Retirement pensions in Kosovo go up by 33%

Retirement pensions in Kosovo go up by 33%

Pristina, 20 May 2016/Independent Balkan News Agency

By Elton Tota

In this time of crisis which has affected the entire region and especially the European Union, the significant rise in retirement pensions that the government of Kosovo announced, is seen as good news.

The government of Kosovo approved today (Friday) the decision to increase pensions by 33%.

Prime Minister of the country, Isa Mustafa says that this is a great achievement by the government of Kosovo, which is delivering this request that elderly people have addressed for years.

“Although we cannot offer pensions based on the contributions that pensioners have made, today’s decision improves standards”.

He says that the increase is by 33% and that this will be done based on a structure.

The head of the government said that the lowest pension will be 158 euros, while all of those pensioners who have attended high school, will receive 172 euros. Meanwhile, all of those pensioners who have attended university will receive no less than 230 euros.

The minister of Social Affairs, Arban Abrashi said that this decision aims at offering more decent standards of living for pensioners in Kosovo.

Minister of Finance, Avdullah Hoti assured pensioners that this rise will also apply for the period from January to May 2016. /