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Latvia to Implement Indexation of Basic Pensions Starting This October

Latvia to Implement Indexation of Basic Pensions Starting This October

Latvia to implement indexation of basic pensions starting this October. The best immigration news can be found on the Worldway Investment Immigration official website.

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The Latvian Parliament has passed an amendment to the Law on State Pensions, which stipulates that starting from October 1 of this year, the basic pension (285 euros) will be indexed, meaning the pension will be linked to the actual consumer price index and the growth rate of wages.

 

The specific calculation method is the actual consumer price index plus 25% of the growth rate of the average wage subject to social insurance contributions.

 

Source: Economic and Commercial Counselor's Office in Latvia

Investment involves risks, the above information is for reference only

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