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A pension (/ ˈ p ɛ n ʃ ən /; from Latin pensiō 'payment') is a fund into which amounts are paid regularly during an individual's working career, and from which periodic payments are made to support the person's retirement from work.
The first evidence of pension payments comes from the Roman Empire in the 1st century BC, but beginnings of private pensions go back to the 19th century. The first private pension plan in the USA was created in 1875 by the American Express Co. [1]
2007 – BCR Administrare Fond de Pensii enters the Romanian market; 2008 – Banca Comercială Română sells its insurance operations to Vienna Insurance Group; 2008 – BCR Banca pentru Locuinte enters the Romanian market; 2009 – BCR adopts a Medium Term Notes (MTN) issuing program – with a total value of EUR 3 billion.
1 January: . The minimum gross pay increases from 2,550 Romanian lei to 3,000 Romanian lei, while the minimum wage in construction is increased from 3,000 lei to 4,000 lei.
Retirement age in Europe Country Men Women Year Notes References Albania: 65 61 2020 [1]Austria: 65 60 2018 In Austria the retirement age for women is to be equalized to the retirement age for men (65) by 2033.
Iași (UK: / ˈ j æ ʃ j / YASH-(y), [6] US: / ˈ j ɑː ʃ (i)/ YAHSH(-ee), [7] [8] Romanian: ⓘ; also known by other alternative names), also referred to mostly historically as Jassy [9] [10] (UK: / ˈ j æ s i / YASS-ee, [11] US: / ˈ j ɑː s i / YAH-see [8] [12]), is the third largest city in Romania and the seat of Iași County.
Romania [a] is a country located at the crossroads of Central, Eastern and Southeast Europe.It borders Ukraine to the north and east, Hungary to the west, Serbia to the southwest, Bulgaria to the south, Moldova to the east, and the Black Sea to the southeast.
Bucharest (UK: / ˌ b uː k ə ˈ r ɛ s t / ⓘ BOO-kə-REST, US: / ˈ b uː k ə r ɛ s t /-rest; Romanian: București [bukuˈreʃtʲ] ⓘ) is the capital and largest city of Romania.The metropolis stands on the River Dâmbovița in south-eastern Romania.