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Romanian Pension Point To Increase To RON718.4 In April, RON732.8 In Oct

The Romanian government decided to increase the value of one pension point to RON718.4 from RON697.5 as of April 1, and to RON732.8 as of October 1, according to the 2009 social insurance budget draft.
Romanian Pension Point To Increase To RON718.4 In April, RON732.8 In Oct
31 ian. 2009, 19:42, English

"By derogation from the provisions of Law 19/2000, the value f one pension point is of RON718.4 as of April 1, 2009 and of RON732.8 as of October 1, 2009," according to the 2009 budget draft obtained by MEDIAFAX.

The average gross salary used to draft the 2009 social insurance budget is RON1,693.

Romanian Prime Minister Emil Boc said pensions will be increased by 5% this year, in two stages: 3% in April and 2% on October, while the minimum social pension will be of RON350, also in two stages, in May and October.

Labor minister Marian Sarbu said later the 5% increase in the pension point represents 43.2% of the gross average wage, compared to 45% set in the governing program.