The Parliament of Moldova approved a new mechanism for indexing pensions, which will increase them from April 1 by 3.89%, and in general in 2021 - by about 7%.
In particular, the deputies adopted a bill providing for an increase in the indexation coefficient of pensions and social benefits. The document stipulates the preservation of the indexation of pensions twice a year - in April and October, but with a new mechanism for its application, starting from April 1 of this year. So, in April, the indexation coefficient of pensions will be the average annual increase in the consumer price index for the last 3 years - 2018, 2019, 2020, and in October - the inflation rate for the first half of this year. The indexation coefficient will be set by the government. It should be noted that the current method of indexation of pensions stipulates that on April 1, the indexation coefficient must correspond to the inflation rate in the last half of the year preceding the year of indexation. According to statistics, at the end of the reporting period - the second half of 2020, a deflation of 0.68% was registered. Based on the calculations presented, from April 1, pensions will be indexed by 3.89%, and in October, according to forecasts, by 3.2%. Thus, in general for the year, pensions will be indexed by more than 7%. In total, more than 731 thousand people will receive indexed pensions and social benefits. 702 million lei are planned for these purposes. // 12.03.2021 — InfoMarket.
