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Romanian Court Rejects Challenges to Pension Law

Romania’s Constitutional Court rejected opposition challenges to changes to the pension system, which the government approved to meet the terms of an international bailout loan.

The court’s nine judges, who in June rejected a government plan to cut pensions, today decided that raising the retirement age to 65 for both men and women and future inflation-tied pensions are constitutional. President Traian Basescu has to sign off on the law before it can be implemented.