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Pension systems in Romania and Moldova undergo legislative and statistical shifts
Romania and Moldova are seeing various developments regarding pension systems and social benefits. In Romania, data from Eurostat and the OECD indicate that life expectancy after retirement is below the EU average, with men estimated to live approximately 16 years and women 19.1 years post-retirement.
Legislative changes in Romania include the introduction of new investment accounts (CEI-S and CEI-D) to allow citizens to save for retirement through stocks and bonds. Additionally, the retirement contribution period for women is set to increase gradually until 2035 to align with men's requirements. New laws also aim to count maternity and paternity leave toward pension contribution periods, and starting in 2027, pension slips will feature QR codes to facilitate transport discounts.
The National House of Public Pensions (CNPP) has addressed audit findings from the Court of Accounts, clarifying that statistical extrapolations regarding incorrectly calculated pensions do not necessarily mean every individual case is erroneous.
In Moldova, discussions continue regarding how official income and social contributions impact final pension amounts, emphasizing that the number of years worked is not the sole determining factor.
Entities
Court of Accounts · European Union · Eurostat · National Agency for Payments and Social Inspection · National House of Public Pensions · National Social Security Administration · OECD · Republic of Moldova · Romania · Romanian Parliament