Senior citizens with working kids should get a higher pension, labour minister proposes

The Finance Ministry and the Council for Budgetary Responsibility do not agree with the proposal.

Illustrative stock photoIllustrative stock photo (Source: Sme)

Seniors who have working kids in Slovakia could see an increase in their pensions by €20 to €60 per month. The change would happen after the parental bonus is introduced, as proposed by Labour Minister Milan Krajniak (Sme Rodina).

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The parental bonus would increase the pensions of 816,000 seniors who raised 2.3 million working children. Krajniak assumes that the implementation of the parental bonus would cost about €550 million. The ministry has set aside €758 million for the year 2023.

Minister Krajniak expects that 90 percent of working children will use the possibility to increase their parents' pension. The proposal awaits the government’s approval.

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Finances from social insurer

“The unemployment rate is much lower than we expected; the state and social insurer have saved considerable sources,” Krajniak said, as quoted by the SITA newswire.

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