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

9.6.  Expenditure Block

Expenditure Block of the “Analytical Model of the Pension System of the Republic of Moldova” separately calculates amounts of pensions and allowances for each pensioner category accepted in the model.

In case of old-age pensioners (former agricultural and non-agricultural workers) and invalidity pensioners, pensions are calculated according to legal pension formulas. Pensions to pensioners of other categories are computed as rates of old-age pensions to former non-agricultural workers.

The model allows changing some of the pension formula factors and setting pension indexing factors for the period after retirement.

The model includes a revaluation formula which makes it possible to calculate the amount of an average monthly insured income by applying a revaluation coefficient.

Computation chart of the Expenditure Block is depicted in Fig. 9.8.

Fig. 9.8: Computation scheme of the Expenditure Block

“Pension Calculator” provides for computation of pensions to the following categories of pensioners: old-age pensioners (agricultural), old-age pensioners (non-agricultural), invalidity pensioners of Disability Groups I, II, and III.

Unlike the “Analytical Model of the Pension System of the Republic of Moldova”, “Pension Calculator” offers differentiation of pensioners by Disability Group, since such computation requires no additional statistical information.

In designing the “Pension Calculator” a great deal of attention was paid to ensure possibilities for analysing influence exerted by factors of pension formulas, so the user may change almost all the factors.

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