Higher pensions by 700 denars starting January

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Every pensioner in the country will receive a higher pension by 700 denars next month, informs the Ministry of Labor and Social Policy after the Parliament passed the amendments to the law on pension and disability insurance, which covers over 320 thousand pensioners.

“The increase of 700 denars will enter the pension base, and by the end of the year pensions will be adjusted for another 160 to 200 denars, which means that by 2020 pensions will grow by about 900 denars,” the line ministry said.

They also add that with the forthcoming increase and additional adjustment, the average pension in 2020 will be around 15,500 denars.

 

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