Pensions

Romania saw at the end of February 4.94 million pensioners, out of whom 375,843 pensioners who have only worked in agriculture, according to data released on Tuesday by the Public Pensions' National House (CNPP).

The Paris Opera reopened on Jan. 26 night after weeks of strike action against the French government's pension reforms that have cost the arts organisation millions of euros in ticketing losses.

Labor Minister Yiannis Vroutsis said Monday that a new bill on social insurance which will soon be tabled in Parliament will rectify injustices inflicted upon the country's pensioners.
The new legislation, Vroutsis said, will ensure that retired farmers will be able to continue their professional activities without any cuts to their pensions.

The final version of the Labor Ministry bill on the new replacement rates for pensioners will lead to an increase in main pensions by 12 to 252 euros per month, Kathimerini understands.

The final version of the Labor Ministry bill on the new replacement rates for pensioners will lead to an increase in main pensions by 12 to 252 euros per month, Kathimerini understands.

Minister of Labour and Social Protection Violeta Alexandru and providers of private pension plans have been discussing for some time the return on investment rates offered by privately managed pension plans.

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%.

Assets held by the optional pension system stood at 2.47-plus billion lei as of November 30, 2019, up 21.32 percent from the same period of the year before, shows data of the Financial Supervisory Authority (ASF).

Prime Minister's Chancellery head Ionel Danca said on Monday that the Government adopted the emergency ordinance (OUG) on some fiscal-budget measures, providing locking in the benefits for dignitaries and the suspension of the provisions in the administrative code regarding the special pensions for locally elected until 1 January 2021.

The Labor Ministry is set to fully overhaul the country's pension system next month, as the social security reforms it is promoting will increase some 450,000 main and auxiliary pensions. The final number of recipients and the size of the hikes will be determined by the necessary study for the ministry by the National Actuarial Authority.