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Aktualitet2023-09-28 15:17:00

The decision is approved/ From October 1, pensions will increase by 8.6%, benefiting 767 thousand citizens

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The decision is approved/ From October 1, pensions will increase by 8.6%,

The Council of Ministers at its meeting this Thursday approved the indexation of all categories of pensions to the extent of 8.6%.

According to the government's decision, it is learned that all categories of pensions will be paid with an increase of 8.6% and the beneficiaries will be over 767 thousand citizens throughout the country.

The implementation of this decision starts on October 1 and only for the period October - December 2023, the financial effect on the state budget is calculated at about 3.1 billion ALL, while for 2024 it will be 12.1 billion ALL.

Among other things, within the framework of this decision, it is expected that this increase will be made in the context of covering the change in prices for the period August 2022 - August 2023, measured by INSTAT in a dedicated manner for the category of pensioners (Consumer Price Index for pensioners is different from the population index, as it takes into account changes in the prices of goods and services consumed by pensioners).

The government has continuously, as a protective measure to cope with successive shocks, undertaken policies aimed at strengthening social protection, so the expenses from the state budget have been increasing.

Meanwhile, during the past year, two indexations were carried out, in total to the extent of 9.5%, with a financial effect of ALL 5.4 billion. Year after year these expenses increase further, due to the residual effect for the following year, as this is an acquired and guaranteed right for every citizen who is treated by the scheme, as well as for those who will be included in it in the future . 

Meanwhile, the Social Security Institute will guarantee through the cooperation with the Albanian Post sh.a. and commercial banks the full implementation of this decision for all beneficiary individuals.

The decision foresees the indexation of 8.6% of all categories of pensions, (old age pensions, full pensions, partial pensions, reduced pensions, disability pensions, pensions in the city, in the countryside, pensions given for special state aid , etc.).

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