Estonia, Financial Services, Legislation, Pensioners
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Friday, 26.04.2024, 02:38
Estonian government postpones parent's pension
BC, Tallinn, 29.05.2014.
Print version
Print versionThe Estonian government initiated on Thursday amendments to the income tax law, increasing the non-taxable income rate to 154 euros per month and additional non-taxable pension income rate to 220 euros per month; at the same time, the government decided to postpone the enforcement of parent's pension till 2018, LETA/Postimees Online reports.
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The bill carries out the income tax law changes included in the new government's program of action. Currently the non-taxable income rate is 144 euros per month and non-taxable pension income rate is 210 euros per month.
The government decided to postpone also the time of implementing an additional pension supplement, or the so-called parent's pension till January 1, 2018. According to the plan, a pension supplement will be added to the pension for raising a child born before 2013.
This affects 226,992 pensioners who would have been entitled to such a pension supplement starting 2015.
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