The 2013 State Budget Law (Law 5/2013) and the State Social Security Budget Law (Law 6/2013) have been published.
The average gross monthly salary used as reference for the social security budget has increased to RON 2,223 for 2013 (from RON 2,117 for 2012).
The rates for mandatory social security contributions remain the same as in 2012.
The amount to be redirected to private pension funds has increased from 3.5% in 2012 to 4% in 2013 of the individual social security contribution rate (10.5%) levied on gross salary income.
[Source: Official Gazette of Romania no. 106, 107 / 22 February 2013]
For more information, please contact Peter de Ruiter, Mihaela Mitroi, Ionut Simion and Daniel Anghel.
Country Managing Partner, Romania
Tel: +40 21 225 3708