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Pensions of up to EUR 454 to be increased in October
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    News

    Pensions of up to EUR 454 to be increased in October

    RIGA, Aug 12 (LETA) - On October 1 this year, all pensions of up to EUR 454 a month will be increased, the Welfare Ministry informed LETA.

    Pensioners whose pensions exceed EUR 454 a month will have part of their pensions, EUR 454, increased. This restriction will not apply to pensions of the politically persecuted persons, persons with disabilities, and pensions of those who participated in liquidation of the Chernobyl disaster.

    Last year, all pensions of up to EUR 420 were increased.

    This year, pensions will be increased by a coefficient of 1.0380 and higher, depending on the pensioner's length of insurance period. The longer the period, the higher coefficient is applied to calculate the pension increase.

    Supplements to old-age and disability pensions will also be increased.

    Pensioners do not have to do anything - pensions will be increased automatically by the State Social Insurance Agency.

    • Published: 12.08.2020 16:03
    • Karlis Arajs, LETA
    •  
    • © The given news may not be republished in any way or amount, or otherwise used by the mass media or Internet websites, without written permission of LETA. If this provision is not observed, the matter will be taken to court pursuant to the laws and regulations of the Republic of Latvia.
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