From January 1, 2024, contributions to private pension funds (level II) will increase from 3.75% to 4.75%, according to the state social insurance project, according to the state social insurance project, next year more than 17.2 billion lei will go to second level pension funds. budget published on Wednesday by the Ministry of Finance.

Savings for retirementPhoto: Dreamstime.com

This year, it is expected that the amount of contributions transferred to private pension funds will exceed 12.6 billion lei.

The proposal to increase the contribution to 4.75% is contained in the budget program sheet.

  • SEE BASS SYNTHESIS FOR 2024

Contributions to private pension funds are part of the social insurance contributions belonging to the state pension system and are deducted from the gross monthly income, which is the basis for calculating social insurance contributions.

Currently, 3.75% of the 25% share of CAS is transferred to the accounts of more than 8.1 million Romanians, to the II level of pension insurance.

The scandal regarding the possible postponement of the contribution increase to the II level of pensions

Prime Minister Marcel Ciolacu denied on Monday that he had ever discussed with PNL leader Nicolae Ciucé the postponement of the increase in contributions to the second level of pensions from January 1, 2024, recalling that Romania accepted the measure in the PNRR.

“You cannot deceive the Commission, pass a stage and two months later change your mind and postpone the stage or change it. Because the moment you do that, the European Commission will stop your money for this reform, and I think we don’t want that,” Čolaku said.

Returning from his visit to the US, Prime Minister Marcel Čolaku criticized Finance Minister Marcel Bolos at a cabinet meeting on Friday over the GEO project on fiscal measures from January 1, 2014. “I noticed that in my absence, the Minister of Finance was not bored again. He had to refute the supposed tax measures, which do not exist for 2024,” said Cholaku.

The Prime Minister’s clarifications came after the media reported on Thursday that the Government is preparing to approve a new GEO project on fiscal budget measures from January 1, 2024.

The GEO project envisages a 20% increase in the salaries of high-ranking officials and teachers next year in two stages. Allowances will be kept at the level of December of this year, additional work will be compensated only by the corresponding free time, and the filling of vacant positions will be suspended, except for fully justified cases, which will be approved by the Government Memorandum.

Another measure provided for in this document is aimed at delaying for 2 years the increase in the contribution to the II level of pensions from 3.75% to 4.75% only from January 2026, and not from January 1, 2024, as was decided by the government earlier. GEO in March 2022.

After the scandal caused, including the statements of HotNews.ro Minister Bolos, who said that he does not believe that the budget can support this measure from January 1, 2024, and that the decision on the budget must first be made in the Coalition deficit.

Later, Marcel Bolosh returned to Facebook, saying that the increase in the contribution to level II pensions will not be delayed, but the problem of the sustainability of the deficit remains open and involves the identification of solutions that should be included in the fiscal and budgetary plan. strategy.

The Ministry of Labor under the leadership of Simona Bucur Oprescu (PSD) stressed on Friday that it has not developed or initiated an approach to postpone the increase in the contribution from the second level of pensions, nor has it received any such project for analysis.

Read more:

  • OUG project: Allowances for dignitaries are increasing, teachers are getting 20%, in two stages / What is happening with promotions and state employment
  • Bolosh: I don’t think the budget can support an increase in contributions to the second level from January 1, 2024. A decision is needed in the Coalition
  • Bolosh returns: We will not postpone the increase in the contribution to the second level of pensions

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