President Maia Sandu proposes returning to the indexation of pensions once a year based on the rate of inflation for the previous year. According to a bill submitted to Parliament, such a change would mean an indexation in April of 3.7%, equal to the rise in prices in 2020, IPN reports, quoting the presidential press service.

“The introduction of indexation of pensions two times a year, which was pompously promoted by the Socialists in February 2020, continues to affect the pensions. After the shameful indexation of 1% in October 2020, this year in April the pensions would not be indexed at all. This mistake should be urgently corrected. There is money for this indexation,” stated President Sandu, calling on all the forces from Parliament to leave politics aside and to support this proposal.

According to the official, the costs of 426 million lei needed for financing this measure can be covered through the financing agreement signed by the Republic of Moldova and the European Commission on February 22, 2021, to the value of €15 million, and by reviewing current costs for goods and services.

A year ago, Parliament adopted a bill to index the pensions of all pensioners two times a year – on October 1 and on April 1. On April 1, the indexation coefficient represents the inflation rate for the second half of the previous year, while on October 1 – the inflation rate for the first half of the given year.