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.
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.