According to the government, these measures are necessary and mandatory given the high number of retirees and the decreasing number of active people. A recent demographic analysis carried out by the European Commission observes that Romania’s population is getting older and consequently the number of subscribers to the public pension fund is dropping each month. Another measure to safeguard the public pension fund, provides that the minimum subscription period in the pension system will increase from 10 years to 15 years. This reform will be implemented gradually and will be completed in 2014.
lysis carried out by the European Commission observes that Romania’s population is getting older and consequently the number of subscribers to the public pension fund is dropping each month. Another measure to safeguard the public pension fund, provides that the minimum subscription period in the pension system will increase from 10 years to 15 years. This reform will be implemented gradually and will be completed in 2014.
Introducing a pay-as-you-go system. The pension reform, started a few yea
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