News » March, 2011 » 3 March 2011
Romanian Public Pension System Unsustainable Unless Occupancy Rate Increases - Labor Min
03.03.2011, 13:24 | Finance-Banks | 984 views
Romanian Labor Minister Ioan Botis said Thursday that Romania's job occupancy rate has been 58% for the past 10-15 years and, unless it climbs to 64-65%, the state will be unable to pay pensions. Speaking in the conference Mediafax Talks about Private Pensions, Botis said, in such a situation, the only solution is raising the legal age of retirement. Read more on Mediafax.ro
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