What Do We Do About Pensions?

The public pension system of the Republic of Moldova is sustainable neither financially nor socially. While total expenditure of the State Social Insurance Budget (BASS) amounts to about 11% of GDP – a higher level than in the countries of the region, the average pension does not cover the subsistence minimum, and the ratio of the pension to the average wage is the lowest in the region Data collection: Expert-Grup, including on the basis of the study “The Public Pension System and Intervention Measures”.