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Government raises pensions by 5 percent

The annual increase in pensions was yesterday set at 5 percent by the government. The basic old-age pension will be Sk6,400 (€157) a month from July.

Trades unions had asked for a rise of 10 percent, but the 5 percent rise is the most that social security provider Slovenská poisťovňa could afford without causing future financial problems, according to the Labour Ministry.

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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