AcasăRomania & Moldova NewsDraft law on service pensions to be submitted to Parliament for approval,...

Draft law on service pensions to be submitted to Parliament for approval, starting February

Published on

The Ministry of Labor and Social Solidarity (MMSS) submitted to the Government for approval the draft Law on service pensions, which will be submitted to Parliament for approval once the debates begin, from February 1, 2023, the relevant minister, Marius Budai, announced, according to Agerpres.

He emphasized that the main lines are primarily aimed at the adjustment by reducing expenses with pensions and allowances established and paid on the basis of special laws, namely the six categories of laws, two in the field of justice and those aimed at transport companies crew staff, the Court of Accounts, diplomats and military pensions. The reduction of expenses will be done, according to the minister, by adjusting the calculation percentage from 80% to 65% in most cases, with the exception of magistrates, who have the protection of the decision of the Constitutional Court.

He added that those incomes that are not permanent will no longer be taken into account in the income calculation base, such as bonuses or earnings of salary rights „that were granted in the last month” of the year. At the same time, when calculating the pension, not only the last month is taken into account, but a period of 12 months, in the case of magistrates, from the last 10 years, and also 12 months for the military system, from the last 5 years.

According to a press release from the MMSS, the amendments adopted by the draft law establish the fact that service pensions will be calculated starting from seniority in the specialty and with the reduction of the calculation percentage related to the income obtained, and the minimum contribution period will be similar to that applied in the system public pensions. Thus, no service pension will be able to exceed the salary received during the active period, and the pensions that are already paid will be recalculated to comply with the new principle and to eliminate inequities between the beneficiaries who are already paid and the future pensioners.

Agerpres

Latest articles

Romania’s registered unemployment rate rises to 3.14 pct as of end-March 2024

Romania's registered unemployment rate as of end-March 2024 was 3.14 percent, up from 3.06...

Romania reaches 80 athletes qualified for Paris 2024, after Ebru Bolat secures ticket

Romania's delegation for the Olympic Games Paris 2024 (July 26-August 11) has reached 80...

Budget deficit, up to 2.06% of GDP, after first trimester

The budget deficit rose to 2.06% of the Gross Domestic Product after the first...

Mechanism regarding the European minimum wage starts on July 1, PM Ciolacu says

The mechanism regarding the implementation of the European minimum wage will start from July...

More like this

Romania’s registered unemployment rate rises to 3.14 pct as of end-March 2024

Romania's registered unemployment rate as of end-March 2024 was 3.14 percent, up from 3.06...

Romania reaches 80 athletes qualified for Paris 2024, after Ebru Bolat secures ticket

Romania's delegation for the Olympic Games Paris 2024 (July 26-August 11) has reached 80...

Budget deficit, up to 2.06% of GDP, after first trimester

The budget deficit rose to 2.06% of the Gross Domestic Product after the first...