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Minimum pensions approved

PENSIONERS in Slovakia should receive at least the guaranteed minimum pension as of July 1, according to a change proposed by the Labour Ministry. 

(Source: SME)

Every person who paid the retirement savings for at least 30 years and reached the retirement age will be entitled for it, according to the amendment to the law on social insurance passed by the government on February 18.

The minimum pension for 2015 was set to €269.50.

“The minimum pension is a measure typical for left-oriented governments,” Prime Minister Robert Fico said after the government session, as quoted by the TASR newswire. “We want to guarantee with it that people who have been working for several years cannot fall through the social net. They will however receive the minimum pension which is still higher than what they received before.”

Under the proposal of the Labour Ministry, the minimum pension will increase with every year worked. Those who paid the retirement pension for 40 years will, for example, get €311.10 next year, as reported by TASR.

The new rules will apply on people receiving pensions, early pensions and disability pensions. According to the Labour Ministry calculations altogether 72,392 pensioners will be entitled for the minimum pension.

The pensioners will receive the money only from the state-run social insurer Sociálna Poisťovňa. It will be part of the pension, so people will not have to separately request it. The Labour Ministry also expects that the pensioners will not have to ask for subsidy in material need, TASR wrote.

The minimum pension will also be valorised, similarly to subsistence allowance.

The opposition Most-Híd party commented that if the incorrect settings in the two-pillar pension scheme are not corrected, the amendment will only be a marketing move, the SITA newswire wrote.

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