The ratio of pensioners to employees in the Transnistrian region is very high – 140,000 persons who benefit from pensions to 60,000 employees who contribute to the region’s pension fund. The Transnistrian leader Yevgheny Shevchuk told a summing up news conference that if the region’s administration does not borrow money for the pension fund, the pensions will be two times lower, IPN reports, quoting the Transnistrian press.

According to Shevchuk, the revenues from taxes can cover only half of the pension fund needs. Thus, the region’s authorities take out loans so as to be able to pay pensions.

The Transnistrian leader noted that the people should realize the situation in the region, especially because the population continues to grow older, while the number of those who are entitled to pensions is on the rise. The new composition of the so-called supreme soviet and executive of the region must find solutions to secure additional incomes for the pension fund.