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The Minister of Finance, Marcel Boloş, made the official announcement about what will happen to pensions from January 1, 2025, according to the new legislative provisions.
The minister declared after the government meeting that the law in force states very clearly that pensions are indexed to the inflation rate and, for now, this law is the basis on which the 2025 budget will be drawn up.
13.8% of pensions will increase
Thus, 13.8% of pensions will increase as of January 1, 2025. This comes as a result of an indexation with the inflation rate, applied at a rate of 100%. Also from this date, the 3.8 million pensions that increased during the recalculation will also be indexed.
“13.8% will increase over four months on January 1, 2025, when the first indexation of the reference point value will take place, according to the law.
Also from January 1, 2025, the 3.8 million pensions that increased during the recalculation will be indexed. Only 4.4% of the pensions remain, which will have the same value after the indexation from January 1. They will have the same value because today their level is above the contributions paid compared to the other pensioners.
The 4.4% of the pensions will remain at the same value until they catch up with the other pensions that had the same contributory base, but were lower in value”, stated the Minister of Labor, Simona Bucura Oprescu, according to romaniatv.net .
Another additional increase in pensioners’ income
It should be mentioned that, in addition to indexation with the inflation rate, 50% of the economic growth will also be taken into account, which will mean an additional increase in pensioners’ incomes, including those who benefited from the recalculations of September 2024.
According to the latest estimates, inflation this year will be around 6%. The average gross salary increase could be 4% and thus the pension indexation would be 6% (inflation) + 2% = 8%. Currently, the average pension is estimated at 2,600 lei.
For example, for an average pension of 2,600 lei, on January 1, 2025, the pension would increase by a little over 200 lei.
The bad news is that after January 2025, there will be no further pension increases next year.
In addition, according to data from the Ministry of Labor, approximately 200,000 Romanians will remain with frozen pensions, their incomes not being affected by indexation.
The Minister of Finance was asked if there will be money for the payment of inflation-indexed pensions in January. “I believe that month by month, including October, November, December, the funds necessary for the recalculation of pensions as you know were secured and there was no problem in any way that these rights that the pensioners acquired would not be paid on time”, said the minister, appropriately g4media.ro.
Boloş stated, regarding pension indexation, that they have not yet started working on the 2025 budget. “Let’s discuss at that time, when we will work on the 2025 budget.
For such measures, the law in force says very clearly that pensions are indexed to the inflation rate, and for now this law is the one on the basis of which the budget for 2025 will be drawn up”, said Boloş.
Source: www.doctorulzilei.ro
