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Romania Ups Pensions As Of Oct 1 – PM

Romania will raise the pension point by 2% as of October 1, as stipulated in this year’s state budget law and in accordance with the government’s commitments to pensioners, Romanian Prime Minister Emil Boc said Monday.
Romania Ups Pensions As Of Oct 1 - PM
10 aug. 2009, 12:45, English

"We have decided to keep our promises to pensioners regarding the minimum pension and a 2% increase in the pension point as of October 1,” Boc said Monday after the weekly meeting of the ruling coalition.

Government sources told MEDIAFAX Saturday afternoon the International Monetary Fund and the Romanian government were negotiating the layoff of 100,000 to 150,000 state employees by mid-next year, the freezing of public sector wages and the freezing of pensions, except for minimum and social pensions, this year and the next, until the future law regulating wages across the public sector produces effects.