Social law

More than 2,130,000 Pensioners Will Receive an Increase of 5.7% on Their Pensions From Today

More than 2,130,000 pensioners will receive an increase of 5.7 percent on their pensions from today - 1 July. The change is in compliance with the Social Insurance Code provided for by all pension payments granted starting with 31 December 2018. This was announced by the National Social Security Institute.

Mandatory private pension funds had assets worth 53.41 billion lei in May, up 24.18 pct

The mandatory private pension funds had assets worth more than 53.41 billion lei, on May 31, 2019, up 24.18 per cent against the same month a year before, according to data provided by the Financial Supervisory Authority (ASF). Government bonds hold the highest share among these assets, of 31.58 billion lei, 59.14 per cent respectively.

Ludovic Orban: We support increase in pensions, but based on "stable, predictable" mechanism

National Liberal Party (PNL) chairman Ludovic Orban said on Wednesday evening that the Liberals support the increase in pensions, but based on a "stable, predictable" mechanism, on "objective elements". "We attacked the Pension Law at the Constitutional Court (CCR) and the CCR proved us right, declaring the Pension Law unconstitutional.

UDMR's Antal Arpad: In a normal country there is no such thing as special pensions

Sfantu Gheorghe mayor Antal Arpad from the Hungarian Democratic Union of Romania (UDMR) said on Thursday that he is no supporter of special pensions and that in his view, the contribution to the pension fund should be the only criterion that should be considered when the pension amount is determined. "I believe that in a normal country the institution of special pensions does not exist.

Labor Ministry has failed to publish key details concerning pensions

Pensioners remain in the dark about the recalculation of their pensions according to the 2016 law, as they have not yet been notified by the Labor and Social Security Ministry about their so-called personal difference - i.e. the part of their pension that is likely to be cut.

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