Monday, January 24, 2011

AP: Court in Romania rules against army pension cuts

BUCHAREST, ROMANIA

Romania's high court has ruled that army pensions cannot be cut by authorities as planned.

The court said Friday that pensions are considered property and cannot be reduced. Thousands of army retirees accuse authorities of slashing some pensions in half, calling the cuts illegal and humiliating.

Authorities say only top level pensions will be cut.

Romania's government introduced legislation to recalculate pensions, saying it would bring equity to the system in the recession-mired country.

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