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Prime Minister Ludovic Orban said on Thursday night that he is considering raising pensions by 40% from September 1. The chief executive says it depends on how fast Romania gets rid of the epidemic. The law provides for a 40% increase in the pension point from September 1, 2020.
Orban, about increasing pensions by 40% from September 1: we are under analysis
“For now, there are laws in force. As we have always said, the construction of the budget provided the necessary amounts for the growth of pensions, but obviously based on forecasts, analyzes, evaluations regarding the evolution of the economy, we will make the decision to that any type of growth of any income, pension or other income (…) We are under analysis. (…) The law is applicable as of September 1. We will make a decision for that date. (…) We will most likely have negative economic growth, between minus 1 and minus 3%. It depends on how quickly we get rid of the epidemic, “Ludovic Orban told TVR 1 on Thursday night.
The law provides for a 40% increase in the pension point from September 1, 2020.
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