According to a recent study by EY, the ratio between salary and pension is relatively equal for taxpayers in Romania and EU average. However, nominal values are different – a retired Romanian in 2050 will receive EUR 294 monthly pension if his salary before retirement reached EUR 1,000, while an EU pensioner will receive EUR 1,170 on average monthly pension in 2050 if his salary before retirement reached EUR 3,000.
At the moment, the average monthly pension in Romania is worth EUR 200, while in Greece it is EUR 882 and EUR 1,032 in France. Consequently, 35 percent of Romanian elderly are at risk of poverty and social exclusion, almost double the EU average as a whole, where 18.3 percent of the elderly are in this situation.
In the first quarter of 2015 the average monthly pension was at RON 890 (EUR 200), showing a 5.1 percent rise quarter on quarter, while the average number of pensioners in Romania reached 5.3 million people, decreasing by 14 thousand persons against the previous quarter, according to data by the National Institute for Statistics.
Territorial disparities were rather accentuated, with a gap between the minimum and maximum value of over RON 400 (EUR 90), standing at RON 711 in Giurgiu versus RON 1,121 in Bucharest.
By categories of pensions, the number of social insurance pensioners was represented mainly (73.5 percent) by old age pensioners. Anticipated and partially anticipated old age categories of pensioners represented 2.1 percent.
In July 2015, the average gross nominal earnings were RON 2,563 (EUR 580), up 1.9 percent over June, while the average net nominal earnings were RON 1,849 (EUR 419), increasing by RON 31 against the previous month (1.7 percent).
The highest values of the average net nominal earnings were recorded in extraction of crude petroleum and natural gas (RON 4,907, about EUR 1,110), while the lowest were in accommodation and food service activities(RON 1,088, about EUR 246).