Romania’s New Govt Eyes Pension Point At 45% Of Gross Avg Wage – Designated PM

The new cabinet wants to ensure from the state budget a minimum guaranteed social pension, to complete the pension up to 350 lei (EUR1=RON3.9305) for all pensioners who earn below this sum, Boc added.

In this respect two principles will be abided by: the principles of one’s solidarity and one’s contribution.

Boc said the government will try to hike pensions depending on the financial resources existent in the state budget and the social insurance budget.

“When we talk of a pension hike of 20% or 30% or 10%, I think it’s natural to see how much the social insurance budget allows us to hike pensions, as this money is the result of our contribution to the pensions system,” Boc added.

He said he does not find it normal to apply the same hike for someone whose monthly pension reaches RON5,000 and for someone who earns a pension worth RON100.

“This is where we must show our solidarity: we will give an equal amount to everybody from what the social insurance system affords; we will take from the tax budget what the social insurance system does not afford, and we will have to split according to the solidarity principle – those who have a lower pension should receive a larger amount,” Boc said.