Law providing for indexation of pensions twice year adopted in final reading

Chisinau, 28 February /MOLDPRES/- Parliament voted today in the second reading draft law on the indexation of pensions twice a year - on 1 April and 1 October.

Under the new legislation, indexation will be applied to all pensions, regardless of their size. At the same time, the minimum guaranteed income used in determining the Social Assistance Program will be indexed. Thus, the indexing mechanism will be applied for all social benefits, including capitalized payments, disability benefits arising from a work accident and the monthly monetary compensations established to the participants in liquidating the consequences of the Chernobyl damage.

The indexing mechanism provides that on April 1, the indexation coefficient of pensions will be the inflation registered in the last quarter of the previous year, and on October 1, the indexing coefficient will be the inflation registered in the first semester of this year.

Also today, the MPs adopted in the final reading a draft law which provides for free health care policy for people who grow at least four children.