pensions

Orban, about the magistrates’ complaints: We are ready to correct any decision of CCR

17:02, 28 Ian. 2020
Prime minister Ludovic Orban has said on Tuesday he listened to the magistrates and clerks' concerns regarding special pensions, but a broader process is needed to resolve the issues. He has said any law can be challenged at the Constitutional Court and PNL was prepared to "correct" the decisions.

Romanian Government Allots RON43M From Reserve Fund For Pensions Payments

19:10, 07 Dec. 2018
Romania’s Government decided on Friday to supplement the budget of its Labor Ministry with RON43.2 million from its 2018 Reserve Fund, to be used for the payment of pensions and old age benefits.

Romania to Eliminate Mandatory Private Pensions

14:43, 29 Iun. 2017
Romania's proposed finance minister Ionut Misa said Thursday the government will eliminate the mandatory private pension system known as Pillar II.

PM: Romanian Govt May Look Into Slightly Raising Public Wages, Pensions If Economy Allows It

17:42, 30 Ian. 2012
The Romanian Government will look into slightly increasing public wages and pensions providing the economy is stable and registers growth, Prime Minister Emil Boc said Monday.

Romanian Constitutional Court Upholds Law Freezing Public Wages, Pensions In 2012

14:49, 07 Dec. 2011
Romania’s Constitutional Court on Wednesday upheld the law freezing public sector wages and pensions next year, which the opposition had contested.

Romania Might Increase Resources Allotted To Investments In Spring 2012 – Minister

16:52, 06 Dec. 2011
Romanian Finance Minister Gheorghe Ialomitianu said Tuesday additional revenues that might result after the budget execution in the first months of 2012 will most likely be directed to investments.

Romanian Fiscal Council: Special Pensions Increased By 30% After Recalculation

16:25, 25 Nov. 2011
The average monthly pension paid to the 159,000 Romanian former military staff and police officers increased over 30% after recalculation, to 2,289 lei (EUR525) from RON1,755, although the Labor Ministry expected it will decrease, the Fiscal Council said Friday.

Romanian Military Personnel Must Join Private Pension Fund Within Seven Months

20:24, 22 Nov. 2011
Romanian military personnel, police agents and special employees of the defense and prison administration systems will be required to sign up for a private pension within seven months, with the exception of agents with classified identities.

President: Romania Has No Money To Raise Pensions, Wages In 2012 Regardless Of Court Ruling

14:47, 16 Nov. 2011
Romania’s President Traian Basescu said Wednesday on public radio RRA that, regardless of the Constitutional Court’s ruling on authorities’ decision to freeze pensions and wages in 2012, “there is no money”.

Romanian Lower House Adopts Act Freezing Pensions, Salaries In 2012

15:24, 08 Nov. 2011
Romania's Chamber of Deputies on Tuesday adopted Government Emergency Ordinance 80/2010, which includes amendments by the Committee for budget, that stipulate public sector salaries and state pensions will be frozen next year.

IMF: Romania May Raise Salaries, Pensions Slightly In 2012, If Things Go Well

16:33, 07 Nov. 2011
Romania's Government has agreed with the IMF and EC to freeze public sector salaries and pensions, but to increase them slightly halfway through next year, if budget revenue allows, said IMF mission chief Jeffrey Franks.

Romania Will Neither Cut Nor Tax Pensions In 2012 – Ruling Party Official

15:31, 21 Oct. 2011
Romanian ruling Democratic Liberal Party secretary general Ioan Oltean said Friday pensions will neither be cut nor taxed in 2012.

Romanian Govt Held No Talks On Introducing New Taxes To Allow For Pension Hike – PM

16:20, 20 Oct. 2011
Romanian Prime Minister Emil Boc said Thursday the Government has not held talks on introducing new taxes to allow for future pension increases.

Romania Has No Plans To Tax Pensions, PM Says

16:08, 15 Oct. 2011
Romanian Prime Minister Emil Boc said Saturday at a party meeting the Government has not included any plans to tax pensions in its draft state budget for next year, denying recent media allegations.

