{"id":443075,"date":"2016-12-05T22:20:13","date_gmt":"2016-12-05T22:20:13","guid":{"rendered":"http:\/\/www.moldova.org\/en\/?p=443075"},"modified":"2016-12-05T22:20:13","modified_gmt":"2016-12-05T22:20:13","slug":"moldova-government-approves-changes-pension-system-plans-raise-pensioning-age-62-65-years","status":"publish","type":"post","link":"https:\/\/www.moldova.org\/en\/moldova-government-approves-changes-pension-system-plans-raise-pensioning-age-62-65-years\/","title":{"rendered":"Moldova Government approves changes to pension system, plans to raise pensioning age to 62 and 65 years"},"content":{"rendered":"Reading Time: <\/span> < 1<\/span> minute<\/span><\/span>

On December 5th, the Government of Moldova approved<\/a> a series of changes to the legislation on the pension system. The modifications aim at reducing the inequity in the system, constant and consistent increase of incomes for beneficiaries and ensuring a sustainable pensions system.<\/p>\n

With the exception of force structures employees, the law will apply same pensioning age, same experience for contribution and same formula for calculations.
\nThe current 26% rate of replacement of income with pension will be increased since April 2017 up to 45% at the end of 33 years working experience.<\/p>\n

The pensioning age will also be gradually increased with six months per year for women and four months per year for men until 2026, when it will reach the age of 62 years for women and 65 years for men. The pension contributions will also be adjusted during 6 years. <\/p>\n

In addition, the contributors will have the possibility to request an anticipation of the pension the latest three years before the pensioning age, after confirming the necessary working experience.<\/p>\n

The statistical data shows that approximately 570000 Moldovan pensioners receive pensions lower than 1300 lei ($64).<\/p>\n

The draft law will be directed to the Parliament for approval.<\/p>\n","protected":false},"excerpt":{"rendered":"

Reading Time: <\/span> < 1<\/span> minute<\/span><\/span>On December 5th, the Government of Moldova approved a series of changes to the legislation on the pension system. The modifications aim at reducing the inequity in the system, constant and consistent increase of incomes for beneficiaries and ensuring a sustainable pensions system. With the exception of force structures employees, the law will apply same […]<\/p>\n","protected":false},"author":6,"featured_media":443076,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-443075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-society"],"content_social_share":"Reading Time: <\/span> < 1<\/span> minute<\/span><\/span>

On December 5th, the Government of Moldova approved<\/a> a series of changes to the legislation on the pension system. The modifications aim at reducing the inequity in the system, constant and consistent increase of incomes for beneficiaries and ensuring a sustainable pensions system.<\/p>\n

With the exception of force structures employees, the law will apply same pensioning age, same experience for contribution and same formula for calculations.
\nThe current 26% rate of replacement of income with pension will be increased since April 2017 up to 45% at the end of 33 years working experience.<\/p>\n

The pensioning age will also be gradually increased with six months per year for women and four months per year for men until 2026, when it will reach the age of 62 years for women and 65 years for men. The pension contributions will also be adjusted during 6 years. <\/p>\n

In addition, the contributors will have the possibility to request an anticipation of the pension the latest three years before the pensioning age, after confirming the necessary working experience.<\/p>\n

The statistical data shows that approximately 570000 Moldovan pensioners receive pensions lower than 1300 lei ($64).<\/p>\n

The draft law will be directed to the Parliament for approval.<\/p>\n

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