A new proposal regarding the structure of the country's social security system emerged on Monday at an event organized by the Hellenic Association of Insurance Companies (EAEE). It concerns the transfer of a portion of social security contributions toward the creation of an investment pillar for the system.
A rally by Greek public hospital workers in central Athens caused traffic disruptions and bottlenecks as protesters outside the labor ministry spilled on to Stadiou street.
Their union, POEDIN, which is holding a work stoppage until 3 p.m., is demanding pay for arduous and hazardous professions and pointing to the large number of employees waiting to receive their pension.
1,322,300 pensioners will receive a supplement to their pensions for April, the press service of the Cabinet said. The supplementary amount to the pension is BGN 40 and will be paid to pensioners whose pension or the sum of the pensions together with the supplements and compensations for them in April is up to BGN 348 including the amount of the poverty line for 2019.
Pensioners are having to turn to the Ombudsman and the courts to find out what the correct amount of their monthly payout should be, following delays from the Labor Ministry in issuing the necessary notices specifying the amount due to each pensioner as of January 1, 2019, after the new calculation system was introduced.
Approximately 90 experts of the European Union are participating on Monday and Tuesday in the Informal Meeting of the Social Protection Committee (SPC), which takes place in Bucharest, at the Palace of Parliament. "It is a Social Protection Committee. Generally, the discussion revolves around the social assistance policy, cohesion, the European common value and so on.
The mandatory private pension funds had assets worth over 48 billion lei on 31 January 2019, increasing 17.1 percent from the level in the similar month of the previous year, according to the Financial Supervisory Authority (ASF). Securities hold the largest share within the assets, worth 30.37 billion lei, namely 63.2 percent.
Prime Minister Viorica Dancila said on Friday in Parliament that Romania has recorded one of the highest economic growth rates of all the member states in the European Union and provided a state of the play in investment, local administration appropriations, as well as increases in pensions and wages.
Chairman of the People's Movement Party (PMP) Eugen Tomac said on Wednesday that special pensions are a theft, commenting that it's incredible that someone with 30 years length of service collects a pension of less than 1,000 lei, while politicians who serve two or three terms in Parliament pocket as much as 13,000 lei in pension.