National Liberal Party (PNL) chairman Ludovic Orban said on Wednesday evening that the Liberals support the increase in pensions, but based on a "stable, predictable" mechanism, on "objective elements". "We attacked the Pension Law at the Constitutional Court (CCR) and the CCR proved us right, declaring the Pension Law unconstitutional.
Does anyone object to higher pensions? Such innocent-sounding cliches are nothing but a veil for policy that is purely self-serving.
In one of the recent amendments tabled by the government, National Bank will have to pay more than 200 million euros into its employees' auxiliary pension fund, a measure that will only benefit current pensioners.
Mandatory private pension funds in Romania had assets worth over 52.26 billion lei on 30 April 2019, up 21.42 percent from the same level of the previous year, according to the Financial Oversight Authority (ASF) data. Government securities made up the largest share of the assets, of 30.06 billion lei, respectively 57.52 percent. Shares came in second, at 9.96 billion lei (19.07 percent).
The Government has decided a new way of calculating the minimum share capital of private pension funds, Minister of Public Finance Eugen Teodorovici announced on Thursday.