With almost a third of its population pensioners, Europe’s poorest nation raises retirement age


Moldovan MPs on Monday approved raising the retirement age to 63 years from the current level of 57 for women and 62 for men, a reform that is part of a three-year-old assistance programme agreed with the International Monetary Fund.

The retirement age will be lifted gradually by a few months every year until coming fully into effect in 2028.

Life expectancy in the ex-Soviet country -- Europe's poorest -- is 67.5 years for men and 75.5 years for women. In a country with a population of 3.5 million, of which 1 million are abroad, there are more than 700,000 pensioners.

Follow CNBC International on Twitter and Facebook.