Pensions in the United Kingdom

Prime Minister Natalia Gavrilita announced on Monday evening that pensions for the elderly and allowances for vulnerable citizens would rise after October 1 for about 427,000 people.

Only GERB voted against, the other parties agreed

The minimum pension in Bulgaria will be BGN 370 (EUR 189.15) from October 1 this year - this is what the deputies in the Committee on Budget and Finance voted for today during the second reading of the budget update for 2021.

The Declic grassroots movement staged on Friday a choreographed protest in Bucharest's Victoriei Square, with approximately 100 people unfurling three 30-meter-long banners that read "Cut special pensions". The Declic community is calling on the government to finalize the bill that scraps retirement benefits that are not duly covered by contributions to the pension pot.

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.

Thousands of retirees saw their main pensions for June reduced on Friday, as the growth that their auxiliary pensions are set to see entails the contraction of their main ones.

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.

A growing number of depositors - mostly people who are in a mature phase of their professional careers - are investing a part of their savings in private insurance and pension schemes.

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%.