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The Moldovan Parliament approved on first reading the draft law on optional pension funds.

The Moldovan Parliament approved on first reading the draft law on optional pension funds.

09.07.2020

The document establishes the legal basis for the creation and operation of optional pension funds as part of the system of providing optional pensions based on individual capitalized savings. The law contains requirements for licensing private pension funds, rules for the issuance of optional pensions, stipulates the powers of the National Commission for Financial Markets as a body to oversee such funds. In general, the bill is designed to provide additional income for persons of retirement age. It is envisaged that any citizen will be able to join a private pension fund (while participation in ...
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