Labor Minister Plumb announces 5 pct rise in pensions, 16 pct increase in disability benefits as of 2015 -
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News » October, 2014 » 14 October 2014

Labor Minister Plumb announces 5 pct rise in pensions, 16 pct increase in disability benefits as of 2015
14.10.2014, 09:13 | Finance-Banks | 604 views

Pensions will rise by 5 percent as of January 2015 and disability benefits will also grow by 16 percent, Labor Minister Rovana Plumb told a conference on private pensions this Monday.

The pension growth will exceed the percentage increase set forth by the law, which corresponds to inflation pegging plus 50 percent of the real growth in the gross nationwide average salary; the growth in disability benefits is connected to the rise in the consumer price index over the past six years, a period during which these payments have no longer been supplemented, explained Rovana Plumb.


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