Algorithm-based Pension Calculation

Starting 1.04.2001, in the Romanian Public Pensions System the pension calculation method has changed. The calculation formula was modified. If until then persons who applied for pension chose a favorable calculation base in the last ten years, of which only five consecutive years were taken into, since 2001 the whole career of the employee is accounted for establishing its pension. The average of one’s own realized income does not represent anything anymore.

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Year of publication:	2012
Authors:	MARINESCU, Radu Titus ; MANOLE, Alexandru ; CARP, Ana ANTON ; BARDASU, Georgeta
Published in:	Romanian Statistical Review Supplement. - Institutul National de Statistica şi Studii Economice (INSSE). - Vol. 60.2012, 4, p. 404-407
Publisher:	Institutul National de Statistica şi Studii Economice (INSSE)
Subject:	pensions \| social insurances \| correlation \| pension point

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Extent:	application/pdf
Type of publication:	Article
Classification:	J26 - Retirement; Retirement Policies
Source:	RePEc - Research Papers in Economics

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