The Moldovan authorities are looking for a new model of pension system. On this occasion, representatives of pension funds from 12 states came together in Chisinau to take part in a two-day international conference themed “Reform of the pension systems: international experience” that was organized by the National House of Social Insurance and the International Social Security Association. The event enables the participants to exchange experience concerning the functioning of pension systems, IPN reports.
National House of Social Insurance head Maria Borta said the Moldovan authorities several years ago set a number of objectives aimed at transforming the pension system, but, owing to a number of economic and demographic factors, not all the goals were achieved. “We haven’t yet eliminated all the concessions on the setting of pensions so as to ensure equal conditions for all the citizens,” she said.
Maria Borta added that the migration of labor force in the last few years was another obstacle to achieving the objective to modernize the pension system. “We aim to study this phenomenon and to propose changes that would bring valued added to the pension system and would enable us to increase the pensions and to provide a sustainable system,” she stated.
Deputy Prime Minister Tatiana Potang said the Government of Moldova is ready to learn from the positive experiences and to adjust them to the needs and typical features of the country.
Minister of Labor, Social Protection and Family Valentina Buliga said that Moldova may have a new pension system by this yearend. They are now looking for an efficient system that would improve the financial state of the elderly people and the economy of the country. Therefore, they want to find out more about the pension systems of other states so as to identify the best practices.
“The goal of the pension system reform is not to reduce the financial burden of the state, but to make the future pensioners confident that they will receive a decent pension when they retire,” stated Valentina Buliga.
In Moldova there are 659,000 pensioners. The minimum old-age pension from April 1 this year is 798.33 lei for workers from the national economy and 710.72 lei for workers from agriculture.
