Optional pensions to be set up in Moldova

11:36 | 20.11.2020 Category: Economic

Chisinau, 20 November /MOLDPRES/- MPs approved today in the second reading the draft law on optional pension funds. 88 lawmakers voted for this document.

The document sets out the legal framework for the establishment and operation of voluntary pension funds based on individual capitalized savings, requirements for the organization, licensing and activities of administrators, rules on storage of voluntary pension funds and the supervisory powers of these entities.

The new law will replace the non-functional law on non-state pension funds, adopted in 1999.

photo: joblist.md

Any material published on the website of the Public Institution ’’A.I.S. Moldpres’’ (Moldpres News Agency) is intellectual peoperty of the Agency, protected by the copyright. The taking over or/and use of these materials will be made only with the Agency’s agreement and with compulsory reference to source.