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LAW OF THE REPUBLIC OF MOLDOVA

of November 8, 2001 No. 613-XV

About recalculation of pensions

(In edition of the Law RM of April 19, 2002 N1003-XV)

The parliament adopts this organic law.

Art. 1. - Since December 1, 2001 and since May 1, 2002 old-age pensions, on disability and on the occasion of loss of the supporter, appointed and recalculated according to the Pensions act of the national social insurance No. 156-XIV of October 14, 1998 are recalculated.

Art. 2. - Recalculation of pensions is made according to appendices 4 and 5 to the Pensions act of the national social insurance in which since December 1, 2001 the Pm 1, Pm 2, Pm 3, Pm4 and Pm5 indexes have respectively the following values: 85, 100, 105, 100 and 70. Since May 1, 2002 the Pm 1, Pm 2, Pm 3, Pm4 and Pm5 indexes will have respectively the following values: 110, 125, 130, 125 and 85.

Art. 3. - Sm # to 407 lei is applied to recalculation of pensions (the average salary over the country as of January 1, 2001).

Art. 4. - In case of incomplete insurance years of service the size of pension is determined in proportion to the confirmed insurance years of service. For persons to whom pensions were granted till January 1, 1999 the insurance years of service are determined according to the regulations operating at the time of award of pension.

Art. 5. - In each case of recalculation the amount of increase in full pension cannot be lower than the size of increase in guaranteed minimum.

Art. 6. - Recalculation of pensions is made according to data of pension documents.

Art. 7 - Since May 1, 2002 increase by 25 lei:

the granted pensions and pensions which will be granted after May 1, 2002 based on the Pensions act of the national social insurance, estimated without application of the minimum guaranteed by the state;

the granted pensions and pensions which will be granted after May 1, 2002 to separate employee categories of civil aviation, estimated based on the Pensions act of the national social insurance;

the granted long-service pensions which payment is performed from budget funds of the national social insurance.

Art. 8. - The expenses connected using provisions of this law become covered from budget funds of the national social insurance.

 

Chairman of the parliament

Eugenia Ostapcuc

 

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