Poland Proposes Significant Annual Pension Increases to Shield Retirees from Inflation

Poland is set to implement a new mechanism that will see pension benefits increase by at least PLN 150 each year. This initiative is notably aimed at supporting the country’s most vulnerable pensioners, those receiving minimal or near-minimum pension amounts, who are disproportionately affected by rising inflation.

President Elek highlighted that these individuals feel the impact of inflation most acutely. The proposed changes are designed to provide a tangible financial boost, ensuring that the value of their pensions keeps pace with the cost of living.

Regarding the government’s stance, Agnieszka Dziemianowicz-Bąk, the head of the Ministry of Family, Labour and Social Policy (MRPiPS), stated on Radio Zet that amending the existing act is not necesary. She explained that the government has the authority to increase pension indexation annually.”There is no need to change the law.It is indeed the government in a given year that can increase the indexation of pensions,” Dziemianowicz-Bąk affirmed. she also mentioned ongoing discussions with the Presidential Palace to ensure the valorization keeps pace with