Basescu: Pensions make up the largest public spending

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Public pensions are making up the largest category of public spending, President Traian Basescu told a joint session of Parliament on Tuesday evening.
‘The effort entailed is not generated only by a large number of retirees, and it also conceals many abuses, of which I would mention exorbitant pensions and fraudulent ones as well as part of infirmity pensions.
Keeping all these practices alive is affecting the pension system,’ said Basescu.

The President also suggested a series of measures that would help the system cope with the social and demographic trends, including reducing the number of retirees by increasing the average retirement age; bringing the retirement age for men and women at the same level, as well as unifying the public pension system.

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