Romanian President: Pension Indexation Impossible When Deficit Hits EUR3.6B

12:27, 18 Sept. 2011
Romania cannot adjust pensions when it has a public pension deficit of EUR3.6 billion, Romanian President Traian Basescu told private television ProTV.

Romanian Labor Min: 2012 Pension Indexation Depends On 3Q Results

21:05, 06 Sept. 2011
Romanian Labor Minister Sebastian Lazaroiu said Tuesday that, although the Government has approved raising pensions according to inflation and 50% of the raise in gross wages in 2012, 2013 and 2014, this measure will not be implemented if data on budget collections in the third quarter "looks bad."

Romania Halts Certain Pension Raises Until 2014, Over High Additional Expenses

15:46, 11 Aug. 2011
Romania's Government will block certain pension raises, which would have taken effect next year, until 2014, arguing that the lack of a "sustainable framework" for the pension law's application will increase the social security budget deficit.

Over 90% Of Romanian Military Pensions Higher After Recalculation – Minister

14:23, 09 Iun. 2011
The Romanian Defense Ministry completed the process recalculating the pensions of military staff on June 1, Defense Minister Gabriel Oprea said Thursday.

Romania Can Raise Public Salaries By 5%, Pensions By 7% Next Year – Fiscal Council

19:44, 07 Apr. 2011
Romania's public sector salary fund can be increased this year by no more than 5%, provided the economy grows 1.5% in 2011 and 3.9% in 2012, while public pensions could be raised by at least 7%, the Parliament-appointed Fiscal Council said Thursday.

Romanian Military Pensions May Not Be Lower After Recalculation – Lower House Committee

20:09, 05 Apr. 2011
The committee for defense in the Romanian Chamber of Deputies on Tuesday adopted an amendment to the ordinance extending the period in which military pensions will be recalculated, which says that if a pension is lower after recalculation, the pension shall retain its original value.

Romanian Senate Rejects Tax Exemption For Pensions Below RON2,000

19:04, 28 Mart. 2011
The Romanian Senate on Monday approved with 62 to 55 votes President Traian Basescu’s request to reexamine the bill whereby pensions lower or equal to 2,000 lei (EUR1=RON4.1065) will be exempt from income tax, after the request was put to the vote again.

EXCLUSIVE: Romanian Court Rules To Cancel Recalculation Of Military Staff Pensions

14:51, 25 Mart. 2011
The Teleorman Court in southern Romania on Friday upheld several requests to cancel the recalculation of military staff pensions, Costel Galca, lawyer of the Union of Laid off Military Staff, told MEDIAFAX.

Romanians Behind On Pension Contributions Risk Penalties

18:26, 10 Mart. 2011
Romanians who fail to pay their pension contributions for three consecutive months may risk contract termination under a draft decision the Labor Ministry has submitted for public debate.

Romanian Military, Police Retirees File Criminal Complaints Against Defense, Interior Ministers

11:44, 14 Ian. 2011
Romanian military and police retirees Friday filed criminal complaints at the General Prosecution Office against Defense Minister Gabriel Oprea, Interior Minister Traian Igas and Romanian Intelligence Service chief George Maior, whom they accuse of abuse of office and discarding court rulings.

Romanian Retired Military Staff To File Criminal Complaints Against PM, Two Ministers

12:03, 13 Ian. 2011
The Romanian Reserve and Retired Military Staff Union on Thursday will file criminal complaints against Prime Minister Emil Boc, Defense Minister Gabriel Oprea, Interior Minister Traian Igas and Romanian Intelligence Service director George Maior for discarding court rulings on military pensions.

Romanian Govt To Seek Conf Vote To Pass Wage Bill On Dec 14

14:48, 04 Dec. 2010
Romania’s Government will seek a confidence vote in Parliament on December 14 to pass into legislation an IMF-required unitary wage bill for the public sector and the 2011 state budget law will be sent to Parliament for approval next week, Prime Minister Emil Boc said Saturday.

EXCLUSIVE: Romanian Freezes Pensions In 2011, Social Contributions – Draft Budget

09:11, 25 Nov. 2010
Romanian public system pensions, including minimum guaranteed pensions, will be frozen at they current level in 2011, and social security contributions will not decrease below the level set for this year, according to the final form of the country’s 2011 draft state budget, obtained by MEDIAFAX.

