A pension estimate is useful when its inputs are clear. Current pay and years worked can describe a simplified scenario.
The amount awarded by the pension authority depends on recognised points and contribution periods, including the rules that applied during each period.
The current formula and reference value
Law 360/2023 is the current framework for public pensions, with its main provisions applying from 1 September 2024.
The amount is total recognised points multiplied by the reference point value (VPR). VPR remains 81 lei in 2026.
The former pension point and VPR are different measures; the previous 89 lei figure in this guide has been corrected.
Arithmetic example: 40 recognised total points × 81 lei = 3,240 lei gross pension. The 40 points are an assumption, rather than a result inferred from a single salary for an entire career. Applicable tax deductions can reduce the amount received.
How points are established
The official calculation uses insured earnings and the salary references applicable to the contribution periods. Net pay cannot be substituted for gross pay. Participation in Pillar II can require an adjustment to public pension points. Credited periods and special circumstances have separate rules.
The gross average earnings benchmark used in the 2026 social insurance budget is 8,620 lei for 1 January–29 March and 9,192 lei from 30 March. Neither replaces the benchmarks for earlier years. Match the income period and the gross reference when comparing them.
Stability points
Eligible contributory service above 25 years earns extra points: 0.50 per year above 25 through 30, 0.75 per year above 30 through 35, and 1 point per year above 35. Exact eligible periods and exclusions must be checked against the pension record.
Exactly 35 eligible years give 5 × 0.50 + 5 × 0.75 = 6.25 stability points in this simple example. At a VPR of 81 lei, their contribution to the gross formula is 506.25 lei before statutory rounding of the pension amount. Do not add them again if the CNPP total already includes them.
What the Kreditano calculator does
The pension calculator takes four inputs: assumed average gross earnings, contribution years, an assumed gross salary reference and VPR. Its formula is (gross earnings ÷ reference) × years × VPR. All references are editable. The default 8,620 lei represents early 2026, rather than the full year.
A scenario with earnings of 8,620 lei, a reference of 8,620 lei, 30 years and VPR of 81 lei produces 2,430 lei. This is a simplified gross amount. The tool does not reconstruct stability points, Pillar II adjustments, monthly earnings histories, special periods or taxes. It neither calculates a separate private pension nor establishes retirement eligibility.
Checking your estimate
Start with your contribution statement and pension decision, if issued. Compare recorded years and earnings with your documents. Check additional points and ask the pension authority about missing periods. Keep gross estimates, actual net income and private savings separate in your plan.
Retirement timing depends on birth date, sex, recognised service and any statutory reductions. Check the transitional schedule for women in the law annex. One age for every woman in 2026 would be misleading. Early retirement and survivor benefits require separate eligibility checks.
Private savings and your budget
A private fund balance is separate from public pension points. Use your administrator statement for Pillar II and the Pillar III guide for voluntary saving. Past returns do not determine future income.
Compare a cautious monthly income scenario with recurring costs. The personal budget guide helps separate essentials, reserves and repayments. Test several assumptions before taking on a financial commitment based on an estimate.