Pensions that will not be increased in the coming years, in relation to inflation. The parliamentarians only agreed not to lower them

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On Monday, after 16:00, the pension law goes to the final vote in the plenary session of the Chamber of Deputies. The draft pension law received, on Monday, an adoption report with several amendments within the Labor Committee of the Chamber of Deputies.

By the Observator editorial team on 20.11.2023, 17:19

An important amendment to the Pensions Law was adopted today in the Labor Commission. The pensions that should have decreased according to the new recalculation formula will remain as they are now, that is, they will not decrease. But, these pensions will no longer be indexed to inflation in the following years. The indexation of these pensions with inflation will be done practically only when they will be caught up by the new formula.

After the adoption report of the Labor Commission, the draft pension law will enter the debate and will be subject to a vote in the plenary session of the Chamber of Deputies. The plenary session starts after 16:00. Last week, the Senate adopted the Government’s draft law on the public pension system, according to which the pensions of over 4.7 million beneficiaries are to be recalculated according to a new formula. The Chamber of Deputies is the decision-making body in this case.

The Senate adopted, in the plenary on Tuesday, the draft law on the public pension system, after the specialized commissions issued a favorable report with accepted amendments. The leaders of USR and AUR senators, Radu Mihail and Claudiu Târziu, requested the resending of the legislative initiative to the committees, USR asked for three weeks, and AUR for at least two weeks, but both requests were rejected by the senators.

After the vote on the project, USR representatives said that the party’s senators voted against the proposed law. At the same time, the leader of the AUR senators Cladiu Târziu announced that the senators of the formation abstained from the vote, because “a slight increase is better than nothing”. The draft law on the public pension system was adopted with 85 votes “for”, six “against” and 19 abstentions.

However, there remains a great controversy regarding the source of financing the increase in pensions, because the PNL leaders initially said that the Government can only assume at this moment the indexation of 13.8%, with the inflation rate. According to some Observator sources, the Government currently has 15 billion lei secured for the indexation of pensions with the inflation rate, but there remains a difference of 10 billion lei, which it should cover from the digitalization of ANAF and from combating tax evasion.