Tag: pension-system

Greek workers call one-day strike May 20

Filed in Bank Gold, euro, gld, Gold by on May 12, 2010 0 Comments

Reuters Wednesday, May 12, 2010 ATHENS, May 12 (Reuters) – Greek workers on Wednesday called a 24-hour general strike for May 20, the latest in a series of protests against planned pension cuts linked to an international 110-billion-euro ($139.7 billion) bailout for Greece. Public and private sector unions had initially called a strike for May 19, but decided later on Wednesday to move the walkout a day later, saying they did not want to hinder national university entry tests on the same day. (ARTICLE CONTINUES BELOW) Unionists have vowed to stop the pension reform, a key condition in a financial rescue plan for Greece agreed last week with the euro zone and the International Monetary Fund (IMF). The country’s socialist government unveiled a draft law on Monday that raises the average retirement age and pares back benefits to plug the pension system’s ballooning deficits. Full story here.

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NJ Assembly Holds Bill to Ban Part-Time Pension

Filed in Gold Holdings by on March 22, 2010 0 Comments

New Jersey’s Assembly postponedvoting on a measure to ban part-time workers from the state’s$67.3 billion pension system, according to Assembly membersNellie Pou, John Burzichelli and Reed Gusciora. The vote will be delayed until at least May, Pou s NJ Assembly Holds Bill to Ban Part-Time Pension

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Romania govt to OK IMF-required pension reform in Feb

Filed in Gold Investing by on January 24, 2010 0 Comments

BUCHAREST, Jan 24 – Romania’s centrist coalition government will send a bill that streamlines its bloated pension system to parliament for approval on Feb. 3, key to unlocking international aid, Prime Minister Emil Boc said on Sunday. A fiscal res Romania govt to OK IMF-required pension reform in Feb

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