Indexation of pensions and benefits this year is estimated to cost EUR 41.6 million, according Aiga of the Welfare Ministry.Retirement and disability pensions as well as benefits will be indexed on October 1 this year. All monthly pensions of up to EUR 420 will be indexed. For pensions that larger than EUR 420 a month, only the part equal to EUR 420 will be indexed. According to preliminary estimates, in 2020 around EUR 166 million will be needed for the task. Welfare Minister Ramona Petravica (KPV LV) said that this would be the largest pension indexation in recent years, ensured by the ec...
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