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Cabinet approves contribution for pensioners

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Prague, June 15 (CTK) – The Czech government Monday approved a one-off contribution of 600 crowns for each pensioner to be paid out in December, Prime Minister Bohuslav Sobotka (Social Democrats, CSSD) writes on Twitter.

The bill is yet to be passed by the two houses of parliament, however, Sobotka’s centre-left government holds a majority in both the Chamber of Deputies and the Senate.

This compensation for pensioners will cost the state 1.7 billion crowns and it will be paid from the Labour Ministry’s budget.

“I’m glad that we managed to reach a compromise in the coalition,” Sobotka wrote.

Seniors, too, should benefit from the faster economic growth, Sobotka told CTK.

Labour Minister Michaela Marksova (CSSD) originally proposed a 1.8-percent increase in pensions, but Finance Minister Andrej Babis (ANO) rejected it.

According to Czech law, the pensions are raised by inflation and one third of the increase in real wages. This indexation regularly occurs at the beginning of the year.

In January, the monthly pensions were raised by 200 crowns on average. Next year, the indexation will raise the monthly pensions approximately by 100 crowns.

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