PM says average pension increase by 47 per cent in Moldova in last three years

Chisinau, 14 December /MOLDPRES/ - The average pension has increased by 47 per cent in Moldova in the last three years and as of 1 January 2019, those getting pensions under the subsistence minimum will enjoy 10-per cent increases. Prime Minister Pavel Filip today presented the figures in parliament in the report on the government’s action programme for 2016-2018.    

According to Filip, due to the reforms carried out at the Customs and Fiscal Service, the shadow economy has been reduced and the state has collected by more than two billion lei than forecast in the first 11 months of this year.

„All these results allowed us taking care of people and increasing the social allocations, salaries and pensions. We removed, first of all, an injustice, made to all those who retired after 1999. We introduced a new calculation formula and those who retired based on it have a pension by one third higher than they would have had on the basis of the old system. For the first time ever, the average pension exceeded the subsistence minimum for the pensioners. Also, all those who get less than 2,000 lei have already begun receiving a holidays benefit worth 600 lei. Starting from the next year, the pensions for those working after retirement will be recalculated,” Filip said.  

The prime minister noted that, starting from 1 April 2019, the process of pensions’ indexation starts, so that the elderly people will have almost doubled allocations.