Pension increases of 700 lei. Who gets the amount

This week, the National Pension House sends the first documents to the Romanian Post Office. However, they will reach the elderly only in a month.

Recalculation decisions

The recalculation decisions will contain the identification data of the elderly, information about the contribution period, but also the pension category.

“As a new element in letter C, we have the number of stability points that are granted to pensioners who have contributed for more than 25 years. Information follows regarding the value of the reference point which will be 81 lei, in letter F we have the new amount of the pension which will be on September 1”, said Marius Stanciu, State Secretary of the Ministry of Labour.

Over 99% of the pension files have already been recalculated. The decisions are printed at the Romanian Post Office and will be distributed between August 15 and 31.

“Here we also have the envelope on which the postmen in about a month will bring the decisions to all pensioners in Romania”, said Marius Stanciu, State Secretary of the Ministry of Labour.

The new Pension Law comes with a new calculation formula, based on the duration of the contribution. Markups can be over 80%. A pensioner who worked for 35 years as a salesman on a minimum wage in the economy and now receives the minimum allowance of 1,281 lei will receive almost 700 lei more, according to the Ministry of Labor. However, pensioners do not expect such large increases.

On September 1, the second recalculation begins

If the recalculation results in a lower pension, the elderly person will remain with the current income. The second recalculation begins on September 1. Increments, premiums, bonuses and overtime will be taken into account in the pension.

The elderly must prove it with a certificate from the former workplace. The documents can be obtained from the National Archives or, if the company has been dissolved, from private companies that have taken over the personnel files. The second recalculation of pensioners’ incomes will be done by March 31, 2025.

“And here the government comes and finances by borrowing. When the decrees are retired, then the public pension system will have a big problem”, said Adrian Codîrlaşu, CFA vice-president. Mothers will retire 6 months earlier for each child born or adopted, respectively observatornews.ro.