RIGA - The Latvian Pensioners’ Federation (LPF) board decided on June 10 to support indexing of pensions by a coefficient of 1.04 on the condition that all pensions up to 250 lats (357 euros) a month, not up to 200 lats a month as previously discussed, will be indexed, under a Welfare Ministry proposal last week, reports LETA.The Federation’s board made the decision, fearing for the well-being of those pensioners whose pensions exceed 200 lats by at least one lat. If the Federation’s proposal is accepted, this will require an extra 12.3 million lats from the state bu...
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