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Labor Minister: Time bomb ticking in Romanian pension system - deficit at 16.7 bln lei

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Minister of Labor and Social Protection Raluca Turcan says that there is a "time bomb" ticking in the Romanian pension system, which is currently running a deficit of 16.7 billion lei, and that there is the risk that the purchasing power of the average pension will very much erode in the future. "There is a serious amount of disinformation circulating in the public space (...). What is for certain is that under the and we have undertaken to reform this system, because it is fraught with inequalities that result in different retirement conditions depending on…

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