pensions

Romania Has No Plans To Tax Pensions – Finance Minister

14:46, 22 Feb. 2010
Romania’s Finance Ministry doesn’t plan to tax pensions and it isn’t planning a public debate on the matter, Finance Minister Sebastian Vladescu told MEDIAFAX Monday.

Romania Ups Penalties For Early Retirement To 45% From 30%

16:38, 18 Feb. 2010
Romanian Labor Minister Mihai Seitan said Thursday the country's new pension law increases penalties for early retirement to 45% from 30%, adding the number of people taking early retirement pensions has tripled since 2001.

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

15:48, 18 Feb. 2010
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.

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

20:13, 02 Feb. 2010
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.

Romania Govt To Approve Draft Pension Law Next Week, Send It To Parliament For Adoption

15:13, 29 Ian. 2010
Romania’s government on Friday analyzed the final form of the draft law on the unitary public pensions and decided to approve it in its meeting next Wednesday in order to send it to the Parliament for adoption immediately, people present at the talks told MEDIAFAX Friday.

Romanian Retirees Threaten Radical Protests This Year If Pensions Frozen

15:33, 12 Ian. 2010
Romanian Pensioners’ Union Federation called on the Parliament and Government to observe Law 250/2007 setting the pension point at 45% of the average gross wage, threatening to resort to radical protests this year.

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

13:38, 06 Ian. 2010
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.

Romanian Farmers To Be Included In Country’s Future Single Pension System

16:09, 04 Ian. 2010
Romanian labor minister Mihai Seitan said Monday there will no longer be a special pension system for agriculture and farmers will be included in the single pension system.

Romania Defers Health Insurance Contribution Payments For Non-Taxable Pensions Until 2011

12:55, 29 Dec. 2009
Romania’s government decided to postpone until January 1, 2011 the payment from the state budget of health insurance contributions for retirees with pensions lower than 1,000 lei (EUR1=RON4.1997).

Romania Freezes Pensions In 2010 At Oct ’09 Level

12:18, 22 Dec. 2009
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 Might Implement Fourth Pension Pillar To Protect Elderly – State Secretary

15:35, 10 Nov. 2009
Romanian Labor Ministry state secretary Mihai Seitan said Tuesday that completing the reform of the pension system could also entail implementing a new pillar, Pillar 0, to protect elderly people.

Romania Can Pay Pensions, Wages Without IMF Loan – Liberal

16:56, 07 Nov. 2009
Romanian liberal leader and former health minister Eugen Nicolaescu said Saturday Romania can afford to pay public sector wages and pensions even without the IMF’s bailout money and controversies on this issue are cynical and immoral.

Romanian Senate Decides To Exempt From Tax Pensions Smaller Than RON1,200

13:36, 03 Nov. 2009
Romania's Senate adopted Tuesday a draft law exempting pensions lower than 1.200 lei (EUR1=RON 4.3047) from the 16% income tax.

No Cuts On Romanian Public Sector Salaries, Govt Has Other Solutions – Acting PM

15:11, 30 Oct. 2009
The Romanian Government is not planning to cut the salaries and pensions of public sector employees, as it has alternative solutions to carry on with payments even during this difficult economic situation, acting Prime Minister Emil Boc said Friday.

Public Sector Employees, Pensioners Might Get Less Money Until Romania Is Set On Track

14:50, 30 Oct. 2009
Romanian democrat liberal leader Theodor Stolojan said Friday on Realitatea FM radio that retirees and employees in the public sector might receive reduced pensions and wages due to the current political context and taking into account the country’s relation with the International Monetary Fund.

Romanian Govt Keeps RON1,000 Cap On Tax-Exempted Pensions Citing Budget Restraints

15:42, 27 Oct. 2009
Romania’s government won’t raise the ceiling for pensions exempt from income tax to 1,500 lei (EUR1=RON4.2897), as the Labor Ministry had proposed, and will keep it at RON1,000, citing budget restraints.

Romanian Govt May Have Trouble Paying Salaries And Pensions In Nov, Dec – PM

21:02, 15 Oct. 2009
The Romanian Government has no problem paying salaries and pensions at the moment, but may run into difficulties towards the end of November, should certain commitments taken before the IMF not be met, acting Prime Minister Emil Boc said Thursday.

Romanian Premier Urges Compliance With Intl Pacts For Salary, Pension Pay

10:23, 15 Oct. 2009
Prime Minister Emil Boc said Wednesday evening, at Realitatea TV station, that Romania's non-compliance with its international agreements could make impossible the payment of salaries and pensions.

Romanian Opposition Initiates Bill To Scrap Lawmakers’ Privileged Pensions

16:49, 14 Oct. 2009
Romanian social democrat, liberal and Hungarian minority lawmakers have initiated a bill to amend the statute of lawmakers and eliminate their privileged high pensions, social democrat leader Mircea Geoana said Wednesday.

Romanian PM: High Pensions Will Still Be Paid Depending On People’ Contributions

15:21, 09 Oct. 2009
Romanian Prime Minister Emil Boc said Friday, following talks with union leaders at the Labor Ministry headquarters, that the country’s new public pension law will not eliminate high pensions if their beneficiaries got them by contributions to the social security budget.

Romanian PM Says Govt’s Pension Bill Helps Save EUR800M Annually

12:07, 08 Oct. 2009
Romanian Prime Minister Emil Boc said Thursday the recalculation of special pensions would translate into savings of EUR500 to 800 million annually, adding social democrats and liberals, who oppose the government’s pension bill are depriving the state budget of this money.

