New enforcement norms for pensions Law

The norms for enforcing Law 19/2000 on the new public pension system and other social security rights have just been put into effect, having been published in the Official Gazette issue 237, on May 10.

The normative act includes samples to help calculate the contributions stipulated in the law. At the same time, it presents the forms employers are required to use when registering those benefiting from social security.

The new pension Law is in force as of May. Those who concluded an insurance contract or submitted an insurance statement under the previous normative acts are required to update their insurance and submit a new contract or a new insurance statement within 30 days since the norms come in force, in order to keep benefiting from social security.

The monthly basis for calculating the individual social security contribution is the gross individual monthly salary, extra pays included, regulated by the law or by collective employment contract, in case of those working under an individual labour contract and in case of public servants.