Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. The average monthly pension increased  by 0.4% in...

The average monthly pension increased  by 0.4% in Q2; the average number of pensioners reached 4,971 milion

October 14, 2024

The average monthly pension in Romania was 2,427 lei in Q2 2024, up 0.4% compared to the previous quarter, while the average number of pensioners remained 4,971 million, according to published data on Friday by the National Institute for Statistics (INS).   According to official statistis, between April and June 2024, the average state social insurance pension reached 2,292 lei, and the ratio between the average net nominal state social insurance pension for old age with full contribution period (without tax and contributions of social health insurance) and the average net salary was 50.4% compared to 52.4%in the first three months of the year. Compared to the Q2 of the previous year, the average number of pensioners decreased by 7,000 people and that of the category belonging to state social insurance increased by 1,000 people. At the same time, the average monthly pension and the average state social insurance pesion increased, from one year to the next, by 15.1% and 14.3% respectively.   INS data reveals that, compared to the period January - March 2024, in the next three months the average number of pensioners decreased by 6,000, down to 4,971 million and the average number of state social insurance pensioners decreased by 3,000. The average monthly pension reached during the analysed period, 2,427 lei, 0.4% higher than the previous quarter.   At the level of Q2 2024, social security pensioners held the majority share (99.98%)in the total number of pensioners, while state social security pensioners while state social security pensioners represented 92.5% of the total number of social security pensioners.   By pension category, among social insurance pensioners, the number of those who retired due to age limit was predominant (80.2%)followed by pensioners with survivor's pensions (9.7%) and pensioners with disability pensions (8%).   At the same time, in the category of social insurance pensioners,  the lowest shares were those with partial early pensions (2%) and pensioners with early pensions (0.1%).   The ratio between the average number of state social insurance pensioners and that of employees was 8 to 10, with significant variations in the territorial profile, from only four pensioners to ten employees in Bucharest and Ilfov county, to 14 pensioners to 10 employees in Vaslui county, respectively 15 pensioners to 10 employees in Teleorman county.   The average state social insurance pension varied with significant discrepancies in the territorial profile, the difference between the minimum and maximum amount being 1,243 lei (1,811 lei in Botosani county, 1,826 lei in Vrancea county, 1,829 lei in Giurgiu county compared to 3.054 lei in Hunedoara county, 2,910 lei in Bucharest and 2,744 lei  in Gorj county).   According to the quoted source, the total number of beneficiaries of the provisions of GEOno6/2009 regarding the establishment of the minimum guaranteed social pension (currently social allowance) in Q2 2024, was 1,140 milion people, out of whom: 1,039 million from state social insurance system (22.6% of the total number of pensioners in this category), 96,600 - pensioners from former system of farmers (65.2% of the total) and 3,700 - the military system ( 1.7% of the total).  

Read in full - click here
Romanian film review – European Film Festival. A Selection: Lovers, Pranksters, and Ghosts

It's almost impossible to think about anything not related to elections this weekend but if you should need some distraction, there are options. Happening now is the European Film Festival, screening recent productions from the continent, very varied in theme, tone, and genre. The fest is playing Bucharest, Sfântu Gheorghe and Timișoara until Sunday and […]

Modernization work begins at Bucharest’s Henri Coandă Airport terminals in EUR 22 mln investment

Modernization work is ready to start at Bucharest’s Henri Coandă International Airport, also known as the Otopeni Airport, following an investment of over RON 112.4 million (some EUR 22 million) led by the National Company Bucharest Airports (CNAB), news agency Agerpres reported.  The company...

Paris Hilton sends message to Romanian fans ahead of festival in Craiova

Paris Hilton, who will be present at IntenCity Craiova, a festival organized this summer between June 26–29, sent a message to her fans in Romania. "I'm excited to perform at the IntenCity Festival on June 28. It's going to be so much fun! See you there," Paris Hilton told those who will come to Craiova. […]

SeeYou app connects visually impaired individuals with volunteer guides in Romania

AMAIS (Association for Alternative Methods of Social Integration) has officially launched the SeeYou mobile app, an innovative platform that connects visually impaired individuals with volunteer guides who can accompany them during everyday activities - from medical appointments or shopping to park strolls or cultural events.  SeeYou is the first mobile app of its kind in […]

Romanian investment management company lists new ETF to track BET index

SAI Broker, a Romanian investment management company part of BRK Financial Group, listed a new ETF on the Regulated Market of the Bucharest Stock Exchange (BVB) on May 16, under the stock symbol BKBETETF. The ETF aims to fully replicate the structure of the main index, BET. The BET index reflects the evolution of the […]

Romania’s Port of Constanța to receive EUR 254 million investment

An investment of over RON 1.26 billion, approximately EUR 254 million, is set to be made in the Port of Constanța, to increase maritime transport capacity and the volume of commercial exchanges. The funds will be used for the construction of a quay and the development of a port area covering 550,000 square meters. The […]