Population ageing impact on pension system in the Republic of Moldova

Population ageing is a worldwide phenomenon, but it is advanced particularly in highly developed northern countries. The phenomena will enface the principal aspects of demographical processes and make the growing of regional imbalances. Ageing is one of the principal phenomena in demographic issues of the world population, which are very large and profound even for the European region. In 50 years the average age of the European population will increase from 37 to 47. Towards the year 2040 every fourth person will be up to 65 years old and every seventh will be up to 75. In different countries the processes develop in a different way. They are specific in demographical essence and for each population. The Republic of Moldova holds the 14th place in the world compared to ageing processes in the countries from the top in matters of ageing. In the next 30-40 years the pensioners will form the biggest part of the society. This tendency will be almost impossible to be modified. The young population is more educated, and receptive to do any modifications and exchanges in society even in periods of transition to market economy.