Romania Strongly Relies On Country’s New Pension Law To Pay Public Pensions- PM

10:08, 07 Oct. 2009
Romania will no longer be able to ensure funds from the social security budget to pay public pensions if the pension law is not enacted, Prime Minister Emil Boc said Tuesday on B1 TV.

UPDATE: Romania’s PM Ready To Resign If Pension Law Is Not Enacted

12:10, 06 Oct. 2009
Romania’s Prime Minister Emil Boc said Tuesday he is ready to resign his position if the Parliament doesn't give the Government a confidence vote to enact the new pension law, adding he has considered this risk.

Wages, Pensions, Social Rights Not At Risk In ’09 And Next Yr – Romanian PM

14:31, 05 Oct. 2009
Romanian Prime Minister Emil Boc said Monday, after talks with public sector unionists at the Labor Ministry, that the Government has the money to pay pensions, wages and social indemnities this year and the next.

Romanian President Reassures Pensions Will Be Paid On Time

13:23, 04 Oct. 2009
Romanian President Traian Basescu said Saturday in Sannicolau Mare, in Romanian western county of Timis, that the state will meet its obligations to pensioners, stressing that "regardless of the harsh economic conditions, pensions will be paid on time.”

Romania Ups Pensions By 2% As Of Oct 1

21:12, 30 Sept. 2009
Romania will raise the pension point by 2% as of October 1, 2009 in accordance with the valid laws and the Government’s commitments to pensioners.

Romania Has Enough Funds To Pay Wages, Pensions – Fin Min

20:36, 21 Sept. 2009
Romania has enough resources to pay pensions and salaries in the public sector, despite the economic crisis, Finance Minister Gheorghe Pogea said Monday.

Romanian Senate Adopted Tacitly Pension, Wage Amassment Law

13:57, 16 Sept. 2009
The Romanian Senate on Wednesday tacitly adopted a draft law that prohibits the amassment of pensions and wages for retirees who took new jobs in the public sector and their pensions top gross average wage.

Romanian Govt Could Apply Age Limit To 3rd Degree Invalidity Pensions

19:59, 09 Sept. 2009
The Romanian Government might limit granting third degree invalidity pensions depending on the person’s age and situation, so that this kind of pension will be restricted to people above 45 years of age, ministry sources told MEDIAFAX Wednesday.

Romania Ups Pensions As Of Oct 1 – PM

12:45, 10 Aug. 2009
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.

IMF, Romanian Govt Talk On Freezing Wages, Pensions, Laying Off 10% Of Public Servants

19:28, 08 Aug. 2009
The IMF is negotiating with the Romanian Government the layoff of 100,000-150,000 state employees until the middle of next year, freezing pensions in 2009 and 2010 except the minimum social ones and wages, until the unitary pay law produces its effects, government sources told MEDIAFAX.

Romanian Govt Mulls Freezing High Pensions Prior To Drafting New Pension Law – Sources

19:19, 13 Iul. 2009
The Romanian government is looking at several variants before drafting the new pension law and is considering freezing high pensions, obtained via special laws, or setting a new payment level by recalculating these pensions through the law regulating the public pension system, official sources said.

Romania Drops Payment Cap For 60-Yr-Old Contributors To Pvt Pension Sys

10:35, 03 Iul. 2009
Romanian contributors to the voluntary private pension system (Pillar III) will be able to cash the entire assets from their personal accounts at age 60, even if their monthly contributions do not meet the required 90 payments, according to a draft act of the country’s regulator CSSPP.

Romanian Senate Delays Vote On Pension, Wage Amassment Law

13:44, 30 Iun. 2009
Romania's Senate on Tuesday decided to return to the Labor Committee the draft law regulating pensions and salary amassment in the public sector, delaying the vote until the fall.

Romanian Labor Min: Payment Of Pensions, Social Benefits Not Endangered

15:27, 11 Iun. 2009
Romanian labor minister Marian Sarbu said Thursday the payment of pensions and social benefits is not all endangered, stressing the country's Finance Ministry will decide on a potential budget revision, if necessary.

Romania’s Interior Ministry Avg Pension At RON1,775, Only One Pension Tops RON10,000

12:06, 27 Mai 2009
Romania’s Interior Ministry average pension amounts to 1,775 lei (EUR1=RON4.1811) and only one pension, set through court ruling, exceeds RON10,000.

Romanian Public Sector Pensions Calculated On Entire Activity – State Adviser

14:24, 15 Mai 2009
Romanian state adviser Mihai Seitan said Friday that the pension calculations will consider the entire active interval, not just the final months before retirement, and the calculation will be the same for all employees in the public sector.

Romania To Draft New Pension Law Principles Until May 15

13:16, 29 Apr. 2009
The Romanian government recently decided to set up an inter-ministry workgroup, which will draft until May 15, following talks with social partners, the principles of the country’s future pension law, which will also target the special retirement laws.

Romania Govt Calls For Annulment Of ‘Spiteful’ MPs Pension Law

14:45, 16 Apr. 2009
The Romanian government wants to have the Law allowing MPs to collect special pensions annulled, considering the act spiteful toward the population in times of crisis, Prime Minister Emil Boc said Thursday.

Romanian Govt Estimates To Save Up To RON80M/Year Following Pension-Wage Cumulus Ban

13:13, 09 Apr. 2009
The Romanian government estimates savings of 60 million lei (EUR1=RON4.1827) this year following its decision to ban public sector employees from amassing pensions and wages if their pensions top the average monthly wage, currently set at RON1,700, official sources told MEDIAFAX.