Romania Court Rules for an IMF-Backed Pension Law
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Romania’s Constitutional Court ruled in favor of an International Monetary Fund-backed pension law that is mandatory for the country to win another disbursement of its bailout loan.
The nine judges of the court unanimously said the law, which sets the retirement age at 63 years for women and 65 years for men, is constitutional, rejecting challenges from the opposition, said Acsinte Gaspar, one of the court’s judges, by phone today. The president must now sign the law for it to become active.