Romanian pension upped 12.5% in 2023

The ruling coalition in Romania has agreed to increase the pensions by a constant rate of 12.5% as of January 2023.

The recipients of pensions lower than RON 3,000 (EUR 600) per month will receive twice-a-year payments of RON 600 (EUR 120) to RON 1,000 (EUR), depending on their individual pensions. Recipients of pensions below RON 1,700 per month will continue receiving RON 250 „social vouchers” every other month during 2023.

Further, the ruling coalition agreed to adjust child allowance in accordance to inflation (as of January 2023).

Separately, the Government will increase the minimum statutory wage from RON 2,550 this year to RON 3,000 in 2023 (with a facility for employers, consisting of RON 200 out of the minimum wage not subject to income tax), PM Nicolae Ciuca announced.

Energy vouchers amounting to RON 1,400 will be disbursed in two equal tranches to recipients aged 60 or more of pensions lower than RON 2,000. The two tranches will support retired persons to cover their energy bills this winter and the following winter.

Romania’s inflation rate slows to 15.32%


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