Moldova: Pensions will be indexed from April 1 by 4.2%, which corresponds to last year's inflation rate.
For this purpose, the Labor Ministry is preparing the necessary package of documents and discussing it with the National Bureau of Statistics and the National Social Insurance Company. This was stated by the Minister of Labor and Social Protection Alexei Buzu on air of TV channel RLive. At the same time, the Minister ruled out the so-called "compensation" of last year's indexation, when inflation exceeded 30%, and pensions were indexed by only 15%. "Last year pensions were indexed by 15%. Pensions were indexed accordingly to the growth in income in 2022 compared to 2021. Since the beginning of this government's term, both minimum and average pensions have increased more than the rate of inflation. We are very hopeful that we will have economic growth. We have changed the legislation, and there are provisions in the legislation that link indexation of pensions to economic growth. Of course, the pension is still small," said Alexei Buzu. The Minister also added that last year, inflation exceeded 30%, which has not happened in Moldova for the last 20 years. "We had a year with numerous crises, in which the government had to make extremely difficult decisions," Alexei Buzu said. Let us remind you that earlier, the director of the National Social Insurance Company (CNAS), Elena Tibirna, said that pensions will be indexed by 6% from April 1. According to her, the situation will become clearer in March, when a decision will be made depending on the GDP. The head of CNAS said that at present, there are 674,000 pensioners in Moldova. 1.2 employees work to ensure payments for 1 pensioner, while the ideal ratio is 4 employees per 1 pensioner. It should be reminded that in Moldova the retirement age for men is 63 years and for women - 60.5 years. // 14.02.2024 - InfoMarket.
