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Next Previous No reduction in small check HOME • INSIDER • CYPRUS • No reduction in small check
& nbsp & nbspΑδάμος Αδάμου & nbsp; & nbsp;
The increase of all pensions paid by the Social Insurance Fund, at a rate of close to 4%, was formalized on Tuesday by the Ministry of Labor, announcing the decisions taken by the Minister regarding it to deal with inflationary trends.
However, something that is not specified in the announcement of the Ministry of Labor, but emerges from public interventions of representatives of the Ministry of Social Welfare, but also information collected by “F”, is that the increase in pensions, at least at this stage and for the rest 2022, is not expected to affect the allowance received by low-income retirees, as happened in January this year, resulting in a decision of the Council of Ministers to restore the reductions.
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In short, the small check received by those retirees supported by the low-income retirees support scheme will not be negatively affected by the forthcoming increase in TKA pensions, only positively. This is because there will be no adjustment of the benefits of low-income pensioners, despite the increase in pensions from the TKA, which will actually increase their monthly income. & Nbsp; Therefore, by the end of the year at least, those who are supported by the Low Income Retirement Assistance Plan will see after July their remittances increase slightly, due to the increase in pensions, without any adjustment of the small check. In fact, according to information from “Φ”, it is not ruled out that the same will continue in 2023, as considerations are already being made so that the low-income pensioner is not affected by this year's increase in income for those supported by the low-income pension plan. increase in pensions.
Regarding the pensions from the TKA, the Ministry of Labor announced that from July all the pensions of the Social Insurance Fund, including the Social Pension, will increase by the percentage of the increase of the Consumer Price Index of the first half of 2022, in relation to the In the second half of 2021. According to the announcement, based on preliminary actuarial estimates, this increase will be of the order of approximately 4.3% and corresponds to an increase in the annual pension expenditure by € 69 million. , 22% granted to all pensions from 1 January 2022, the total increase of pensions for 2022 amounts to 5.6% achieving a substantial compensation of the total income of pensioners in terms of price increase, since the adjustment is at “The change in the Consumer Price Index”, adds the ministry.
, the increase in pensions in the package of support measures announced by the Government to deal with inflationary pressures, continues to provoke reactions, with EKYSY speaking in yesterday's announcement of mockery.
“The government announced 34 million euros for retirees in the package of measures decided by the Council of Ministers on May 27, at a total cost of 103 million euros. However, EKYSY clarifies that the 4.3% percentage that has been announced to increase the pensions of 165,000 retirees concerns the increase related to the Automatic Indicator Adjustment (ATA) and does not need a decision of the Council of Ministers to be given “, the organization states. He also notes that the costs will be covered by the Social Insurance Fund and insists, as he states, that the government should take into account its suggestions for real support for retirees and especially low-income retirees. She reminds that among her demands is the coverage of the low-income pensioners with the rating of 08 of the EAC, as well as their inclusion in the vulnerable groups of the population, so that they have a 20% discount on electricity consumption. It also suggests the reduction of VAT on basic consumer products as well as a subsidy for medicines that are not & nbsp; covered by the GESY.