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flag Romania finalizes pension reform to secure €230M EU funds by Nov. 28 deadline.

flag Romania’s government, led by Prime Minister Ilie Bolojan, is finalizing a revised magistrates’ pension reform to meet a November 28 EU deadline for €230 million in recovery funds. flag The new proposal maintains a 70% pension replacement rate and a 10-year transition to raise the retirement age, aiming to address criticism that current benefits exceed average wages and allow early retirement. flag Though direct talks with judicial bodies are ending, magistrates’ associations must quickly provide input to allow swift parliamentary passage. flag President Nicușor Dan insists pensions must be reduced relative to salaries, calling the system unsustainable, and notes the EU deadline allows some flexibility if legislative steps are managed strategically. flag Coalition leaders are meeting to approve the reform, with a revised bill expected by early next week to avoid financial penalties and ensure progress amid ongoing political and economic challenges.

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