Pensions to go up by 8.4 percent as of March

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The Ministry of Labor and Social Policy reported that according to the decision of the Government, starting from March 2022, according to the new Methodology for harmonizing pensions, with the March payment, pensions will increase by 8.4%.

With the legal amendments, a new way of harmonizing pensions was foreseen, whereby the increase in the cost of living and the average salary is taken into account for the calculation. This enables a real increase in pensions in relation to wages, that is, as the average wage grows, pensions will continue to grow as well. The adjustment is made according to the cost of living index in the amount of 50% and the increase in the average salary paid to all employees, also in the amount of 50%.

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