Increase in annual budget for special pensions in Romania reaches 16% over last year, amounting to €340 million in 2024.
According to data from the National House of Public Pensions (CNPP) and reported by Economica.net, the total cost of service pensions to the state budget in 2024 was RON 2.2 billion. This represents an increase of over 22% compared to 2023.
Most of the service pension recipients in 2024 were magistrates, clerks, pilots, and parliamentarians. In total, over 11,000 civilians received a service pension on average per month in 2024, with the number of recipients being over 1,000 more than in 2023.
RON 1.7 billion of the 2024 service pension cost came from the central government budget, while RON 545 million came from the public pension system. The special laws regulating these pensions allowed for the state budget to cover the difference between the actual and entitled pension amounts in 2024. This difference amounted to RON 542 million.
Police officers, judges, and military personnel were the particularly affected professional groups by the increases in special pensions in 2024, costing more than one billion RON to the state budget and the state social insurance budget.
It is worth noting that civilians were entitled to pensions based on their contributions in an amount of RON 542 million in 2024. However, the average monthly service pension cost per recipient in 2024 was not specified in the report.
Overall, the increase in service pension costs in 2024 highlights the need for careful budgeting and consideration of the long-term financial implications of these benefits. As the number of service pension recipients continues to grow, it is important for policymakers to carefully assess the sustainability of the current system and consider potential reforms to ensure its long-term viability.
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