Pensions to rise shortly before general election

Parliament approved a revision to the Social Insurance Act sponsored by Sme rodina, according to which pensions will rise by 10.6% as of July 1. An average pension will rise by €61 a month. Costs will top €600m this year. Parents whose children are police officers or soldiers will also receive a parental pension bonus. Parental benefits will be increased from August 1. Ahead of the general election, the already poor long-term sustainability of public finances is given another blows.

(hnonline.sk)