The planned pension increase from January 2023 had been negotiated for weeks, and the agreement is now fixed for a few days: Compensation and minimum pensioners will receive 10.2 percent more, who receive small and medium-sized pensions of up to 1,700 euros per year. month increased by 8.2 percent. In addition, there is a continuous scheme with a decreasing increase to 5.8 percent from 2,360 euros per month. “The relevant inflation rate for the pension increase is 5.8 percent, which was also the legal basis for the increases,” said Ingrid Korosec, president of the ÖVP Senior Citizens’ Association, in a TV interview with Gerhard Koller.
“However, during the negotiations, we managed to increase all pensions below 2,360 euros per month significantly more than this legally defined figure – to 10.2 percent”. However, the current shopping basket for retirees – which includes everyday goods, but also energy costs, for example – has increased by about 15 percent. Which means that the pension increases do not cover the actual price increases: “It should be clear to all of us that we are losing wealth in difficult and crisis-ridden times like now. The state cannot completely replace everything, we have to be aware of that”, says Korosec. Energy costs will be evaluated in March next year. If an unexpectedly large increase in costs is observed, then pension benefits can be improved. “We still have to negotiate this, but we have the commitment to these negotiations,” says the chairman of the Seniors Association. You can discover exciting details about the older generation’s greatest concerns in the video above.
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Source: Krone
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