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Pensions are increased for 700 thousand pensioners, this is the maximum and minimum level of benefit for each category, the decision is clarified

Pensions are increased for 700 thousand pensioners, this is the maximum and

The government has changed the level of pensions in the country, setting their increase for all categories. With the presentation of the 2021 budget, the government had predicted a pension indexation of 2.7% from April and has already approved the decision on this issue, through which from this month retirees will receive more money. There are 700 thousand pensioners who will benefit. Among other things, the decision defines the levels that the pension will have for each of the beneficiary categories. Specifically, point 4 of this decision states that old age pensions, full family pensions and those for persons with disabilities, defined based on the law "On social insurance in the Republic of Albania", with the changes made in 2014, do not will be lower than 14 thousand ALL. But, also the pension for these categories can not exceed the ceiling value of 28 thousand ALL per month. "Full old age pensions, full disability pensions and full family pensions, determined according to the provisions of law no. 7703, dated 11.5.1993, "On social insurance in the Republic of Albania", as amended, with the exception of pensions determined in accordance with the fourth paragraph of Article 96 of this law, as well as old age pensions of mining employees underground, determined by law no. 150/2014, which have the date of commencement of the right until 31.12.2014, after the date of entry into force of this decision, will not be less than 14. 449 ALL per month and more than 28. 898 ALL per month ", It is said in the decision. As for those persons who receive a supplementary pension under the law adopted in 2009, despite the indexation, they will receive a pension higher than 14 thousand ALL per month. "Early pensions, determined according to law no. 10142, dated 15.5.2009, as amended, with the starting date from the date of entry into force of this decision and onwards, will not be less than 14. 449 ALL per month ”, the decision states.

Here is how much the former oilmen will be paid

Among other things, the decision determines the value of the pension for underground workers after the entry into force of the decision for indexation 2.7%. Specifically, the decision of the Council of Ministers stipulates that persons receiving ordinary old age pension, as well as those receiving old age pension as former oil workers, former miners and former metallurgists will have a pension higher than 14 thousand ALL, but no more than 28 thousand ALL. These are those who have received a pension from the law on Social Security approved in 1993. “Full old age pensions, full disability pensions and full family pensions, determined according to the provisions of law no. 7703, dated 11.5.1993, "On social insurance in the Republic of Albania", as amended, with the exception of pensions determined in accordance with the fourth paragraph, article 96, of this law, as well as old age pensions of underground mining workers, determined by law no. 150/2014, which have the date of commencement of the right until 31.12.2014, after the date of entry into force of this decision, will not be less than 14.449 ALL per month and more than 28 898 ALL per month ” , explains the decision.

INDEXATION

Some categories of pensioners also receive additional compensation for; income compensation of pensioners in the village. This category as well as others who have received compensation from the laws of '66, '93 and '72 for compensation, amended in 2014 will receive more than 16 thousand ALL per month. "Beneficiaries of pensions, according to laws no. 7703, dated 11.5.1993, "On social insurance in the Republic of Albania", no. 4171, dated 13.9.1966, "On social insurance in the People's Republic of Albania", no. 4976, dated 29.6.1972, as well as no. 150/2014, set with the date of commencement of the pension until 31.12.2014, will continue to benefit from the compensations for the minimum monthly income up to 16, 099 ALL per month ”, it is stated in the decision.