The January pension will be higher by the inflation rate
Vesna Damcevska
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Pensioners / Photo: MIA
According to the existing Law on Pension and Disability Insurance pensions are adjusted twice a year - on January 1 and July 1, according to the cost of living index. The Ministry of Labor has not yet announced the increase, probably due to changes in the Government, but according to the Law, pensions will increase as much as inflation growth in the second half of 2021 compared to the first half of 2021.
The last increase was made last June, when comparing inflation from the first 6 months of the year with the last 6 months of 2020, which led to higher pensions by 1,2 percent. Thereby, the increase of the pension in nominal value was 188 denars at the level of average pension and 125 denars at the level of the lowest pension.
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