social security

Romania Cannot Reduce Social Security Contributions In 2011 – President

Romanian President Traian Basescu said Saturday that, in his opinion, it is impossible to reduce social security contribution rates in 2011.

IMF: Romania May Reduce Social Security Taxes If It Guarantees Budget Gap Below 3% In 2012

Romania may reduce the social security taxes paid by employers only if there are guarantees that it can achieve the fiscal targets of 2011 and 2012, when the budget deficit must drop below 3% of the GDP, said people close to the talks between the IMF and Romanian authorities.

Romanian Ctrl Bker Says Social Security Cuts Good For Economy

Lowering the general social security contributions would help stimulate business competition in Romania, a central bank official said Tuesday, adding that the measure shouldn’t take too much of a toll on the government budget.

Romanian Govt Might Reduce Social Security Contributions From Employers – Sources

Romania's Government is considering lowering the total social security contribution rate from 44% to 41%, reducing the rate paid by the employer by three points, starting with the second half of the year, people close to the matter told MEDIAFAX on Monday.

Romanians Refusing Job, Training May Lose Social Benefits – Draft

Welfare recipients, who turn down a job and refuse to take part in professional training classes or other programs designed to stimulate employment, may lose their benefits, according to the draft law on social assistance in Romania.

Salaries Won In Court Subject To Social Security Taxes – Amended Romanian Fiscal Code

Salaries awarded through court rulings and the wage earned by the president of a homeowners' association will be included in the gross income and will be subject to social security taxes, under Romania's Fiscal Code, as amended by the Government.

Romanian Parliament Adopts 2011 Social Security Budget

Romania's Parliament adopted Wednesday the social security budget for 2011, with 207 votes for, 143 votes against and no abstentions.

Romanians Occasionally Gaining Copyright Income Exempt From Social Security Contributions

Romania’s Government decided in its meeting Wednesday that people who own a record of employment and gain copyright income only occasionally will not pay social security contributions for the income obtained from copyright.

Romanians Working In Canada May Get Pensions From Both Countries Under New Social Security Agreement

Romanian nationals who have worked in Canada and paid social contributions there will get pensions calculated according to contributions in both countries upon retirement.

Romanian Cos Hiring Jobless People Exempt From Paying Social Security For Six Mos

Romania’s Government on Tuesday approved a decision whereby companies hiring in 2010 people who have been unemployed for at least three months will be exempt from paying social security contributions for the new employees for six months, as long as the new workers are kept for at least one year.

Romanian Military, Police, Special Services Employees To Pay Higher Social Security Contributions

Employees of the Romanian military, police or special services will have to pay 10.5% of their gross wages as social security contributions starting with 2011, up from 5% at present, but their salaries will be increased to account for the tax hike.

Romanian Cos Hiring Unemployed People Exempt From Social Security Contributions For 6 Mos

Romanian companies which in 2010 hire people who have been unemployed for at least three months will be exempt from paying social security contributions for the new employees for six months, as long as the new workers are kept on at least one year and the employer lays off no one.

Romania To Exempt Cos Hiring Jobless People From Paying Social Security

Romanian Prime Minister Emil Boc said Monday the Government is set to issue a normative act by the end of the month temporarily exempting companies hiring unemployed people from paying social security.

Romania Tax Collecting, Soc Security Systems Need Improvement – IMF Official

Romania must improve its tax collecting system and rethink the social security sector, because it’s bleeding money and the existing framework program does not provide sufficient monitoring of the collected amounts, an official at the International Monetary Fund said Thursday.

Romanians With Income Exclusively From Copyright To Pay Social Security Contributions – Labor Min

Romanian Labor Minister Mihai Seitan said Monday that, under the draft pension law, people whose income comes exclusively from copyright would no longer be exempt from paying social security contributions, but that the measure would not apply to those who also have labor contracts.

Romanian Unions, Govt To Discuss Plan To Collect Social Security Contributions From Journalists

Romanian journalists union MediaSind and Press Employers’ Association ROMEDIA announced they would meet next week with the government in order to stop its plan to remove exemptions from the payment of social security contributions for income gained from copyright and royalties.

EXCLUSIVE: Romanian Govt Mulls Collecting Social Security Contributions From Freelancers

Romania’s government is planning to stop exempting people from paying social security contributions for income gained from copyright, royalties and various collaboration contracts, people close to the matter told MEDIAFAX.

Romania’s Hungarian Minority Party To Abstain From Vote On Social Security Budget Over Pensions

Lawmakers of Romania’s Hungarian minority party UDMR, which is part of the government, said they will abstain from a vote on the 2010 social security budget because they cannot agree with freezing public pensions.

Romania Freezes Pensions In 2010 At Oct ’09 Level

Pensions will be frozen next year by keeping the pension point at the level set for October 2009, of 732.8 lei (EUR1=RON 4.2119), so that the average monthly pension of social security contributors will be of RON701.2, according to Romania’s social security draft budget, obtained by MEDIAFAX.

Romania, Hungary, Serbia Might Draw Up Joint Social Security Plan

Serbia’s foreign affairs minister Vuk Jeremić said Saturday in Timisoara, western Romania, that Hungary, Serbia and Romania might draw up a joint social security plan.