Changes in pensions worry the expert: similar conditions exist before the crisis



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As the Minister of Social Security and Labor, Monika Navickienė, explained to LNK news, the Seimas adopted such a decision to ensure that the amount of pensions does not decrease due to minimal economic fluctuations.

However, MP Kęstutis Glaveckas recalled the latest forecast: 2% is forecast for the Lithuanian economy. the budget will be in deficit and the pensions obtained under such conditions will further increase Lithuania’s debt.

“Indexing when the economy is depressed is unpredictable and makes sense. This can be done by borrowing, at the expense of grandchildren and other people, ”said K. Glaveckas.

For his part, the Social Democrat Algirdas Sysas explained that pensions could be raised next year because the average salary is also rising.

“As the wage bill grows, there is something to index pensions to,” he said.

At the time, economist Algirdas Bartkus pointed out that the phenomenon when the economy slows down and wages rise is a bad sign. Until now, he said, this was the case before crises.

Algirdas Bartkus

Algirdas Bartkus

© Personal album

“Wage growth always accelerates before the end of the cycle. Before the Russian financial crisis, it was characterized by that acceleration, before the financial crisis of 2008, the growth rate was characterized by that acceleration, and now it is characterized Because of that acceleration. Before the economic cycle changes, from the growth phase to the recession phases, we always observe its growth fast enough, “said A. Bartkus.

According to Prime Minister-designate Ingrida Šimonytė, peasants who even spoke about pension number 13 before the elections did not plan to increase any pension for the elderly next year.

“For some reason, the outgoing government forgot to predict the money,” said I. Šimonyturó.

The eldest, who was interviewed by LNK journalists, said that before the pandemic he felt his pension was increasing.

“It was. I can’t say I didn’t feel it,” admitted the older one. She was seconded by another woman who said she managed not to suffer financially and even save money during the pandemic.

Currently, the average non-compulsory pension is € 377. As a result of the indexation, the average pension will increase by 27 euros, and the president proposes adding another 7 euros to increase the average pension faster than the average salary. Thus, in total next year the pension would increase to a tenth. It will cost the budget a third of a billion euros. A significant part will lend.



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