The indexation for 2023 has exceeded expectations. How much will the minimum pension be?

The indexation for 2023 has exceeded expectations. How much will the minimum pension be?
The indexation for 2023 has exceeded expectations. How much will the minimum pension be?
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The indexation of pensions depends on two factors: “inflation in retirement farms”, ie increases in the prices of goods that pensioners buy, and “at least 20% of the real wage increase”, ie increases in employees. In August, according to GUS data, inflation in Poland amounted to 16.1 percent, and analysts assume that it will continue to grow. Therefore, next year’s retirement benefits will also be higher, but only from March. Until then, seniors will have to deal with higher prices.

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Indexation of pensions in 2023 – how much will it amount?

According to the draft budget for 2023, next year’s indexation will amount to 13.8 percent. This means that the lowest retirement pension (PLN 1,338.44 gross) will increase by PLN 184.70 gross, and the average retirement pension (PLN 2,600 gross) will increase by PLN 358.80 gross. It will be the first time that the average monthly benefit for pensioners will exceed PLN 3,000 – calculated “Gazeta Wyborcza”.

This is a surprising increase, especially as at the beginning of August, the Minister of Family and Social Policy, Marlena Maląg, said that “taking into account today’s data, the indexation of pensions in 2023 will be at the level of approx. 10 percent”. In turn, the deputy minister of family and social policy, Stanisław Szwed, predicted in June that the indexation next year would be at the level of 9.7 percent.

You can read more information from Poland and the world on the Gazeta.pl home page

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Will the indexation of pensions increase even more in 2023?

Przemysław Litwiniuk, a member of the Monetary Policy Council, on TVN24 forecasted at the beginning of September that next year inflation could “break” the level of 20 percent. and in his opinion, it will go below 10 percent. only at the end of 2023 or even at the beginning of 2024. This means that if inflation really grows significantly in the coming months, the indexation will be set at 13.8%. could be even higher.

The government will announce the final rate at the beginning of next year. It is already known that it will definitely be a two-digit number. The calculations of “Super Express” show that it will amount to as much as 19.26 percent.

The article is in Polish

Tags: indexation exceeded expectations minimum pension

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