What are the statutory pension benefits in Romania?
In Romania, statutory pension benefits involve several key components:
- The employer is responsible for withholding and submitting mandatory social security contributions (CAS) based on the supported employee’s gross salary, which includes other salary-assimilated incomes.
- For supported employees working under special working conditions, the employer must pay supplementary social security contributions on the same gross salary basis.
- Employers are required to inform supported employees who are 45 years old or younger about their obligation to enroll in a private pension fund as part of their employment agreement.