POLITICS

Parliament caps special pensions collected by MPs

Parliament’s joint plenum adopted on Wednesday the capping of special pensions collected by lawmakers, with the net retirement indemnity set to not surpass the level of the net income corresponding to the gross monthly indemnity collected by a lawmaker while he exercises his mandate.

“The quantum of the retirement indemnity is offered within the limit of three mandates and is calculated as a multiplication between the number of mandates and 0.55 percent of the gross monthly indemnity paid. The net quantum of the retirement indemnity cannot surpass the net income corresponding to a gross monthly indemnity earned by a Lower House or Senate member who exercises his mandate,” reads the proposed amendment to law no.96/2006 on the Statute of Lawmakers, amendment approved with a majority of votes by Parliament’s joint plenum.

The retirement indemnity will be updated annually, “ex officio,” in line with the average annual inflation rate, on January 1st each year, according to the aforementioned source.

“If the updating results in a lower retirement indemnity, the pension currently in pay would be maintained. The retirement indemnity represents income from another source, in the terms of the Fiscal Code,” the bill reads.

Lawmakers who do not reside in Bucharest or in Ilfov County are offered each month, during their term in office, based on an affidavit which represents a justification document, a lump sum of money from the budget of the Lower House or Senate, in order to cover their lodging expenses in Bucharest. The quantum of this sum is established by the Joint Standing Bureaus of the two Houses, via decision, based on each House’s budget resources.

Related posts

Frunda: I hope we’ll be part of the ruling coalition

Nine O' Clock

PNL’s Orban: Do you think that, if motion passes, we are going to dethrone a PSD PM for another?

NINE O'CLOCK

Paul Stanescu resigns from Government

NINE O'CLOCK