In Moldova, the standard retirement age will be restored to 63 years: for men - from January 1, 2022, for women - from July 1, 2028.
At the same time, citizens will be able to exercise the right to early retirement with long-term work and more than standard insurance experience. This is provided for by the relevant amendments to the Law on the State Pension System, which the parliament adopted in the first reading. The bill proposes to return to the pension reform, which began in 2017, and restore the schedule for raising the retirement age set in 2018. Thus, from January 1, 2022, the standard retirement age for men will be 63 years, and the full payment period for contributions will be 34 years. For women, the standard retirement age of 63 will take effect on July 1, 2028, and the full contribution period of 34 years, on July 1, 2024. The standard retirement age for women in 2022 will increase twice by 6 months and subsequently, until July 1, 2028, the standard retirement age for women will increase by 6 months annually. According to the project, citizens who have more than a standard insurance record will be able to retire at any age. The document provides for the right of persons who have paid contributions to the pension fund and can confirm their required insurance experience, to retire early. This will allow you to exercise your right to retirement until you reach the standard retirement age. Thus, men will be able to retire for seniority if they have 39 years of service from next year, and women - 35.6 years (in 2024, seniority will increase to 37 years). Another provision of the bill concerns a new way of establishing the minimum pension. Thus, its size will be established annually by the government, and its value should not be less than a year earlier. The bill also provides for a return to the indexation of pensions once a year, in April, in line with the inflation rate for the previous year. Herewith, the procedure for the annual indexation of pensions will change - the pension of citizens will be increased by a percentage equal to 50% of the economic growth in the previous year. The increase will be carried out in a fixed amount and will be paid from April 1 to all pensioners, regardless of the size of their pensions. Meanwhile, the document provides for the possibility of citizens to apply for a pension also in electronic form through the portal www.servicii.gov.md or the website www.cnas.md of the National Social Insurance House. The bill is aimed at ensuring the functioning of a stable pension system, access to public services and respect for citizens' rights to social protection. // 26.11.2021 — InfoMarket
