Czech Republic - Swift increase of pensions predicted - January 31, 2018

The pensions will increase in 2018 faster than in the past years because the calculation of their indexation will change and as of the beginning of the year, they will be increased by one-half of the growth in real wages instead of the current one-third and by the inflation rate. Due to this, the average monthly pension will rise by 475 crowns in January 2018 (with the old method the average sum would be 65 crowns lower). More changes are planned. The fixed part of the pension, which is the same for everyone and amounts to 9% of the growth salary, will rise from 2550 to 2700 crowns. The proportion of the pension that is set down according to the years spent at work and paid sums will be increased by 3.5 percent. There will be also a 35 percent rise in the additional payments to the pensions of resistance fighters and their families. 

Read on: in English …

For more information, please contact the editor Jan Cremers or Nuria Ramos Martin, 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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