The Party “Dignity and Truth Platform” (PPPDA) will submit a legislative proposal to modify the pension indexation formula by applying the annual inflation rate coefficient for the previous year, not for the last six months, as the government suggests. The money can be allocated from the National Bank of Moldova’s profit that will be distributed to the state budget, the party’s president Andrei Năstase was quoted by IPN as saying in a news conference.

According to Andrei Năstase, this means that the pensions will be indexed twice a year, on April 1 and on October 1, by 15% cumulatively. “This is by 8% more than the scandalous proposal of Dodon envisions,” stated the politician. The pension indexation formula proposed by the Chicu Government and Igor Dodon is antisocial in relation to pensioners who receive pensions lower than the minimum subsistence level. The MPs of the PPPDA will not support such a bill.

Shortly after Parliament voted to index the pensions two times a year for persons whose pensions do not exceed the minimum subsistence level, the Chicu Government proposed new amendments to the law on the public pension system. The changes approved by the executive on February 12 provide that all the pensions will be indexed two times a year, regardless of their size, but in accordance with a new formula. On April 1, the indexation coefficient will be the rate of inflation for the last six months of the year preceding the indexation and on October 1 – the inflation rate for the first half of the current year.