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The law proposes to legalize that the size of the state pension base is indexed in accordance with the procedure established by the State Pensions Law and its size is approved by the Law of Approval of Financial Indicators of the State Budget and Municipal Budgets for the year respective.
On Thursday, after the presentation, the Seimas approved by consensus the draft reform to the Law of Determination of Reference Indicators of Social Assistance Benefits and Basic Amount of Sanctions and Sanctions. It was presented to the Seimas by Rimantė Šalaševičiūtė, Chairperson of the Committee on Labor and Social Affairs.
The bill proposes to abandon the provisions that the amount of the state base pension cannot exceed the amount of the valid social security basic pension and that the amount of the state base pension is approved by the Government.
According to R. Šalaševičiūtė, the project has been prepared taking into account the changes proposed in the State Pension Project. The project proposes to establish a mechanism for indexing the amounts of state pensions for victims, investigators, first and second degree, civil servants and the military and judges. State pensions, the size of which is measured by the state pension base (state pensions for victims, investigators, first and second degree), are expected to be indexed by multiplying the state pension base by the indexation coefficient. The size of the state pension base is expected to be approved by the Law for the Approval of Financial Indicators of the State Budget and Municipal Budgets for the respective year.
The draft bill for the approval of financial indicators of the state budget and municipal budgets for 2021 proposes to approve the indexation coefficient of state pensions for 2021 and the new size of the state pension base. At that time, the Law on Determining the Benchmark Indicators of Social Assistance Benefits and the Basic Amount of Sanctions and Sanctions currently stipulates that the size of the state pension base cannot exceed the amount of the basic insurance pension current social status and that the size of the state pension base is approved by the Government.
The aim of the project presented by R. Šalaševičiūtė is to harmonize the provisions of these laws and thus ensure a smooth indexation of state pensions.
Current law stipulates that the amount of the state base pension cannot exceed the amount of the valid basic social security pension, and the amount of the state base pension is approved by the Government.
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