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Old-age pensions up 4 percent

Old-age pensions will rise 4 percent as of February 1. Deputies decided on this rise when they approved the old-age pension saving law vetoed by President Rudolf Schuster last year, news wire SITA reported.

President Schuster is convinced that a 4-percent growth in old-age pensions is insufficient and demanded that the pensions be valorized by 6 or 8 percent.

Pensions should go up twice this year. As of December 1, old-age pensions should grow by a rate representing the difference between the average inflation and wage growth and the 4-percent pension valorization from February.

A law on social aid, which changes conditions for receiving aid and the amount of some compensatory contributions for citizens with serious health handicaps, was also adopted.

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

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