PM pledges to raise pensions, if economy grows

Pensioners
DELFI / Andrius Ufartas

“We are saying very clearly and I hope that this (the size of pensions) will not depend upon political will, this is linked with the growth of our economy. If the economy continues growing, it will mean we will be able to speak about indexing pensions. If the current processes continue, we could expect to index the pensions and raise them by 23-24 euros, if our gross domestic product grows 2.6-2.7 percent,” Skvernelis told journalists at a news conference on Monday.

Last December, the prime minister said the pensions would grow by further 23 euros in 2018, if the state revenue continues swelling.

Average old-age pensions went up by about 20 euros to 287.6 euros in January. Lithuania’s government at the end of last year decided to increase pensions in 2018 and 2019 by respective 6.9 percent and 6.8 percent.

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