DRAFT LAW FOR THE MODIFICATION AND THE COMPLETION OF THE LAW NO. 263/2010 REGARDING THE UNIFIED PUBLIC PENSION SYSTEM.

The main modifications and completions proposed by the draft law regarding the Law no. 263/2010 with respect to the unified public pension system are:

  • The legal retirement age shall be of 65 years for men 60 years for women. For now, the legal retirement age is of 65 years for men and 63 years for women.
  • The complete contribution period shall be of 30 years for women and 35 years for men, instead of the actual level which is of 35 years regardless of the sex of the employee.
  • The amount of the partial early retirement pension shall be established from the amount of the age limit retirement pension which would have been due, by the reduction of 0,5%, to each month of anticipation, until the accomplishment of the conditions for obtaining the age limit retirement pension. For now the reduction of the age limit retirement pension is of 0,75% for each month of anticipation.
  • The pension point value is established annually by the Law of state social insurance budget and cannot be lower than 45% of the average gross annual wage used at the grounding of the state social insurance budget predicted for the following year.
    By the current regulation the pension point value is increased annually with 100% of the average annual inflation rate plus 50% of the real growth of the average gross earning
  • The public pension pensioners whose pension rights have been established in accordance with the legislation prior to 01.04.2001, who developed activities in places of group I underground and / or special conditions after this date shall benefit of a 100% increase of the annual scores achieved in these.


Issuer: the Parliament of Romania