Prime Minister Marcel Ciolacu announced on Tuesday how much pensions will increase and when Romanians can enjoy higher incomes.
“Regarding the pension law, we entered a more alert procedure, because it is not the first time that I announce, we would like to decouple. It is in the payment request number 4, so it was not a priority at the moment, but I would like it to be implemented as early as next year. (…)
Even if we have the law ready on January 1 and it is promulgated, it cannot be applied, because there is a whole system to implement. Some software simulations are already being done in the ministry.
We entered a dynamic and I believe that we have the capacity for a Romanian government to be efficient.(…)
It is normal that we sent a draft to the Commission, it is normal to receive feedback from the Commission. From here we will start the negotiations again, according to Antena 3.
How much pensions increase from January 1, 2024. The European Commission decides the coefficient
I think that this week I will also arrive in Brussels and I will have a discussion at the Commission. That’s how things work, there’s no secret.
I’m really glad that we still manage to decouple, it’s the Salary Law, the Pensions Law and the tax reform that was not passed by PSD or Ciolacu”, said Prime Minister Marcel Ciolacu.
The Prime Minister also spoke about the increase in pensioners’ income from January 1, 2024. According to him, account will first be taken of an increase of the pension in accordance with the inflation index, according to the legislation in force.
The government seems to have ended the discussion about increasing pensions. Minister Marcel Boloș said, on a TV station, that they will increase, next year, by 14% and that will involve an effort of 16 billion lei.
Read also: How to check how long you will have worked in retirement. See if you haven’t worked “in the dark” without knowing it
Marcel Boloş stated that the new increase could enter into force on January 1, 2024.
What does the 14% increase mean?
A number of 4,772,544 pensioners were registered at the end of March 2023 in Romania, with 3,214 people less compared to the previous month, and the average pension was 1,960 lei, according to the data centralized by the National Public Pension House (CNPP) .
Of the 4,772,544 registered pensioners, 681,369 have worked in agriculture, the average pension being 567 lei. Their pension would increase by only 85 lei and reach 665 lei.
Read also: Who are the Romanians who receive 30% more in retirement. The exact date they were born is known
Then, from the total number of pensioners in the public pension system, the number of those who retired at the age limit was 3,814,009 people, of which 2,193,980 were women, while the average pension was 2,184 lei. Thus, their pension would require the amount of 326 lei, reaching 2,511 lei.
Boloș did not say how he arrived at the 14% percentage
The government announces the amount by which pensions will increase in 2024. The increases will amount to 16 billion lei
Newsweek Romania wrote that on January 1st, the largest pension increase in Romania since 1989 would take place.
In the scenario at that time, the indexation percentage of the pension was close to the one mentioned by Boloș: 16%.
They will benefit from a 25-30% pension increase
The head of the National Pension House announced that the percentage of pension files that have been recalculated is 90%. Daniel Baciu hopes that, by the end of the year, all pensions will be recalculated.
Romanians born between April 1945 and September 1946 and who retired between September 2008 and July 2010.
Romanians born between May and September 1948 and who retired between October 2012 and March 2013.
Read also: By what percentage are pensions increasing from January 1st. The IMF has been informed. That’s twice the rate of inflation
Romanians born between October and December 1949 and who retired between September and November 2014
Romanians born between January and March 1950 and who retired between January and March 2015.
Romanians born between April and June 1946 and who retired between January and March 2010.
Pensioners must have a full contribution period between 32 and 34 years. These values take into account the contribution period and the insured’s age at retirement.
2023-10-26 22:47:00
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