6,800 lei pension recalculation for a pensioner with only 35 years of work. What tax will you pay?

Pensions will be recalculated until September 1. From September 1, pensioners will receive their pensions according to a new calculation formula.

A number of 3,00,000 pensioners will have their pensions increased by 40%, on average. The remaining 2,000,000 pensioners will remain with the same pension, even if they should have received less in the recalculation.

The pension law requires that no pension be reduced.

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You can find the calculation formula at the end of the text.

6,800 lei pension recalculation for a pensioner with only 35 years of work. What tax will you pay?

Pensioners who will have a significant pension increase are those who have worked for many years, for example those who have worked between 35 and 45 years. They will receive bonus or stability points. One point is worth 81 lei.

The example below shows that there are exceptions, and a lower number of years of work can result in a large pension on recalculation.

The pensioner in question only worked for 35 years, quite a bit given that today the retirement age is 65. The pensioner worked for 35 years as follows:

10 years normal conditions

5 years special conditions

20 years conditions group II.

High salary, high pension

The groups no longer count in the recalculation, but the pensioner had a high salary and contributed a lot. He has 77 contributory points.

According to the law, he receives the following bonus points for his 35 years of service:

5 X0.5 + 5X075 + 1 = 6.26 points

Total points = 77 + 6.25 = 83, 25 points X 81 lei reference point = 6,700 lei gross pension on September 1.

He will pay 10% of what exceeds 2,000 lei as tax.

Tax: 10% of 6,700 – 2000 = 10% of 4,700 lei = 470 lei tax

Recalculated pension, net = 6,270 lei

In the LINKS below, Newsweek presents other examples of pension calculations:

Read also: How much did a pensioner who will receive a 7,800 lei pension upon recalculation work? How many “bonus” points did he get?

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Reclaculation formula

VPR (has a value of 81 lei) x Total number of points

Total number of points: contribution points + stability points + assimilated and non-contributory period points (0.25 points each year of military service, university, unemployment).