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In Moldova, from April 1, 2019, pensions will be indexed by 5.3%, which is almost twice as much as previously expected.

In Moldova, from April 1, 2019, pensions will be indexed by 5.3%, which is almost twice as much as previously expected.

This is due to the fact that the government on Thursday, under its responsibility to parliament, approved a bill that provides for a change in the formula for indexing pensions. As Prime Minister Pavel Filip noted, if earlier pensions were indexed in accordance with price increases over the previous year, then according to the new formula, they will be indexed taking into account the average price increase over the past 3 years. Accordingly, the approval of this bill will allow indexation of pensions by 5.3% from April 1 of the current year, which is almost 2 times more than the indexation according to the old formula. “According to the old formula, indexation of pensions would be low - 3%. That is why, after the discussions that we had with all our colleagues in the relevant ministries, we decided to change the indexing formula, ”the prime minister said, stressing that the government will continue to make decisions for the benefit of the citizens. // 07.03.2019 — InfoMarket.

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