Excellent news for Romanians! Here's how you can retire early!
According to a decision of the Constitutional Court of Romania, some Romanians will be able to retire up to 15 years earlier, but only if they meet certain conditions according to Ciao.ro.
There are, however, several categories of taxpayers.
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According to the law, the Romanians who can retire early are those with a degree of disability, regardless of when they got it.
So far, however, this reduction of the retirement age has benefited only the persons who had the disability before entering the state insurance system.
Therefore, given this amendment of the law, the retirement age will be reduced as follows:
- with 10 years for insured persons with medium disability, if they have completed the full contribution period;
- with 10 years for insured persons with severe disability, if they have achieved at least two thirds of the full contribution period;
- with 15 years for insured persons with severe disabilities, if they have completed at least one third of the contribution period.
Currently, the legal retirement age is 63 years for women and 65 years for men.