Pension

Bulgaria's government has spent an additional EUR 3 billion on wages and pensions during its current term of office as compared to 2017, this country's Premier Boyko Borissov said during his visit to the town of Yambol (Southeastern Bulgaria).

Ljubljana – The parliamentary Finance Committee adopted a series of amendments to the National Demographic Fund bill on Wednesday, mostly based on remarks from the parliamentary legal service. The opposition walked out after its amendments, which would change the basic concept of the fund, were voted down.

The Deputy Prime Minister, Kelemen Hunor, specified on Wednesday that the Hungarian Democratic Union of Romania (UDMR) wishes the elimination of all special pensions, not just for a certain employee category. "There is no and . We either eliminate all pensions, because we are all equal, or we don't eliminate anything.

The government has made significant improvements in awarding provisional pensions with a package of legislative moves in 2020, Deputy Labor and Social Security Minister Panos Tsakloglou said.

Government spending on all special pensions in Romania increased by 60% between 2016 and 2020, as low-wage labour taxation is the highest in the entire European Union (EU), Economy Minister Claudiu Nasui he wrote on Facebook on Tuesday. "How come there is always money for some? Repealing all special pensions must be a priority for any party that wants the best for Romania.

The Labor Ministry plan to accelerate the issue of outstanding pensions provides for the contribution of the private sector and experienced officials at the Single Social Security Entity (EFKA), with the assistance of modern technologies.

Labor Minister Kostis Hatzidakis has announced that all those awaiting the issue their pension will receive a temporary one that will range from 345 to 384 euros a month, depending on their years of service.

It will also be paid out retroactively - concerning the entire period since the submission of their application.

State pension outlays in the 2021 state budget is already increasing by almost 8 billion from last year, according to Prime Minister Florin Citu, who also says that adjusting pensions for inflation will be addressed according to the legislation in force. "Pension expenditure in the 2021 budget is already increasing by almost 8 billion lei from last year, from last year's pension increase.

The minimum wage will be indexed on Wednesday, in the Government meeting, by 3.1%, namely 70 lei gross, and the pensions will be increased this year at least by the inflation rate, Minister of Labor Raluca Turcan told private broadcaster Digi 24 Tuesday evening.

Assets of mandatory privately managed pension funds amounted to over 73.145 billion lei as of November 27, 2020, up 20 percent YoY, shows data of the Financial Supervisory Authority (ASF). Government securities account for the largest share in assets with 49.73 billion lei (68 pct), followed by stocks with 15.158 billion lei (20.72 pct) and corporate bonds with 2.98 billion lei (4.07 pct).