Legislation Publications Pension models About project Statistics
Legislation Publications Pension models About project Statistics

1. Introduction

2. Fundamentals of Moldova’s Pension Legislation
2.1. General Principles
2.2. Insurance Contributions and the Tax Base
2.3. Types of Pensions and Terms and Conditions of Their Assignment
2.3.1. Old-age Pensions
2.3.2. Invalidity Pensions
2.3.3. Survivor’s Pensions
2.3.4. Pensions to Specific Categories of Population
2.3.5. Social Pensions/Benefits
2.3.6. Pensions Paid at the Account of the State Budget
2.4. The Minimal Pension and Guaranteed Minimum
2.5. Pension Indexing

3. The Present-Day Demographic Setting
3.1. General Population Changes
3.2. Fertility
3.3. Mortality and Life Expectancy
3.4. Population Growth and Migration
3.5. The Base Demographic Forecast

4. Demographic Trends in the Economic Activity of the Population
4.1. Demographic Factors Affecting the Number of Population at the Economically Active Age
4.2. The Profiles and Dynamics of the Economic Activity of the Population
4.3. Projection Scenarios for the Economic Activity of the Population

5. General Employment Issues

6. Payers of Pension Contributions
6.1. The Profile and Number of Pension Contribution Payers
6.2. Projection Scenarios for Insurance Contribution Payers

7. Recipients of Pensions/Benefits
7.1. Profile of Pension Recipients
7.2. Old-Age Pensioners
7.3. Invalidity Pensioners
7.4. Recipients of Pensions for Survivors
7.5. Recipients of Social Pensions/Benefits
7.6. Forecast of Pensioner Numbers

8. Present-Day Macroeconomic Environment
8.1. Historical Background
8.2. Base Macroeconomic Forecast

9. Software Complex
9.1. Mission and Structure of the Software
9.2. Computation Scenario Block
9.3. Demography Block
9.4. Macroeconomics Block
9.5. Receipts Block (Calculation of Contributions)
9.6. Expenditure Block
9.7. Output and Reports

10. Approbation of the Model
10.1. Modelling Scenarios
10.2. Simulation Output
10.3. Computations on the Pension Calculator

Annex 1. Base scenario

Development of the Analytical Model of the Republic of Moldova’s Pension System

2. Fundamentals of Moldova’s Pension Legislation

Reform of the pension system in the Republic of Moldova began in 1999 after the Pension Reform Strategy and Law on State Social Insurance Pensions, No. 156-XIV, dated 14th October 1998, had been adopted. These documents were supplemented with the Law of the Republic of Moldova on State Social Insurance System, No. 489-XIV, dated 8th July 1999. The package of legislative documents regulating provision of pensions is annually supplemented with a respective law on social insurance budget, which regulates the issue of how compulsory state social insurance contributions are to be calculated and paid, as well as some specific aspects related to receipts and expenditure.

2.1. General Principles

Transition from social security towards social insurance was declared as the principal direction of the reform. A number of main principles were followed to build and manage the social insurance system as well as the pension system as a component part thereof. These principles stipulated in the Law on State Social Insurance System are as follows:

  • the principle of uniformity according to which the State organises and guarantees functioning of the state social insurance system in compliance with uniform legal norms;
  • principle of equality which guarantees equal treatment for all parties of the state social insurance system, including contribution payers, recipients of pensions and other social insurance benefits, in exercising their rights and performing their duties as provided for by the legislation;
  • principle of social solidarity between generations and persons belonging to the same generation;
  • principle of obligatoriness;
  • principle of participation which implies that social insurance funds are formed though contributions of both corporates and individuals that are participants of the state social insurance system. Exercising of the right to social insurance benefits depends upon the duly performance of the above duty.

The new pension law has vested the right to a pension in all the insured persons, permanent residents of the Republic of Moldova, as well as in persons who are not insured at the moment of assigning a pension, but meet requirements stipulated in the Law on State Social Insurance Pensions. The same right has been granted to agricultural workers. This Law has also regulated the terms and conditions for assigning pensions.

The Law on State Social Security System defines insured persons as those

  • employed on the basis of an individual work contract, holding elective offices or appointed to positions in executive, legislative or judicial bodies;
  • receiving unemployment, temporary disability, and disability benefits;
  • having annual income of at least 3- or 4-fold average monthly earnings throughout the national economy.

Payers of insurance contributions are both insured individuals themselves, who pay individual contributions, including those paid under independent insurance contracts, and employers

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