No pension hikes this year
Pensioners in Serbia will not receive any increases in 2009, with average pensions remaining at RSD 21,700 (some EUR 250).
Friday, 02.01.2009.
13:10
Pensioners in Serbia will not receive any increases in 2009, with average pensions remaining at RSD 21,700 (some EUR 250). At the same time, the lowest amount paid from the state funds to retirees will be RSD 11,000 (just under EUR 130). No pension hikes this year Pensions were in the previous period harmonized twice a year, to catch up with the rising cost of living and salaries. The new budget does not envisage any increases, but Deputy PM Jovan Krkobabic – whose party campaigned on a platform of significant pension hikes – said "checks will be performed quarterly to see if there is money for a raise". In the meantime, associations gathering pensioners have asked the government to make sure that their income, just as the wages, keeps up with the projected inflation of eight percent this year. Pensions increased a total of 14.3 percent in 2008. But as the government negotiated a new arrangement with the IMF last October, this international financial institution insisted on curbing of the public spending, pensions included. The government accepted this and announced a freeze, saying at the same time that increases will be possible, if there is money.
No pension hikes this year
Pensions were in the previous period harmonized twice a year, to catch up with the rising cost of living and salaries.The new budget does not envisage any increases, but Deputy PM Jovan Krkobabić – whose party campaigned on a platform of significant pension hikes – said "checks will be performed quarterly to see if there is money for a raise".
In the meantime, associations gathering pensioners have asked the government to make sure that their income, just as the wages, keeps up with the projected inflation of eight percent this year.
Pensions increased a total of 14.3 percent in 2008. But as the government negotiated a new arrangement with the IMF last October, this international financial institution insisted on curbing of the public spending, pensions included.
The government accepted this and announced a freeze, saying at the same time that increases will be possible, if there is money.
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