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According to the Presidency report, after the application of the law, pensions will increase by 9.6% next year, and the average monthly pension will increase by 38 euros.
“The president sees the growth of long-term pensions as one of the key measures to reduce the poverty rate of the elderly and guarantee the social and economic rights of the elderly,” the report said.
It is noted that among the objectives of the implementation of the welfare state, G. Nausėda plans to reduce the difference between the highest and lowest income population by at least 5 times in the next four years.
This gap has been narrowing recently, but it still stands at 6.4 times. Last week, the Seimas approved changes in the indexation of social security pensions. It would not be possible only if changes in gross domestic product and wage bill were negative.
The indexation of social security pensions, which has been carried out since 2017, has resulted in almost one million of these pension beneficiaries having received their pensions annually: in 2017 – 6%, in 2018 – 6.94% , in 2019 – 7.63%, in 2020 – 8.11 percent.
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