The document, obtained by MEDIAFAX, says the pension point will be RON732.8, the value at which it was frozen in 2009, with no indication of possible raises later in the year. Similarly, the draft budget does not mention any salary raises or social security contribution reductions.
The average gross salary is seen slightly increasing to RON2,117, from RON,2026 estimated for this year and RON1,902 recorded last year.
The funds needed to pay public system pensions in 2012 exceed RON47 billion (compared with RON46.2 billion this year), equal to 8.1% of the GDP. The figure takes into account 4,761,000 pensioners paid through the National Public Pension House, with an average monthly pension of RON747, and 159,000 pensioners paid through the Ministry of Defense, the Ministry of Interior and the Romanian Intelligence Service, with an average monthly pension of RON2,289.
This year, the necessary funds were calculated considering 4,780,000 pensioners earning an average monthly pension of RON749, and 155,800 defense system pensioners earning a monthly RON1,755.
The total revenue of the social security budget is estimated at RON48.7 billion, while total expenses are seen at RON48.5 billion. A subsidy of RON13.8 billion will be provided from the state budget, says the draft. This year, the state budget transferred RON13.9 billion for public pensions.
Total revenue is RON2.7 billion lower, owing to the higher quota of mandatory private pensions – 3.5% in 2012, from 3% this year.
The 2012 social security budget expects a surplus of RON170.9 million (compared with RON253.9 million this year), from the work accident and illness insurance system.
(EUR1=RON4.3479)