Over a third (35%) of elderly Romanians risk poverty and social exclusion, almost double against the level in the EU as a whole, while the average monthly pension in Romania is currently EUR 200, as compared to Greece – EUR 882 or France – EUR 1,032, according to a survey published on Friday by Ernst&Young.
In the EU, 18.3% of the elderly are in this situation.
“According to new data released by the OECD, the International Labour Organization, the European Commission and by the National Statistics Institute (INS), the ratio between salary and pension is on average roughly equal to taxpayers in Romania and EU. Nominal values, however, are different – a retired Romanian in 2050 will receive EUR 294 monthly pension if his salary before retirement will be EUR 1,000, while a pensioner in the EU will receive on average EUR 1,170 monthly pension, if his salary before retirement will be EUR 3,000,” reads the EY Romania study.
“Consequently, 35% of elderly Romanians are at risk of poverty and social exclusion, almost double the EU as a whole, where 18.3% of the elderly face this situation,” according to the study.