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Labour Minister: Pension system's annual deficit EUR 2.3 bn

Author: Snježana Pezer

ZAGREB, July 10 (Hina) - During a debate on amendments to the Pension Insurance Act in parliament on Tuesday, Labour and Pension System Minister Marko Pavic explained the objectives of the announced pension reform and underscored that the deficit in the pension fund amounted to HRK 17 billion a year and that the reform of the system was intended to  ensure an increase in the current and future pension allowances.

(Hina) sp

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