2/3 of Romanians retire before the legal age

Food

The actual retirement age in Romania is 60 years and 6 months in the case of men and 58 years and 4 months in the case of women, about five years lower than the age limits stipulated by the law, the public pension house told G4Media.ro, Romania-insider reports.

Four retired women chatting on a bench in Buchaest, Romania. Photo by Photosebia/Shutterstock.com

According to law, the standard retirement age in 2019 was 65 years for men and about 61 years for women (to be raised to 63 years in 2030).

Of the total of 140,210 people who retired last year, almost two-thirds did so without having reached the standard age, Romania-insider said.

ADVERTISEMENT

Business, consumer confidence improves - Századvég Analysis

Business, consumer confidence improves - Századvég

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.