Labour Ministry: Only existing public pensions will be cut by 15 pct

The 15-percent cut in public pensions will apply only to the existing pensions and only when the Law concerning certain measures required to restore budget balance comes into force, the Ministry of Labour, Family Affairs and Social Security (MMFPS) reports in a press release.

The new public pensions to be paid after the coming into force of the law will be computed against a reference computation point of RON 622.9, without further cuts for the time the law stays in effect, reads the release.

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