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Indexation of Pensions in 2024: Increase and Impact on Benefits

The government made a decision on indexation of pensions in March 2024. Benefits will increase by the statutory minimum.

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According to the draft regulation on the indexation of pensions and pensions, which was signed by Prime Minister Mateusz Morawiecki, benefits from March 2024 will increase by the projected average annual inflation rate for 2023, i.e. 12.3 percent. For comparison, this year’s indexation amounted to 14.8 percent. The draft was published on July 28 in the Journal of Laws.

Indexation of pensions and pensions in 2024. How much will they increase?

“With the forecast of the average annual price index of consumer goods and services for households of retirees and pensioners in 2023 at the level of 112.3% and the forecast of the real dynamics of the average gross salary in the national economy in 2023 at the level of 99.9% – the projected the indexation rate in 2024 is at the level of 112.3 percent.” – indicated in the regulatory impact assessment attached to the draft. Therefore, next year’s increases will be the smallest allowed by the regulations. The cost of indexation at the level of 12.3 percent. will cost the state PLN 43.6 billion. In addition to higher benefits, pensioners will also receive 13th and 14th pensions.

Valorization 2024. This is how pensions will increase

As he calculates fakt.pl , with pension indexation by 12.3 percent. benefits will increase as follows:

PLN 1,000 gross pension (PLN 910 per hand) – the benefit will increase to PLN 1,021.93 per hand; PLN 1,100 gross pension (PLN 1,001 per hand) – the benefit will increase to PLN 1,124.12 per hand; PLN 1,200 gross pension (PLN 1,092 per hand) – the benefit will increase to PLN 1,226.32 per hand; PLN 1,300 gross pension (PLN 1,182 per hand) – the benefit will increase to PLN 1,328.51 per hand; PLN 1,400 gross pension (PLN 1,274 per hand) – the benefit will increase to PLN 1,430.70 per hand; PLN 1,500 gross pension (PLN 1,365 per hand) – the benefit will increase to PLN 1,532.90 per hand; PLN 1,600 gross pension (PLN 1,456 per hand) – the benefit will increase to PLN 1,635.09 per hand; PLN 1,700 gross pension (PLN 1,547 per hand) – the benefit will increase to PLN 1,737.28 per hand; PLN 1,800 gross pension (PLN 1,638 per hand) – the benefit will increase to PLN 1,839.47 per hand; PLN 1,900 gross pension (PLN 1,729 per hand) – the benefit will increase to PLN 1,941.67 per hand; PLN 2,000 gross pension (PLN 1,820 per hand) – the benefit will increase to PLN 2,043.86 per hand; PLN 2,200 gross pension (PLN 2,002 per hand) – the benefit will increase to PLN 2,248.25 per hand; PLN 2,500 gross pension (PLN 2,275 per hand) – the benefit will increase to PLN 2,517.83 per hand; PLN 3,000 gross pension (PLN 2,670 per hand) – the benefit will increase to PLN 2,961.79 per hand; PLN 3,500 gross pension (PLN 3,065 per hand) – the benefit will increase to PLN 3,404.75 per hand; PLN 4,000 gross pension (PLN 3,460 per hand) – the benefit will increase to PLN 3,848.72 per hand.
2023-07-31 06:18:00
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