Romanian Salary Rights Won In Court Hit RON7B, Payment Postponed For 2012

Sums representing salary rights won in court by Romanian public sector employees total 7 billion lei (EUR1=RON4.2998) and the money will be paid in tranches starting 2012, to allow the Government to stay within the fiscal target agreed with the International Monetary Fund.

17 views

Imaginea articolului Romanian Salary Rights Won In Court Hit RON7B, Payment Postponed For 2012

Romanian Salary Rights Won In Court Hit RON7B, Payment Postponed For 2012

Salary rights won in court by employees of public institutions financed entirely from the state budget and the social security budget hit RON3.77 billion, and salary rights won in court by pre-university education units staff reached RON3.22 billion, according to the explanatory note of a draft emergency ordinance drawn up by the Finance Ministry.

The Government will pay the respective salary rights starting 2012 in an interval of three years. Beneficiaries will receive one third of the total sum annually.

Last year, the Government decided to pay salary rights won in court by the end of 2009 in three tranches, namely 34% in 2010, 33% in 2011 and 33% in 2012, while wage rights won through final court decisions in 2010 would be paid in the 2011-2013 interval.

In May 2010, the Finance Ministry drafted an act which postponed by two years the payment of salary rights won in court, which amounted to RON2.16 billion.

During negotiations with the IMF, the Government pledged to stay within a budget deficit of 6.8% of the GDP in 2010 and to reduce it to 4.4% of GDP in 2011.

If you liked this story, please follow MEDIAFAX.RO on FACEBOOK »

The content of mediafax.ro is for your information only. Republishing or using this content is forbidden without express consent of MEDIAFAX. For this consent, please ask for it by mail at vanzari@mediafax.ro.

 

The free download of the press materials (text, photo and / or video), bearers of intellectual property rights, is approved by www.mediafax.ro only within 250 signs. Spaces and URL / hyperlink are not taken into account when counting signs. The collection of information can only be done in accordance with the terms agreed and mentioned here