12.13.2011

Romania’s High Court of Justice on Tuesday overruled an appeal in the interest of the law put forth by the general prosecutor and rejected the recalculation of special pensions. more

12.07.2011

Romania’s Constitutional Court on Wednesday upheld the law freezing public sector wages and pensions next year, which the opposition had contested. more

12.06.2011

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. more

11.28.2011

The Fiscal Council confirms what Ziarul Financiar said when it raised the issue of the increase in spending on special pensions as a result of the pension reform more

11.25.2011

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 more

11.25.2011

Raising pensions and wages in the Romanian public sector in the second half of 2012 would violate no less than five provisions set through the fiscal responsibility law, including the interdiction to more

11.25.2011

Romania’s private pension system regulator CSSPP has appointed former labor minister Mihai Seitan to head the private pension guarantee fund for the next four years. more

11.22.2011

The leaders of Romania's private pension system regulator (CSSPP) will be appointed by the vote of the majority of MPs present during their validation, no longer requiring the support of the majority more

11.22.2011

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 more

11.16.2011

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, more

11.14.2011

The pension system ‘reform’ drove special pensions up by 17% in 2012 compared with 2010. The budget allocated to the Defense and Interior Ministries and the Romanian Intelligence Service (SRI) is more

11.10.2011

Private pension contributions amassed in pension funds on Pillar II (mandatory private pensions) will be transferred to funds with low-risk investments 10 years before the contributor retires, to more

11.10.2011

The initial contribution to the Romanian private pension guarantee fund will amount to about EUR500,000 and will be paid by private pension fund administrators and pension providers by May 1, 2012, more

11.08.2011

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 more

11.07.2011

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 more

11.07.2011

Romanian ruling coalition leaders decided Monday to move up planned pension hikes to April 2012 instead of June if the state of the real economy allows it, said Varujan Pambuccian, leader of the more

11.01.2011

The Romanian private pension guarantee fund will operate starting the first half of 2012, private pension system regulator CSSPP said in a press release Tuesday. more

10.26.2011

Romanian pensioners will sue the Government if it freezes pensions in 2012, Preda Nedelcu, president of the National Federation of Romanian Pensioners, told MEDIAFAX Wednesday. more

10.26.2011

Romania's Government might freeze salaries and pensions at least until the second half of 2012, and evaluate the economic figures at the end of June to see whether raises are possible in the rest of more

10.25.2011

Contributions to mandatory private pensions (Pillar II) will increase to 3.5% of the gross wage in 2012, from 3%, according to the draft state budget, said Tuesday Andreea Paul Vass, adviser to Prime more

10.24.2011

Romanian President Traian Basescu said Monday that pensions would not be reduced or additionally taxed, and that public sector salaries would not be cut in 2012. more

10.21.2011

Romanian ruling Democratic Liberal Party secretary general Ioan Oltean said Friday pensions will neither be cut nor taxed in 2012. more

10.20.2011

Romanian Prime Minister Emil Boc said Thursday the Government has not held talks on introducing new taxes to allow for future pension increases. more

10.19.2011

Romania’s Labor Ministry has drafted a budget that raises pensions by an average 6.5% in 2012, which would cost the state budget an extra 3 billion lei (EUR680 million), minister Sulfina Barbu told more

10.18.2011

The Romanian Chamber of Deputies’ committees for labor and health on Tuesday rejected for the second time Government emergency ordinance 107/2010 whereby pensioners earning at least 740 lei (EUR170) more