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 …   

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. Since June 2013 readers can consult our archive and search through all articles in our database at www.cbnarchive.euYou may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.

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