ZAGREB, 20 Aug, 2021 - The indexation of pension allowances on 1 July will lead to their rise by 2.46%, which means that the average increase will be 68.93 kuna, with the lowest pensions going up by HRK 42.77 and the the highest by HRK 180.47, the Večernji List (VL) daily reported on Friday.
Pensions are indexed twice a year, on 1 January and 1 July, to account for increases in living costs and to be adjusted to changes in the gross average monthly pay. The latest calculation of these two variables paves the way for the 2.46% increase in pension allowances as of 1 July.
In July, there were 1,143,592 pension recipients in Croatia, and the average pension was HRK 2,581.99.
17.5% increase in pension allowances since October 2016
Since October 2016, the average pension has increased by 17.5%, the Zagreb-based daily reported.
The lowest pension, HRK 1,738.48, is currently paid to 270,495 beneficiaries.
A total of 1,752 recipients get pensions in the amount of HRK 7347.17. Their allowances have increased by HRK 1,376 kuna since October 2016.
(€1 = HRK 7.5)
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