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Ekonomia

Here's when the increase in pensions for the elderly will start, how much they will receive and all the categories that will benefit, economic expert Eriola Hoxha reveals the latest scheme

Here's when the increase in pensions for the elderly will start, how much

The economy expert, Erjola Hoxha, has commented on the latest developments regarding the issue of pensions. In a television interview, she spoke yesterday about the increase in pensions and pensioners' bonus. According to the expert, the issue of the bonus is all a misunderstanding because there is no pension bonus in the month of April since it was withdrawn at the end of the year by pensioners, but on the other hand the government is in talks for a project that consists of increasing the value of pensions starting from the lowest category. Hoxha also mentioned all the categories that are expected to benefit from this increase. Asked about the discussions about an extra bonus that is expected to be given by the Government in April for pensioners, she said that this news is not true. "I think it is a misinformation because the year-end bonus has been withdrawn from the category of pensioners in the value of 5,000 new lek in December 2023, and what may have been misinterpreted is the launch made by the Minister of Finance and Economy for a project of jointly with the World Bank, a project which consists of increasing the value of pensions starting from the lowest category. So we are not talking only about the category of pensioners who have made a contribution to the public or private sector, but about several categories of pensions provided for by the law on social and health insurance in the Republic of Albania. At this stage, the pension with the lowest value to the pension with the highest value is provided according to an upward trend, starting from simple pensioners and social pensions, but also family support pensions, disability pensions, social impossibility pensions, military pensions as also those of disability acquired at the workplace, which are pensions with a significant value, which compared to the expenses that these pensioners have for the care and improvement of their health condition are negligible. Now in April, it is the indexation that is carried out once a year, and we must keep in mind that the indexation and the bonus are two different things. Indexation benefits all pensioners", said Hoxha.

Details on indexing

Furthermore, the expert has also shown how pension indexation is calculated and what are the expectations for ordinary pensioners. "It is calculated starting with the value of the pension that a retiree receives on top of the basic pension, but there is a percentage that is set by the state depending on the total fund that was decided and approved at the beginning of the year in the 2024 budget, this value is distributed in a way equal to all pensioners. The increase was made in the amount of 1500 lek and 2500 new lek for pensioners in the village and pensioners in the city, but the bonus is the increase that for 4 years they benefit at the end of the year, i.e. on the eve of the holidays as reimbursement of the high value of the expenses. There is no other bonus now in the month of April as discussed above and below. There will also be a specific budget for the category of pensioners who receive a minimum pension, which after calculations of the lowest pension values ??will be distributed precisely for this category, but it has not been decided yet because it is still in the discussion phase and there is still no approved budget", she said.

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