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Trade unionists were informed about multiple aspects that relate to pension system reform

28.02.2017

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Monday, February 27, the board of the National Trade Union Confederation of Moldova (CNSM) and representatives of national-branch trade union centres, learned from specialists of the Ministry of Labour, Social Protection and Family (MLSPF) what are the characteristics of the pension system reform, initiated earlier this year.

Note that beginning with January 1, 2017, in the Republic of Moldova was launched the pension system reform, which provides progressive unification of the retirement age and contribution period for men and women that will be 63, and respectively 34 years.

About this, but also other details that refer to this reform, informed at a seminar the specialists of MLSPF Nelea Rusu, Diana Ciubotaru and Gheorghe Sîrcu.

“We are interested to know as many aspects of this reform, as to communicate that information within companies and organizations where we have trade union structures. This reform, which has an important impact on the approximately 680000 current pensioners and future pensioners, involves a series of innovations and is necessary to understand how it will be implemented,” said Sergiu Sainciuc, vice president of CNSM.

Those present, said that pensions will be indexed annually on the 1st of April, and if the annual increase of the consumer price index will be less than 2%, indexation will not be made.

It also unifies the conditions and rules for calculating pensions for the following categories of citizens: government members, civil servants, elected officials, judges, prosecutors.

But the main change to the pension system reform is the formula for calculating the pension. Thus, beginning with 2017, in calculating retirement pension will be considered the total contribution period, cumulative rate of 1.35 percent and the average monthly income of capitalized pension of the beneficiary.

More details about the pension system reform can be found on the website of MLSPF here.

Department of mass media and international relations