Pensions and other social security rights

Working in Europe | Pension rights, Taxation/salaries | Romania
 

In Romania, all employees and employers have to contribute to the social and health insurance system, in order to become insured.

Therefore, regardless of their country of origin, citizens with a residence permit will benefit from all rights granted by Romanian legislation, regarding social security.

The loss and expiration of the right of residence on national territory ceases your insured status, together with all rights of insurance.

Contribution rates to the social security and health system are established annually, differentiated for employers and employees, and they are based on gross salary.

 

 

 

Thus, the percentages paid by any employee, hired with an employment contract, are

 

In order to benefit from all the advantages offered by the Romanian legislation, Romanian citizens and foreigners with permanent residence permit in Romania must meet certain legal conditions:

  • To have contributed for at least 15 years to the pension scheme;
  • Standard retirement age has to be 63 years for women and 65 for men;

 

 

Romanian pension scheme is based on a system with pension points.

There are five types of pensions in Romania: standard retirement (old age pension), early retirement, partial early retirement, disability and survivor’s pension.

Due to international agreements and conventions which Romania has established with other countries, all social security rights from the public sector can be transferred to the country in which citizens establish their residence or domicile, according to the principle of equal treatment.

Additional information on the public pension scheme can be found on the National House of Public Pensions website.

For more details on the pan-European pension fund- RESAVER which supports mobile researchers’ interests, click here.

Romanian pension scheme is based on 4 pillars:

Private pensions to supplement the income from the 3 pillars

 

 

 

 

 

 

 

Information provided by EURAXESS Romania