This means pensions and parts of retirement benefits at €349 or lower will be raised by 4.39%.
A monthly pension of €200 will increase by €8.78, and a pension of €300 will grow by €13.17. The minimum pension in Latvia that is €70.43 will grow by €3.09.
At the same time, VSAA noted that personal income tax will be applied on the indexed pension, which means that the sum paid to pensioners will be smaller.
