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What is the average pension in Romania? In June 2024, 4,745,651 pensioners were registered in Romania, 1,953 less than the previous month. The average pension was 2,250 lei, according to data published by the National Public Pension House (CNPP).
The total value of pension rights reached 10.677 billion lei.
Of these pensioners, 626,017 worked in agriculture, having an average pension of 635 lei.
The average pension in Romania
CNPP statistics indicate that among the pensioners in the public pension system, 3,811,057 were retired at the age limit, with an average pension of 2,508 lei. Of these, 2,187,806 were women.
In June 2024, early retirement was granted to 4,655 people, with an average pension of 3,152 lei, and partial early retirement was granted to 87,097 people, with an average pension of 2,295 lei. The disability pension was received by 392,470 people, with an average pension of 953 lei; of these, 44,961 had the first degree of disability and received an average pension of 822 lei.
The survivor’s pension was granted to 450,250 people, with an average pension of 1,178 lei, and social benefits were received by 113 pensioners, with an average of 539 lei.
Recalculation of pensions
Starting from September 1, 2024, pensioners will start receiving recalculated pensions, according to the new pension law. The purpose of this recalculation is to adjust pensions according to the contribution period and the points obtained throughout the working life.
Significant increases for long tenures: Daniel Baciu, the head of the CNPP, said that pensioners with more than 40 years of service will benefit from the biggest increases. This is a major development, given that pensioners who have contributed for a long time will see significant increases in their pension, particularly if they have contributed on a minimum wage basis. Increases can even be 100% for them, thanks to stability points, a bonus introduced by the new pension law.
Stability points: These points are intended to encourage continued activity and ensure a sustainable pension system. Stability points are awarded for each additional year of work and are calculated as follows:
- 0.50 points/year for 26–30 years of work,
- 0.75 points/year for 31–35 years of work,
- 1 point/year for 36–40 years of work and more.
Pension calculation: The pension is calculated according to the formula: VPR x Total number of points, where VPR (reference point value) is 81 lei. The total number of points includes contribution points, stability points and points for assimilated and non-contributory periods (eg years spent in the military, unemployment or education).
In conclusion, starting this fall, retirees will see a significant adjustment in their pensions, especially those with longer contributions, benefiting from such substantial increases in accordance with the new regulations.
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Source: www.doctorulzilei.ro
