Romanian Government blocks pension increases until 2014

11 August 2011

The Romanian Government will block the increase of certain pensions until 2014, pensions scheduled by the law to be applied next year, arguing that the lack of "sustainable framework" for the pension law's application will increase social security budget deficit and may have serious consequences in the payment of social rights, according to Mediafax newswire.

“Given the lack of a sustainable framework for implementing the law on the unitary system of public pensions, which came into force on January 1, 2011, can create serious consequences in terms of providing social security rights and increasing social security deficit”, shows a Government's a press release, tquoted by Mediafax.

Also, Romania’s public sector employees will receive no vacation, gifts or meal vouchers until 2014, no bonuses until 2013 and will be rewarded for overtime only with free hours, according to Mediafax.

Irina Popescu, irina.popescu@romania-insider.com

(photo source: Sxc.hu)

 

Normal

Romanian Government blocks pension increases until 2014

11 August 2011

The Romanian Government will block the increase of certain pensions until 2014, pensions scheduled by the law to be applied next year, arguing that the lack of "sustainable framework" for the pension law's application will increase social security budget deficit and may have serious consequences in the payment of social rights, according to Mediafax newswire.

“Given the lack of a sustainable framework for implementing the law on the unitary system of public pensions, which came into force on January 1, 2011, can create serious consequences in terms of providing social security rights and increasing social security deficit”, shows a Government's a press release, tquoted by Mediafax.

Also, Romania’s public sector employees will receive no vacation, gifts or meal vouchers until 2014, no bonuses until 2013 and will be rewarded for overtime only with free hours, according to Mediafax.

Irina Popescu, irina.popescu@romania-insider.com

(photo source: Sxc.hu)

 

Normal

Romania Insider Free Newsletters