pensions

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.

Romania Allows Pension-Wage Cumulus For Pensioners With Income Lower Than RON1,693

18:01, 02 Apr. 2009
Public institutions in Romania willing to hire pensioners with income higher than 1,693 lei (EUR1=RON4.2198), namely, the threshold recently set by the government for the cumulation of pensions and wages in the public sector, will be fined RON2,500 to RON5,000.

Romanian Govt Sets Nearly RON1,700 Threshold For Public Sector Pension-Wage Cumulus

21:14, 01 Apr. 2009
The Romanian government decided in its meeting Wednesday to allow the cumulation of pensions with salaries in the public sector only for people whose pensions amount to nearly 1,700 lei (EUR1=RON4.2329), official sources told Mediafax.

Romania Ups Pension Point 3% To RON718.4 As Of April 1

09:48, 01 Apr. 2009
Romanian pensions increase as of April 1 and the pension point will be worth 718.4 lei (EUR1=RON4.2), 3% higher than the previous RON697.5, and will further increase an additional 2%, to RON732.8, as of October 1.

Low Wages, Pensions Must See Slight Increase Even In Times Of Crisis- Romanian President

15:38, 29 Mart. 2009
Romanian President Traian Basescu said Sunday, at the congress of the National Federation of Trade Unions in the Local Public Administration "Publisind," that the economic crisis will not affect low wages and pensions, which should see slight increases even in times of crisis.

Nearly 200 Romanian Pensioners Picket Government HQ

10:06, 26 Mart. 2009
Nearly 200 pensioners picket Thursday the headquarters of the Romanian government protesting to the fact that the pension point will no longer be 45% of the gross average wage as of April.

Romania To Hike Pensions With Inflation Rate Not Depending On Avg Wage Under IMF Agreement – Sources

10:04, 25 Mart. 2009
Romania will change the calculation of pensions and increase them depending on the annual inflation rate instead of the gross average wage, to balance its public pension fund on the medium and long term under the agreement with the International Monetary Fund, or IMF.

Romania Hikes Taxable Pension Ceiling To RON1,500 – Sources

16:17, 22 Mart. 2009
Romanian government will hike the minimum taxable ceiling for pensions to 1,500 lei (EUR1-RON4.2950) from RON1,000 until early next year at the most, people familiar with the matter said Sunday.

Romania’s Pension Sys Affected By Population Ageing, Black Market Labor – EC Report

20:28, 15 Mart. 2009
Romania’s pension system will be seriously affected on the long run by the low number of contributors in ratio with beneficiaries, the low employment rate among elderly workers and the expansion of the black market labor, according to a report of the European Commission.

Romanian Govt Might Hike Taxable Ceiling For Pensions – Labor Min

19:59, 17 Feb. 2009
Romanian authorities should hike the taxable ceiling for pensions at the next revision of the Fiscal Code, Labor Minister Marian Sarbu said Tuesday.

Romanian Pension Point To Increase To RON718.4 In April, RON732.8 In Oct

19:42, 31 Ian. 2009
The Romanian government decided to increase the value of one pension point to RON718.4 from RON697.5 as of April 1, and to RON732.8 as of October 1, according to the 2009 social insurance budget draft.

Pensions In Romanian Public Sys To Increase 5% In Two Tranches – Sources

14:11, 29 Ian. 2009
Pensions in Romania’s state pension system will be increased 5% in 2009, in two tranches: 3% in April and 2% in October, taking the pension point to 42 - 45% of the average gross wage, people close to the talks within the governing coalition told MEDIAFAX Thursday.

Romanian Governing Coalition Found Ways To Up Low Wages, Pensions – Social Democrat Leader

09:44, 29 Ian. 2009
Romanian social democrat leader Mircea Geoana said Wednesday night after a coalition meeting that the government will make a decision regarding pensions and wages on Thursday, adding a “reasonable” solution was reached to allow increases.

Romanian President Would Agree To Govt Freezing Wages, Pensions For Six Months

14:10, 27 Ian. 2009
Romanian President Traian Basescu said Tuesday on public radio that he won’t react negatively if the government reaches an agreement with unions and freezes salaries and pensions for six months to use public money to salvage the economy.

Democrat Liberals Must Scrap MPs’ Pensions, Keep Electoral Promises- Romania PM

14:04, 17 Ian. 2009
Romanian Prime Minister Emil Boc, head of the Democratic Liberal Party (PDL), said Saturday, at the meeting of the party’s legislative groups, that his party initiated a draft law aiming to eliminate lawmakers’ pensions, adding they ought to keep their promise regardless of potential setback.

Romania Pension-Wage Decree Restricts Right To Labor, Pension- Constitutional Court

15:14, 16 Ian. 2009
Romania’s Constitutional Court said the interdictions and obligations imposed by Government Emergency Ordinance 230/2008 restricts both the right to pension, stipulated at article 47, section (2) of the Constitution of Romania, and the right to labor stipulated at article 41 of the fundamental law.

