14:27, 12 Feb. 2025
Prime Minister Emil Boc said Tuesday the government will put the IMF-required pension law on the fast track and will enact it by asking for a confidence vote in Parliament.
The government has pledged to reform its public pension system by December under an IMF-led EUR19.95 billion financial rescue package.
The draft law has been approved by the government and will be sent to Parliament for a confidence vote.
Boc said the draft law sets women shall retire at 65, same as men, as of 2030. Retirement age for women will be increased by three months each year starting 2015, to reach 65 in 2030. Under the current public pension system, the average retirement age is 63.8 for men and 58.9 for women.
The same retirement age standard will be gradually applied to staff in the military, police and intelligence services, the judiciary and lawmakers, which currently benefit from early retirement ages and special, higher pensions.
All special pensions will be integrated in the public system and will be recalculated depending on people’s contributions.
The new law will also include contributions to the public pension system from liberal professions.