Analytics, Financial Services, Legislation, Lithuania, Pensioners
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Thursday, 18.04.2024, 11:12
Lithuanian pensions to rise by EUR 13.5 in October
"We propose to increase the basic pension by 10 euros, from 120 euros
to 130 euros. Starting October, this will affect all pensioners except for
widows and widowers - around 840,000 people in total," Social Security and
Labor Minister Linas Kukuraitis told
members of the Cabinet.
"Pensions for those with minimum qualifying period will rise by 13
euros on average," he added.
The increase will cost the state social insurance budget 31 euros this year
and another 124 million euros next year.
The average old-age pension in Lithuania has risen by around 20 euros since
the start of the year to some 288 euros. The average pension will likely
increase to 330 euros next January due to indexation, which will require around
300 million euros in budget money.