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

September 17, 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
THAIco SPA Romania to invest EUR 3.5 mln in new wellness centers this year

THAIco SPA, a leader in the Romanian luxury SPA services market, has launched its fourth location following an investment of over EUR 600,000 and has two other openings planned for this year. The total estimated investment for 2024 exceeds EUR 3.5 million. The new wellness center is located in the northern area of Bucharest. At […]

Two-thirds of Romanians see immigrants as helping the economy, survey shows

A recent poll by INSCOP Research shows that two-thirds of Romanians see immigrants more as an opportunity for Romania because they help the economy by taking jobs not done by locals.  Young people, those with higher and medium education levels, as well as residents of Bucharest, are more favorable toward immigrants than the average population. […]

Bucharest Gaming Week returns with hybrid edition in October

Bucharest Gaming Week, the event that brings together gamers and the newest and most popular games of the moment, will take place for nine days, between October 5 and 13, in a hybrid format. The Palace of Parliament hosts the central event of the eighth edition on October 12-13. In three of the Parliament's impressive […]

Romania’s Palace of Parliament mulls extra security filters after fire incident

The president of Romania’s lower legislative chamber, Daniel Suciu, recently proposed extra security checks at the entrance to the Palace of the Parliament. His statements come after a man set fire to a store in the tourist area of the building, which is situated before the existing security filters. Between 200,000 and 240,000 people visit the Palace […]

Bucharest events: Climate Change Summit immersive show calls to action for a greener future

Climate Change Summit, a leading event in Central and Eastern Europe dedicated to climate change solutions, premieres Immersive Call to Climate Action, an immersive experience that puts into focus the urgent need for concrete actions to combat climate change. The show will be hosted by ISPACE, at Mega Mall in Bucharest, between September 18 and […]

Beyond Business School launches a new cohort with renowned mentors: Local entrepreneurs and top executives shaping the future Business leaders of Romania

The program includes internationally accredited courses, 100 hours of in-depth business training, and an entrepreneurial project where participants apply the theory in practice. Sessions are led by successful entrepreneurs and executive directors of companies in Romania. The program will take place over 10 weekends from January 10 to March 29, 2025. ...