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The average pension in Serbia, which amounts to 27,700 dinars, will be increased by at least 1,100 dinars. The new increase, which was officially announced by the Government a few days ago, should be expected with the January pension, and a growth of at least 4% is already known.
Pensions will grow according to the agreed model: the Swiss formula, which means adjusting the incomes of our older citizens with 50 percent inflation and 50 percent growth in average wages.
“If these parameters are taken into account now, each pension should grow by around 4% from January of next year. If the indicators for the following months are taken into account, growth could be even higher ”, says our interlocutor from Nemanjina 11..
They also have an account with the Fiscal Council.
“According to current data, the increase could be around 4%”, Nikola Altiparmakov, member of the Fiscal Council, confirmed to us.
This year, thanks to the Swiss formula, pensions have grown by around 5.4 percent. Now, the growth could be somewhat lower, taking into account the crisis of the crown, but a total of 1.7 million pensioners in the country will surely feel an increase in their pension from January next year.
Practically, from 2021, instead of 10,000 dinars of pension, pensioners will receive at least 400 more dinars, while those with the highest incomes (above 100,000) will have an increase of at least 4,000 dinars. The current cut-off pension of 27,700 dinars will be practically at least 1,100 dinars higher.
Older citizens who receive between 15,000 and 20,000 dinars a month, and who have about 200,000, will have between 600 and 800 more dinars in their wallet, and those with the amount of 25,000 in their check will receive an increase of up to 1,000 dinars.
Among the largest groups of pensioners is the one with incomes of 35,000 to 40,000 dinars. In 2021, they will receive between 1,400 and 1,600 more dinars.
Currently, around 1.7 million pensioners live in our country, among which the majority are from the category of salaried workers – 84.24 percent, followed by agricultural pensions – 10.12 percent, and the least of them are in the self-employed category – 5.63 percent.
According to the Swiss model, pensions have increased by 5.4 percent this year. A year earlier, the government increased pensions in the range of 5 to 22.5 percent.
Mali: On the increase in the coming days
In December last year, members of the Serbian Parliament approved amendments to the law according to which pensions vary according to the Swiss model, and the government announces a new revision.
Finance Minister Siniša Mali stated that one of the topics of the meeting with the IMF representatives in October will be the refinement of the Swiss model of pension growth.
“In the next few days we will have information about the planned increase in pensions for next year, considering that we are just finishing the analysis of wage growth and inflation for September,” Mali said.
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