TIRANA, April 1 /ATA/ At proposal of the Ministry of Finance and Economy, the government approved in its routine meeting the decision “On indexation of pensions”.
The purpose of this decision is to maintain at optimal levels the real value of pensions and other social benefits by recovering the effects of the increase in the consumer price index compared to the previous year.
Based on calculations made by INSTAT, the average annual price increase index of the basket of consumer goods and services of pensioners will be +2.7%.
Also, the draft decision is foreseen to be implemented with financial effect from 01.04.2021, like in previous years, and according to the budget policies of pension increase approved in the budget of 2021.
The Social Insurance Institute is in charge of the implementation of this decision.
The financial effects for the implementation of this decision, estimated in the amount of ALL 2.4 billion, are borne by the fund for pension indexation policies, provided in the budget of the SSI of 2021.
The decision enters into force upon publication in the Official Gazette and extends the financial effects from today./r.e/j.p/p.s./
