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Pensions should rise, but by less than expected

Pensions are set to rise by around 5 percent in July, less than the 8.8 percent originally suggested by the Labour Ministry.

Slovak Democratic and Christian Union (SDKÚ) MP and member of the parliamentary committee for social affairs, Zuzana Martináková, said: "I still don't know how the figure [of 5 per cent] was reached, but as far as I know, it is the first suggestion and will be discussed by MPs, trade unions, and employers."

The suggested rise would mean only the second fall in pensions in real terms since 1995. The first fall was in the first year of PM Mikuláš Dzurinda's first term of office in 1998.

Compiled by Conrad Toft from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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