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Only Social Pensions Can Be Updated, Other Increases Depend On Budget – Romanian PM

Romanian Prime Minister Emil Boc said the Government can bring only the minimum pension in line with the rate of inflation and perhaps increase the smallest pensions through a social initiative Fund, but this depends on the resources created by the economy’s evolution in following months.
Only Social Pensions Can Be Updated, Other Increases Depend On Budget – Romanian PM
02 feb. 2010, 20:13, English

Following discussions on the unitary pension system law with pensioner association representatives, the prime minister said a decision whether or not to increase the other pensions would be taken in April.

The prime minister also said that the social initiative Fund which is to be set up by the Government will be based on budgetary resources, not company contributions, and will provide financial aid to retirees whose pensions are only slightly higher than the minimum social pension.