The document introduces the principle of summarizing the insurance length of service, which means. This means that the right to a pension is preserved regardless of the place of residence, and the periods of work and contributions accumulated in both countries are taken into account when calculating payments. The pension will be proportionally calculated according to the periods of insurance service in each country and transferred to the recipient’s actual place of residence.
As a result, the new treaty replaces and abolishes earlier agreements. It refers, in particular, to the Agreement between the governments of Moldova and Ukraine of August 29, 1995 on guarantees of citizens’ rights in the field of pensions, as well as to the Agreement between the State Social Insurance Fund of the Republic of Moldova and the Pension Fund of Ukraine of October 23, 1998 on the transfer and mutual payment of pensions.
Thus, the document simplifies the procedure of receiving pensions and social payments for citizens of both countries who work or live outside their homeland, ensuring the protection of their social status and the right to pension security.
It should be noted that the signing of the agreement took place on the margins of the High-Level Conference on Social Rights “European Social Charter”. It was attended by representatives of 46 member countries of the Council of Europe.
