Every person working in Romania will have to retire at age 65 at the latest, Romanina Labour Minister Marius Budai announced Monday following his return from EU recovery plan discussions in Brussels.
Budai attended a series of meetings last week to discuss reforms relating to the national recovery plan.
The minister explained there should be no distinctions between those working in different systems and those in the public pension system.
The pension entitlement will be calculated by gradually increasing the contribution period – an approach that ensures “reporting is done for the entire period, without selecting specific periods from the contributions made”, Budai explained.
Discussions in Brussels also led to eliminating certain categories of allowances and pensions established and paid based on special laws.
The assimilation of periods will no longer be allowed, meaning that certain professions, such as magistrates, can no longer count their years of service towards retirement eligibility unless they have served at least 20 years in the magistracy.
In Romania, the standard retirement age for women is 61 years and nine months and will increase gradually to 63 years by January 2030. For men, the standard retirement age is 65.
Persons who have completed the full contribution period are entitled to an old-age pension at the reduced standard age if they have completed contribution periods in working conditions other than normal conditions.
Some of the proposed amendments have already been presented to Prime Minister Nicolae Ciucă and PSD leader Marcel Ciolacu on Monday.
All the amendments should be done by Wednesday evening, so the coalition can submit them to parliament on Thursday.
(Cătălina Mihai | EURACTIV.ro)
Read more with EURACTIV
Franco-German friendship meeting overshadowed by nuclear divide
Source: euractiv.com
