In Romania, the minimum retirement contribution period is currently 15 years for both women and men. Those who have not worked for 15 years will face an unpleasant surprise. To qualify for an old-age pension in Romania, certain conditions must be met. These include reaching retirement age and having at least 15 years of contributions.
Retirement Age
As of January 1, 2024, the standard retirement age for women was 62. However, according to a draft law, this threshold will gradually increase to 63 by January 2030. For men, the standard retirement age is 65.
Minimum Pension
The minimum threshold for receiving a pension is 15 years of work, for which individuals will receive a monthly amount of RON 1,281. If a pensioner has worked for 15 years but does not reach the RON 1,281 pension, the state will pay the difference up to this amount, according to b1tv.ro.
The minimum retirement contribution period in Romania is 15 years for both women and men.
The standard retirement age for women is currently 62 but will gradually increase to 63 by 2030.
The standard retirement age for men is 65.
The minimum pension for those who have worked 15 years is RON 1,281 per month.
If a pensioner's contribution reaches 15 years but their pension is less than RON 1,281, the state will make up the difference.
It is important to note that these are just the basic requirements for receiving a pension in Romania. There are other factors that can affect the amount of a person's pension, such as their salary history and whether they have worked in any occupations with special pension provisions. Individuals should contact the Romanian social security agency for more personalized information about their pension eligibility and benefits.
Source: Info Financiar
Comments