Highlights of the report
-The ratio of workers to pensioners in the public pension system is currently 1:1. If considered pensioners in special categories, such as farmers (which are not included in the public system in terms of contribution), the workers-to-pensioner ratio is 1:1.2. “It is obvious that the risks are huge, especially because since then (2008), the problems have escalated”;
-The socio-demographic processes that affected Romania over the past two decays (aging and reduction of population) are turning the pension system management issue into the most challenging duty of the social protection system in Romania;
-Romania is dealing with increased pressures driven by the late introduction of the private pension plan that was put in place at an “inordinately” long delay.
-“(the public pension system in) Romania is dealing with one of the most severe situations among all EU countries, and the pension plan will be the milestone for the governments to come”;
-The number of invalidity pensioners increased by a whopping 430% during 1990-2008, and most of the times by fraud.”It’s like the population of Romania suffer from mass illness or incapacity”;
-“The coverage of public pension system is narrow for the generations of pensioners to come. Currently, more than half of the active population is secured to receive pensions”.
- The paper suggests the increase in real retirement age and the introduction of a gender bias-free retirement age.
-The socio-demographic processes that affected Romania over the past two decays (aging and reduction of population) are turning the pension system management issue into the most challenging duty of the social protection system in Romania;
-Romania is dealing with increased pressures driven by the late introduction of the private pension plan that was put in place at an “inordinately” long delay.
-“(the public pension system in) Romania is dealing with one of the most severe situations among all EU countries, and the pension plan will be the milestone for the governments to come”;
-The number of invalidity pensioners increased by a whopping 430% during 1990-2008, and most of the times by fraud.”It’s like the population of Romania suffer from mass illness or incapacity”;
-“The coverage of public pension system is narrow for the generations of pensioners to come. Currently, more than half of the active population is secured to receive pensions”.
- The paper suggests the increase in real retirement age and the introduction of a gender bias-free retirement age.