Pensions to be increased by 3.5 %?

April 24, 2018 1:00 PM

The Managing Board of the Federal Pension and Disability Insurance Institute issued a decision on the advance payment of pensions in accordance with the Article 79 of the Law on the Pension and Disability Insurance.

According to that decision, all pensions, with the exception of the highest pensions and pensions achieved in 2018, will be increased by a total of 3.5 %. This decision covers minimum pension and pensions that were also achieved in 2018, which will be increased by 3.5 % as well.

Compliance for beneficiaries of pensions achieved under the Law on early retirement of the war veterans, in accordance with the provisions of the aforementioned law, will be conducted next month, with the exception of minimum pensions that will be increased by 3.5 %.

Besides the increased pensions for April, during the payment, users will receive the difference between pensions paid for March and the increased pensions, and the payment will take place on Friday, May 4.

The decision on the advance payment of pensions was adopted because the statistical indicators on the increase of gross domestic product have not been officially published yet.

The decision of the Management Board of the Federal Pension and Disability Insurance Institute will be submitted to the Government of the FBiH to give their opinion.

The total funds required for the payment of pensions for the month of April and the differences in pensions for March, with all estimated costs, should amount to about 170 million BAM, as announced from the Federal Pension and Disability Insurance Institute.

(Source: Sarajevo Times)

 

 

 

 

 

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