Romania’s Parliament Passes 2010 Social Security Budget

The social security budget law for 2010 established that the pension point will be frozen at the level seen in 2009, namely 732.8 lei (EUR1= RON4.1286).

The MPs enacted the social security budget with only one amendment, which establishes that the social security budget for the public pension system is established for income cumulating RON41,005.9 million, and expenses cumulating RON41,005.9 million.

According to the MPs' vote, the gross average salary used in the calculation of the budget was RON1,836.

The labor accident and professional illness insurance system is established to have income worth RON310 million and expenses worth RON54.3 million.

Also, the unemployment pay budget was established at RON1,566.8 million, with expenses cumulating RON2,943.4 million, spelling a deficit of RON1,376.6 million.

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