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

DANIEL MIHAILESCU|AFP|Getty Images

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.

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