Romania is among the few countries in Europe and the world where women retire faster than men, but this will not last much longer. The head of the Pension House provided clarifications on the plan to equalize the retirement age between the sexes.
In recent years, the retirement age for women in Romania has gradually increased, by a few months per year. Now, for those with full service, the retirement age is 61 years and 9 months, but from next year it will be 62 and will gradually rise to 65 over the next decade.
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The reform of the pension system comes with the increase of the retirement age
The increase in the retirement age in Romania will happen gradually. By 2030 it will reach 63 years, and between 2030 and 2035 it will jump to 65 years. After 2035, the retirement age will be the same for women and men in our country. The good part is that it will stagger the equalization process and that way the blow will be less.
“The novelty is that practically the equalization is done gradually, staggered and I want to tell you that even in the current law this increase in the retirement age for women to 63 is staggered until 2030, and then from 2030 to 2035 and equalizing up to 65 years with the retirement age of men. So this will happen slowly. Practically, in 2035 this equalization of the retirement age between women and men will be done”, said Daniel Baciu for Romania TV.
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Mothers will retire earlier in Romania
Because pension law has always been dominated by exceptions to the rule, the new law won’t be any more special either. Thus, Romanian mothers will be able to retire earlier.
“Mothers who have given birth to several children benefit from a reduction of the retirement age by up to 3 and a half years. for each child born, a six-month discount is granted, the maximum discount being 3 years and 6 months”, explains the head of the Pension House.
To benefit from the lowering of the retirement age, a mother must give birth to or adopt a child to raise until the age of 16. Beyond that, the rules are as follows to retire faster. For one child, the retirement age decreases by 6 months, with two children we are talking about one year, with three children, the value increases to one year and six months. For four children it is two years, for five children it jumps to two years and six months. When you have had or adopted six children whom you have raised up to the age of six, you retire three years earlier. In the case of seven children or more, we are talking about three years and six months.