A Romanian who has contributed to the public pension system for 35 years receives less than half of the amount after retirement. Employees contribute 20% of salary to the state pension system, and the maximum contribution period is 35 years, while the usual pension amounts to less than 50% of monthly income.
According to the economist Adrian Codîrlașu, Romanians receive a pension, on average, only 12 years after they leave work. This means that they do not get to receive back from the state, in the form of a pension, everything they contributed, each Romanian contributing 21.25% of their salary to the pension.
If we take the example of a minimum wage per economy of 3,000 lei gross, we can say that 595 lei go to the public pension system every month, and after 35 years of work, if the salary remains the same, a Romanian would receive a pension of approximately 1,260 lei.
Romanians who contribute for 35 years, as long as the contribution period is, manage to transfer approximately 50,000 euros to the state budget.
However, after leaving the activity, a Romanian manages to collect only about 30,000 euros in the form of a state pension.
This means that 20,000 euros is money that remains with the state, with the public pension system, and is redistributed.
Economists, quoted by Antena 3, say that this happens because the pension system is ineffective.
