Advanced Search

Law No. 40 Of November 13, 1968, Approving The Decree Nr. 970/1968 To Amend Certain Articles Of The Law No. 27/1966 On Pensions Of State Social Insurance And Supplementary Pension

Original Language Title:  LEGE nr. 40 din 13 noiembrie 1968 pentru aprobarea Decretului nr. 970/1968 pentru modificarea unor articole din Legea nr. 27/1966 privind pensiile de asigurări sociale de stat şi pensia suplimentară

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.
LEGE no. 40 40 of 13 November 1968 for approval Decree no. 970/1968 for the modification of articles of Law no. 27/1966 on state social insurance pensions and supplementary pension
ISSUER GREAT NATIONAL ASSEMBLY
Published in OFFICIAL BULLETIN no. 150 150 of 16 November 1968



EXPLANATORY MEMORANDUM The adjoining law is subject to approval Decree no. 970/1968 for the modification of articles of Law no. 27/1966 on state social insurance pensions and supplementary pension, published in the Official Bulletin, Part I, no. 132 of 23 October 1968. Law no. 27/1966 on state social insurance pensions and the supplementary pension has made important changes in the pension regime, based on new principles both in terms of the conditions required for the opening of the pension right, as well as the norms relating to its calculation. The application of this law, however, highlighted the fact that the pension establishment system, with all the additions, was leading to too little difference between salary and pension. As a consequence, an important number of staff with good training and qualification, with long experience, useful to production, still able to work, leave the activity through retirement, not interested in continuing their work. In order to avoid the phenomenon shown and its consequences, the need to establish a more just report between the level of salaries and pensions, which will be carried out by the following measures: 1. The abolition of the continuity increase, the material co-interest of the employees in order to their stability being realized in the improved payroll system by granting an increase for uninterrupted seniority in the same unit. 2. Reduction from 1% to 0,5% of the additional percentage that is granted for each year of seniority over the minimum age necessary to obtain the full pension for the age limit. 3 3. Limitation only to invalidity pensioners of the first degree of possibility to obtain the amount of pension for the age limit. 4. Regulation on new bases of the principle of reciprocity between state social insurance and agricultural production cooperation sector, so that those who worked in some periods as employees, and in others as members of agricultural cooperatives production, will receive a pension from both sectors, corresponding to the time worked in each of them, of course if they meet the conditions required by law. 5. Prohibition, for pensioners, to opt for social assistance, starting from the principle that this aid is granted only to those who do not have the right to a pension. In addition to the measures shown above, the application of the pension law also revealed the need for additions and clarifications, namely: -limiting at one time the possibility granted to pensioners for the age limit of asking for the addition of time worked after retirement, outside disability pensions where the addition is to be able to be made whenever the pensioner shall be at least one year old; -introduction, among the cases that determine the suspension of the payment of the pension, and the case of the exercise of a profession or trades on its own, to apply to pensioners in this category the same regime as the regulated one for those who fall within the socialist organizations; -repealing the provisions of art. 14 of the pension law, which established the reduction of the pension for those who had interruptions in work. For the purposes of the above, it was adopted Decree no. 970/1968 . Because the norms contained in this decree have the power of law, they have been subject to debate and adoption of the Great National Assembly, in accordance with art. 64 64 section 2 of the Constitution. The Great National Assembly of the Socialist Republic of Romania adopts this law. + Article UNIC Approval Decree no. 970/1968 for the modification of articles of Law no. 27/1966 on state social insurance pensions and supplementary pension. This law was voted by the Grand National Assembly on November 13, 1968, with the unanimity of the votes of the 428 deputies present at the Meeting. President of the Great National Assembly, STEFAN VOITEC Bucharest, November 13, 1968. No. 40. -------------