EXCLUSIVE: Romania Govt Expects Thousands Of Complaints Over Recalculated Pensions

14:55, 14 Nov. 2010
The Romanian Government has received about 200 complaints over the recalculation of special pensions and expects their number to rise to tens of thousands but will dismiss them all as ungrounded.

Romania PM Says 2011 State Budget Won’t Consider Tax-Lowering Bills

14:43, 01 Nov. 2010
Romanian Prime Minister Emil Boc said Monday the 2011 state budget won’t consider the two recently adopted bills lowering VAT on food and exempting small pensions from income tax because they would significantly widen the deficit.

Romanian Govt Adopts Decree Allowing Retroactive Contributions To Public Pension System

19:05, 28 Oct. 2010
The Romanian Government Thursday adopted an emergency ordinance whereby people who had not contributed to the public pension system over the past five years will be able to pay contributions retroactively for the said period.

Romania To Lobby EU On Cutting Pension Costs From Budget

14:41, 26 Oct. 2010
Romanian President Traian Basescu Tuesday said the country will lobby the European Council and MEPs to have the pension fund deficit excluded from the state budget deficit.

Romania Budget Revenue Would Drop By RON700M With New Pension Tax Exemption Cap

16:17, 20 Oct. 2010
Exempting pensions lower than 2,000 lei (EUR1=RON4.3084) from income tax, as per a bill the Romanian Parliament passed Tuesday, would translate into budget revenues lower by RON700 million (EUR167 million).

Romanian Ruling Party Lawmakers Say They Voted For Lower VAT On Food, Tax-Exempt Pensions By Mistake

12:33, 20 Oct. 2010
Lawmakers of Romania’s ruling Democratic Liberal Party said Wednesday they voted in favor of two bills that lack government support by accident and will move to have them annulled.

Romania Keeps Pension Frozen Next Year, Lowers Wages, Investment Budgets

12:42, 17 Oct. 2010
Romania’s Government plans to keep pensions frozen at their current level throughout 2011, cut local budgets and funds for wages and investments, according to the draft state budget for next year, obtained by MEDIAFAX.

Romanian Lower Chamber’s Special Committees OK Public Sector Pension-Wage Cumulus

18:24, 28 Sept. 2010
The Romanian Chamber of Deputies’ committee for budget and finance and the labor committee on Tuesday approved the draft law proposed by opposition liberals, which eliminates the interdiction to cumulate pensions and wages in the public sector, said labor committee head Victor Paul Dobre.

Romanian Govt To Increase Social Security Budget By RON3.8B

19:56, 11 Aug. 2010
Romania’s Government will increase the social security budget by 3.8 billion lei (EUR1=RON4.2404) to cover spending on pensions until the end of the year, Prime Minister Emil Boc said Wednesday.

Romania’s Govt To Freeze Pensions In 2011

18:50, 04 Aug. 2010
Romania’s Government will not increase pensions in 2011 and will eliminate the 13th salary, vacation bonuses and heating subsidies, according to an additional letter of intent to the stand-by agreement with the International Monetary Fund, obtained by MEDIAFAX.

Romania Has Money To Pay Pensions In 2010 – Fin Min

14:53, 27 Iul. 2010
Romania will not face problems with paying pensions this year, Finance Minister Sebastian Vladescu said Tuesday.

Romanian Authorities Might Consider Taxing High Pensions Progressively – Environment Min

20:26, 10 Iul. 2010
Romania’s Environment Minister Laszlo Borbely told MEDIAFAX Saturday that authorities might consider taxing high pensions progressively starting this fall, adding that decisions in this respect depend, to a great extent, on the country’s economic situation.

Romanian Pensions Must Be Taxed, VAT Reduced – President

17:12, 10 Iul. 2010
Romania’s President Traian Basescu said Saturday, during a visit to flood-hit areas in the northern part of the country, that the value added tax must be decreased to its previous level, adding pensions must be taxed.