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Romania’s Leftist Opposition Pushes To Get Its Rejected Amendments Back On Pension Bill

Senators of Romania’s leftist Social Democratic Party, in opposition, said they would uphold in plenary all amendments to the pension bill that the Senate’s committee for labor rejected Wednesday.
Romania’s Leftist Opposition Pushes To Get Its Rejected Amendments Back On Pension Bill
15 apr. 2010, 10:19, English

The Senate’s labor committee adopted Wednesday the country’s draft pension law with amendments and agreed on a pension point of at least 45% of the average gross salary. The committee agreed that the pension point, an indicator used by authorities to calculate pensions, be of at least 45% of the average gross salary, and rejected amendments instating special pensions for magistrates and military staff and amendments lowering the proposed retirement age.

Social democrat senators said in a press release Thursday the labor committee rejected over one hundred of their amendments to the bill, and only allowed the one regarding the value of the pension point.

Labor Minister Mihai Seitan said a pension point set at 45% of the average gross salary is not financially sustainable and his Democratic Liberal Party will argue against it.

The bill is pending debates and a vote in the Senate and then in the Chamber of Deputies before it becomes law.

Recession-hit Romania is required to reform its public pension system under an agreement with the International Monetary Fund, which is leading a EUR20 billion loan from international institutions and the EU.