Romania’s Ruling Party Lawmakers To Amend Pension Law In Parliament

„Since 1990, no one has had the guts to adopt unitary law on pensions and salaries in the public sector, which are two very unpopular laws,” Oltean said during a debate.

„These laws aren’t perfect, but they are an important first step. There will be a very important debate in Parliament. The Government drafted these laws under the pressure of time. The Parliament is also under pressure, because the pension law must be adopted by June,” Oltean said.

The Government approved mid-February a draft law reforming the country’s public pension system and called on the Parliament to debate and enact it with urgency.

Under the new pension law, special pensions, such as those of lawmakers, military, law enforcement and intelligence services staff, will be recalculated according to contributions, which means they will be reduced. Prime Minister Emil Boc said the recalculation of special pensions would generate savings of EUR500 million to EUR800 million.

The International Monetary Fund, which is lending Romania EUR13 million under a two-year stand-by agreement, has requested the pension law be adopted in June this year at the latest.