1. A NEW REGULATION OF PENSIONS IN ROMANIA.
- Author
-
ŢOP, Dan
- Subjects
GRANTS (Money) ,DISABILITY retirement ,PENSION laws ,RETIREMENT age ,PENSIONS ,PUBLIC pension trusts ,PENSION reform - Abstract
At the beginning of December 2023, Law no. 360/2023 regarding the public pension system. This law provides for the principle of insurance stability in the public pension system - according to which an additional number of points is granted for the contributory contribution period achieved over 25 contributory years. It also establishes three types of working conditions in which the activity of insured persons from the public pension system can be carried out: normal, difference and special. The new pension law expands the definition of assimilated periods. The period of granting the disability pension is no longer considered assimilated. Art. 46 para. 2 stipulates that persons insured in the public pension system who meet the conditions for registration to the pension can opt for maintaining the activity, annually, with the consent of the employer, until reaching the age of 70. The mechanism by which those who want to cover periods in which they did not contribute to pensions will continue to exist and will, in principle, have the same rules. The amount of the pension is determined according to art. 83 para. 1, by multiplying the total number of points achieved by the insured by the value of the reference point. the beneficiaries of the monetary rights granted by the territorial pension houses established on the territory of other states, hereinafter referred to as non-resident beneficiaries, have the obligation to transmit semi-annually, at the latest at on March 31, respectively until September 30 of each year, a life certificate. The recalculation decisions on the new pension law, communicated to pensioners already on August 16, a process that will continue until August 30, 2024, are based on provisions that will enter into force on September 1, 2024. [ABSTRACT FROM AUTHOR]
- Published
- 2025
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