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“Whether pensions will continue to be indexed is a very important question and is at risk. As you have seen, the latest forecasts by the Ministry of Finance show that changes in both GDP and the wage bill are in the red, which means that the Pension indexation should, in principle, be disconnected from the new year. However, the President’s position is very clear: we must ensure that pensions continue to be indexed next year. There is a need for general consensus and a standard that pensions in Lithuania should be 50%. Vytautas Magnus University Network (“in the hands” – ELTA) “, – I. Segalovičienė said on Friday after the meeting of older people with the President of the country.
According to her, the formula could be modified in the pension indexation system.
“The president proposes to foresee changes in the indexation formula, adhering to the main objective: 50 percent. Vytautas Magnus University,” explained G. Nausėda’s advisor.
For his part, the Minister of Social Security and Labor, Linas Kukuraitis, declared that such an objective could be achieved in the coming years.
“It’s 50 percent. It rang last year as well. As I understand it, this is a term goal, which is an achievement: it is the basic minimum we need to achieve in a few years. Thinking about the size of pensions next year and in what we can and will have to do with the changes in the law, if we want pensions to grow, now we must assume that 50 percent will be achieved at least in the coming years, “said L. Kukuraitis.
The minister assured that budgets are currently being formed, so the exact amount of pensions that could grow next year cannot be said.
“While we are in the budgeting and negotiation process, neither the amount nor the size of the index have been fully agreed. (…) When we reach an agreement in the Government, we will be able to announce the general opinion of the Government together,” explained L Kukuraitis.
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