The President signed the amendment on indexation of pensions with the index of 113.8% in 2023

The President signed the amendment on indexation of pensions with the index of 113.8% in 2023
The President signed the amendment on indexation of pensions with the index of 113.8% in 2023
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“In the Act on old-age and disability pensions from the Social Insurance Fund, in 2023, similarly to 2022, the applicable indexation rules are modified by:

– increasing the lowest benefits according to:

PLN 1,588.44 for the lowest old-age pension, disability pension for total incapacity for work, survivor’s pension and social pension,

PLN 1,191.33 for the lowest pension for partial incapacity for work;

– application of the statutory valorization rate (determined on the basis of Article 89 of the Act on pensions and disability pensions from the Social Insurance Fund) while ensuring the minimum guaranteed increase of the benefit at the level of PLN 250.

Valorization of benefits

The Act provides that in 2023 the indexation will take place from March 1, 2023 and will consist in increasing the amount of the benefit, in the amount due on February 28, 2023, with the indexation index determined in accordance with Art. 89 of the Act on pensions and disability pensions from the Social Insurance Fund, subject to the amount of the increase guaranteed by the Act, it was also stated.

In the case of a benefit lower than the amount of the lowest benefit to which the guarantee of the amount of the lowest benefit referred to in Art. 85 of the Act on pensions and disability pensions from the Social Insurance Fund, the indexation will consist in increasing the amount of the benefit in the amount due on February 28, 2023 with the indexation index determined in accordance with Art. 89 of this Act.

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In the case of a pension for partial incapacity for work and a group III disability pension, the guaranteed amount of the increase will not be less than PLN 187.50. In the case of a partial pension, the guaranteed amount of the increase will not be less than PLN 125.

In the case of agricultural pensions, Art. 8 of the Act provides that in 2023 the basic old-age pension, which is the basis for calculating old-age and disability pensions from farmers’ social insurance, will be increased using the statutory indexation index. In the case of agricultural pensions in 2023, the amount of the benefit increase will not be lower than PLN 250.

The Act enters into force, as a rule, on March 1, 2023, with the exception of provisions that enter into force on a different date.


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The article is in Polish

Tags: President signed amendment indexation pensions index

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