Antena 3 CNN Romania Labor Minister: In 2015, we want to raise pensions by 4,4%

Labor Minister: In 2015, we want to raise pensions by 4,4%

Labor Minister: In 2015, we want to raise pensions by 4,4%
25 Mar 2014   •   09:48
Romanians could receive increased pension payments as of next year by 4%, the minister of Labor, Rovana Plumb, announced on Antena 3.

"The Ponta Government will not, under any circumstances, cut pensions, it will not lower them, and on the contrary, we will continue with these pension increases next year. This year they increased by 3.75%. Next year we want to increase them by 4 - 4.4%, “Labor Minister Rovana Plumb said Monday on the Daily Summaryshow onAntenna 3.

According to the minister, pensions would be raised by 4-4.5% and it sure to be done in September.  

"In September we will be able to clearly say whether the raises will beby  4% or 4.5%. We predict an increase of 4.4% from the discussions we had with the Minister of Finance, IoanaPetrescu.

Then we will know exactly how much they will raise, but they will raise", minister Plumb explained.

The raising of pensions depends on the inflation rate and the real growth of the salary earning in the economy, Rovana Plumb added.

The minister’s announcement comes after Rovana Plumb announced Monday that 234,000 retirees will receive higher pensions on average by  63 lei until the end of March, after applying the  correction and supplementation index scores for persons who retired after January 1, 2011. 

The recalculation of 200,000 pensions was decided by the government in December 18, 2013, by emergency ordinance, adopted by the Constitutional Court (CC) relating tothe  pensions of  2011 - January 2013. 

 Rovana Plumb said Monday that for people who retired after January 1, 2011,  the index correction was applied under the law, which provides a better correlation between earnings and pension received. 

Rovana Plumb said Monday that for  thepeople who retired after January 1, 2011,

Plumb specified  that by the end of March, all 234,000 retirees will receive pension the  difference in pensions payments for November and December 2013, the fiscal effort for the two months being of 23 million lei.

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