The draft law regulating the payment of private pensions has sparked dissatisfaction, in particular by eliminating the possibility of withdrawing funds in full at retirement. More than 8 million Romanians could be affected, with the right to withdraw only 25% of the amount, the rest being paid monthly. Trade unions and employers accuse the doubling of taxation, especially on Pillar III, and are calling for clarification. The government has postponed approval of the law for a wider debate, while the authorities stress that the law is a condition for Romania's accession to the OECD.
Sources
Latest News
18:14
The Ministry of National Defense intervenes in the southern dike area of the Midia Port following a call to 112 regarding a possible drone fragment.
18:03
A person was found charred in a car engulfed in flames, on DN1A
17:57
Iranian President Masoud Pezeshkian stated that it is time to end the war with the USA, emphasizing Tehran's position of power.
17:49
Romanian pensioners living abroad are required to send a life certificate to maintain their pension.
17:39
The facade of the Palace of the Parliament will be illuminated on August 24 in the colors of the Ukrainian flag.
See more news