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1. Introduction 2. Fundamentals of Moldova’s Pension Legislation 3. The Present-Day Demographic Setting 4. Demographic Trends in the Economic Activity of the Population 6. Payers of Pension Contributions 7. Recipients of Pensions/Benefits 8. Present-Day Macroeconomic Environment 9. Software Complex 10. Approbation of the Model Annex 1. Base scenario
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Development of the Analytical Model of the Republic of Moldova’s Pension System
2. Fundamentals of Moldova’s Pension LegislationReform 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 PrinciplesTransition 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 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
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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Independent Actuarial Information-Analitical Center |