From July 1, the social old-age pension will be increased and will reach the amount of 183.81 euros. The decree for the change is expected to be approved at today's meeting of the Council of Ministers.
At the proposal of the Minister of Labor and Social Policy, the social old-age pension is being raised from the current 170.51 euros to 183.81 euros. The increase is in the amount of 7.8% and is being carried out according to the so-called "Swiss rule," with the specific amount being determined by a decree of the Council of Ministers.
The increase will not only affect the social old-age pension, but will also lead to growth in all pensions that are not related to employment activity. By law, their amount is linked precisely to the social old-age pension.
This group of payments includes military and civil disability pensions, social disability pensions, as well as personal pensions. Supplements to pensions, which are calculated as a percentage of the social old-age pension, will also be increased by the same amount.
For the indexing of the social pension and its related payments by 7.8% from July 1, approximately 9.8 million euros are needed. The funds will be provided for in the draft law on the state social insurance budget for the current year.