摘要：The phenomenon of aging population recorded in the last period changes significantly the ratio between employees and retirees. Thus, according to the actual pension insurance system in the Republic of Moldova (PAYG), employees have to pay for a greater number of pensions. The state policy of the majority of the countries of the world is directed on expansion of additional pension insurance which in Republic of Moldova is in a stage of the development. In the context of mistrust of many citizens to non-state pension funds, tightening reforms carried out by the state, and increased competition in this market segment research becomes extremely important. Nowadays the pension system is characterized by numerous urgent problems which demand immediate consideration due to economic reasons and demographic recession. To solve this problem, the most appropriate solution is to modify pension insurance system by that proposed by the World Bank, based on three pylons
关键词：private pension funds; income from private pension funds; pension assets; pension reserves
