Pensions in the United Kingdom

Prices of electricity for household consumers in Romania declines by about 3.5% from today, Mediafax reports.
This is after the entry into force of a new methodology for calculating tariffs, which was announced by the national regulator at the end of May.

The Council has agreed its negotiating stance on a proposal that would make it easier for people to put money aside for their old age.

On 19 June 2018, EU ambassadors asked the presidency to start negotiations with the European Parliament on the proposed 'pan-European pension product' (PEPP), a new class of personal pension scheme, as soon as the Parliament is ready to negotiate.

Millions of salaried workers and pensioners stand to lose at least one monthly payment within two years, in 2019 and 2020.

The planned pension cuts for people who have already retired and which will be implemented as of January 2019 will also affect pensions under 1,000 euros, Deputy Minister for Social Security Tasos Petropoulos admitted on Sunday.

"In October we will see the exact cuts in pensions […] and will improve them," he told broadcaster Skai. "We have seven months ahead."

Some 17.3 million or 18.2 percent of older people (aged 65 and above) in the EU remain at risk of poverty or social exclusion, the European Union said in the 2018 Pensions Adequacy Report published on Monday.

The data has not changed since 2013, and this includes significant differences such as women's pensions, which remain 37 percent lower than men's.

The rapid aging of the Greek population, the constant reduction of public expenditure on pensions and the ever-changing nature of labor with the strengthening of flexible forms of employment, are painting a very grim picture for the future of state benefits and in regards to growing inequalities among aged people in Greece.

The NSSI will start paying December pensions on December 7th (Thursday), and the elderly with a pension up to BGN 321 will receive a supplement of 40 levs for Christmas. The payment will end on December 20 (Wednesday).

The management of the Single Social Security Entity (EFKA) is planning an extraordinary issue of new pensions on November 28 and at least one more batch within December, with the aim of drastically reducing outstanding pension applications by the end of the year.

The creation of a Europe-wide insurance market that will be able to provide customers with a guarantee of stability and transparency is the European Insurance and Occupational Pensions Authority's (EIOPA) key objective.

Payment of pensions for October will begin on 9 October (Monday) and will end on 20 October (Friday) 2017, reported BGNES. 

The payment of pensions will be through post offices and will be made in accordance with a prepared schedule, which will be announced in advance at each post office.