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Tuesday, 23.04.2024, 12:07
Estonian government approved of pension increase
BC, Tallinn, 29.01.2015.
Print version
Print versionThe Estonian government approved at its Thursday meeting of the state pension index value for the year 2015, as the result of which, the average increase of pensions from 1 April 2015 is 6.3%, LETA/Public Broadcasting reports.
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20% of the pension index value depends on the change in the consumer price index and 80% on the annual increase of the pension insurance part of the social tax collection.
The consumer price index fell in 2014 by 0.1% compared to 2013 and the collection of the pension insurance part of the social tax grew in a year by 7.9%.
Starting April, the people’s pension rate after indexation is 158.37 euros a month (148.98 euros in 2014), which means that for a person who has worked for example for 40 years, the pension rate is 354.06 euros (333.47 euros).
The cost of indexation of the pensions is around 711 mln euros for the state and the indexation concerns 412,175 pensioners.
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