Government to discuss pension rise next week

The government will discuss a pension rise next week which would raise monthly pensions by 346 crowns. Currently monthly pensions in the Czech Republic average at 8,722 crowns (the equivalent of around 445 US dollars), a little less than half of the average monthly working wage. The proposal to raise monthly pensions is being put forward by the Minister for Labour and Social Affairs Petr Necas. The opposition has criticised the rise as being too low, saying the amount will not be sufficient for pensioners, especially in light of fiscal reforms to be introduced in January.

Author: Jan Velinger