This year, various indices will be applied in the indexation of old-age pensions, depending on a person’s accumulated insurance experience. “We have taken another step closer to respecting the principles of social justice, which in this case means that the longer the insurance period, the higher the index will be applied and the person can expect a larger increase in the old-age pension,” said Minister of Welfare Uldis Augulis.
Aija Barča, chairman of the board of the Latvian Pensioners’ Federation (LPF). For days points out that the law provides for consideration of length of service in indexation, but last year length of service was not taken into account. Therefore, currently LPF is listening to calls from many seniors asking for clarifications, which are being provided. “The Ministry of Welfare’s explanations with examples are also very correct,” adds A. Barča.
Number 683
In 2024, the amount of pensions and compensation or its part, which does not exceed 683 euros, ie 50% of the previous calendar year’s average insurance contribution salary in the country, will be revised. This means that the entire amount of pension and remuneration will be indexed, if it does not exceed 683 euros. On the other hand, for them
Read the whole article in newspapers Day in the issue of Thursday, August 15! If you want to continue reading the newspaper in printed form, you can subscribe to it+
2024-08-17 00:16:58