What will pension indexation be in 2023?

Source: iStock

The government’s proposal for the pension index for next year is 9.7 percent. Stanislaw Zuid, Deputy Minister for Family and Social Policy, announced on Wednesday that the final decision will be known at the end of January next year. The estimated cost of the state budget is about 28 billion PLN.

– Today, in the Social Dialogue Council team, we presented the government’s proposal for indexing pensions for the next year – and this is the legal requirement to submit it by June 15. (…). Next year, the index will be at the level of 9.7%. Of course, the final decision will be known next year – said Stanislaw Zuid, Deputy Minister for Family and Social Policy at Polsat News.

He pointed out that The pension index this year was at the level of 7 per cent.Although the legal transfer indicated that it would be at the level of 5.7 per cent. According to a representative of the Ministry of Labor and Social Policy, according to the PAP, Its total cost is 13.5 billion PLN.

Read also: From March, by 7 percent. More for retirees and retirees >>

– Indexing we currently expect will cost moneyExpenditure from the state’s general budget will be at the level of About 28 billion PLN. But you have to expect that it may be higher – added the Swede.

Old-age and disability pensions are subject to annual comparison as of March 1.