Pensions in the United Kingdom
The Senate plenary rejected on Wednesday the bill initiated by the lawmakers of the Save Romania Union (USR), providing for a 90 percent tax on special pensions. "The USR has been trying to fully abolish special pensions since 2016, but our efforts have been to no avail because of the hypocrisy of the parliamentary parties.
The total assets managed by the seven mandatory pension funds amounted to 61.87 billion lei at the end of April 2020, up by 18.4% compared to April 2019 and by 192.46% more than the value registered five years ago, according to an analysis made by the financial information platform about investment funds in Romania - SmartFin.ro.
The government has as priority the payment of pensions and salaries and will increase the pensions, but only after a very serious analysis, depending on the real possibilities, so as to have the guarantee that they can be paid, Prime Minister Ludovic Orban stated on Wednesday night at the private broadcaster Realitatea Plus.
The civil servants' union ADEDY has called a 24-hour strike for February 18 in protest at the conservative government's legislation on pensions which is to go before a vote in Parliament this month.
According to ADEDY, the bill perpetuates austerity measures introduced by governments during the crisis years, including auxiliary pension cuts of up to 50 percent.
A new bill submitted to parliament in January envisages new increase in pensions for pensioners in Greece.
Pension increases will range from 3% to 10% and affect pensioners who have more than 30 years of insurance coverage. The supplementary pensions for the freelancers and farmers will also increase by up to 48%.