Czech Republic - Indexation of pensions improved - February 29, 2016

The government approved a draft amendment that would enable it to raise pensions more if their indexation under the valid law were too low, but maximally by 1.7 percent a year. According to the current law, pensions are regularly raised as from January by one third of the previous growth of real wages and prices. These indicators were low in the period preceding the 2016 increase.

English: http://www.ceskenoviny.cz/news/zpravy/czech-government-changes-rules …   

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