The Council of Ministers approves the increase of pensions by 2.3%

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The Council of Ministers approves the indexation of pensioners' pensions and other categories that are financially treated with pensions or income provided by the social security system. This measure, although taken in a special situation, is an effort of the government to better cover the economic needs of this layer of the population. It is emphasized in the official announcement made by the Ministry of Finance and Economy.

The financial effects from the implementation of this decision are foreseen in the amount of ALL 2.1 billion and, based on the calculations of the increase of the price index for 2019 to 2018, the project foresees the total recovery of the negative effects of the increase of the prices of goods and services of the basket. retirees.

The change in the average price index for the whole population is 1.4 %, the pension index is based on the change in the prices of goods and services of the pensioners basket, where the highest specific weight is addressed to the item food and non-alcoholic beverages.

The implementation of this decision will benefit over 669,500 pensioners, over 12 thousand mothers who are self-employed in the agricultural sector and benefit from childbirth and 14 thousand future beneficiaries, bringing the total number of beneficiaries to 682 800.

Payments with increased allowances will start to be received immediately in April of this year.

The 2.3% increase benefits all persons receiving a disability pension, family, early retirement and those who have worked in hard work and heavy industries.

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