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

9.5. Receipts Block (Calculation of Contributions)

Receipts Block of the “Analytical Model of the Pension System of the Republic of Moldova” is designed for computation of the contributions flow. Contributions are computed separately for each payer category provided for in the model, viz. agricultural employees, non-agricultural employees, farmers, and self-employed persons.

In case of employees a percentage rate is set in the model which determines the amount payable to the Pensions and Benefits Fund. For farmers and self-employed persons, there are set fixed amounts of payment in the base year and factors for their indexing.

Proportions between numbers of various payer groups are changed by means of the “Employment” Form (Fig. 9.5).

Influence of demographic and macroeconomic changes on the size of contributions is transmitted through input parameters of the block which had been computed in the preceding units of the model.

Computation scheme of the Receipts Block is depicted in Fig. 9.7.

Fig. 9.7: Computation scheme of the Receipts Block

“Pension calculator” computes contributions mainly for subsequent evaluation of the monthly average insurable income. In computation of contributions attention is paid primarily to the possible ways of analysing effects of constraining the wage size on which pension contributions are levied.

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