Romanian Govt To Issue Draft Law Banning Pension-Wage Cumulus

16:17, 15 Ian. 2009
The Romanian Government will push a draft law banning the cumulation of pension with salary in the public sector, a normative act to be debated with urgency in Parliament, Prime Minister Emil Boc announced.

Romanian PM Declines To Comment Before Constitutional Court Motivates Decision

14:49, 15 Ian. 2009
Romanian Prime Minister Emil Boc will comment on the Constitutional Court’s decision to declare unconstitutional the government decree banning the cumulation of pensions and wages in the public sector after the Court motivates its decision, the government said.

Romanian Pension-Wage Decree Declared Unconstitutional

14:41, 15 Ian. 2009
The Romanian Constitutional Court decided Thursday, with a majority of votes, that the provisions of Government Emergency Ordinance 230/2008, banning cumulated pensions and wages in the public sector, are unconstitutional, thus allowing the exception raised by the ombudsman.

Romanian Pensioners Urge Amendments To Pension-Wage Decree

14:13, 15 Ian. 2009
Romanian pensioners urged the government to enforce Law 250/2007 setting the pension point at 45% of the average gross wage, arguing government decree 230/2008 banning the cumulation of pensions and salaries for state employees, should be applied only for pensions above 3,000 lei (EUR1=RON 4.2772).

Romanian Pres Accounts For Decree Banning Cumulated Pensions And Wages In Public Sector

15:32, 08 Ian. 2009
Romanian President Traian Basescu said Thursday that the “famous decree” banning pensioners hired in the public sector from receiving both pensions and salaries, observes the Constitution, adding it only targets to wipe out "any misuse of state funds."

Romanian Health Min Plans Amendment To Decree Banning Cumulated Pensions And Wages In Public Sector

13:19, 07 Ian. 2009
Romanian health minister Ion Bazac will propose to the prime minister the amendment of the recently adopted emergency decree that bans pensioners hired in the public sector to receive both pensions and salaries.

Romanian PM Assures Budget Can Sustain Pension Payments This Year And The Next

14:57, 25 Nov. 2008
Romania’s state pension fund has enough money to ensure pension payments this year and the next, Prime Minister Calin Tariceanu said during the Cabinet meeting Tuesday, after President Traian Basescu said Monday evening on television that the fund is “drained”.

Romanian President Promulgates Pension Law

18:56, 25 Oct. 2008
Romanian President Traian Basescu on Saturday announced he promulgated a law hiking pensions for labor groups 1 and 2 as of January 1, 2009.

Romanian Const Court: Laws On Pensions, Teachers’ Wage Hike, Court of Accounts Are Constitutional

15:08, 15 Oct. 2008
Romania’s Constitutional Court Decided Wednesday that the laws on pensions, teachers’ wage hike and on the Court of Accounts are constitutional.

Romanian Pensioners Will Still Get Heating Aid After Pension Hikes – Fin Min

16:11, 29 Sept. 2008
The Romanian government will increase ceilings for heating aid and pension increases planned as of October 1 will not prevent pensioners from receiving heating aid, finance minister Varujan Vosganian said Monday.

Romania To Transfer RON1,370M From State Budget To Hike Pensions As Of Oct 1 – Labor Min

12:44, 17 Sept. 2008
Romania will transfer 1,370 million lei (EUR1=RON3.6494) from the state budget to the pension budget, as stipulated in the state budget law adopted in 2007, in order to increase pensions as of October 1, labor minister Paul Pacauraru told MEDIAFAX Wednesday.

Libra Bank, Pension House Make Deal For Pension Payment System

13:18, 15 Sept. 2008
Romanian lender Libra Bank and the National Pension and Social Insurance House (CNPAS) signed an agreement on paying pensions via current accounts or bank cards, which will be opened for pensioners willing to use this service.

Romania To Hike Pensions 20% On Nov 1 – Labor Min

15:06, 24 Iul. 2008
Romania will increase pensions by 20% on Nov 1, two months earlier than planned, and the pension point will be 45% of the gross average salary, labor minister Paul Pacuraru told MEDIAFAX Thursday.

Romania To Hike Pensions On Nov 1- Labor Min

18:51, 22 Iul. 2008
Romania’s labor minister Paul Pacuraru Tuesday said pensions will be hiked on Nov 1, adding the social insurance budget surplus allows pension hikes two months before the deadline.

Pension Hikes In Romania Not Election-Driven – Fin Min

12:35, 09 Apr. 2008
Romanian economy and finance minister Varujan Vosganian said Wednesday that potential pension increases this year are not election-driven, adding raises come only from the pension budget.

Romania PM Says Earlier Pension Hike Unacceptable -Sources

16:08, 29 Nov. 2007
Romanian Premier Calin Popescu Tariceanu on Thursday said the government is unable to satisfy the propositions put forth by social democrats to hike pensions as of November 1 instead of January 1, 2008 or to extend the period for pension recalculation, ministry sources said.