Pensions, social allowances expected to rise 15 percent from 2022

Eight groups of people will enjoy a 15 per cent rise in their pensions and social insurance allowances and monthly subventions from January 1, 2022, when a draft decree on the adjustments of these allowances is issued, according to the Ministry of Labour, Invalids and Social Affairs (MoLISA).

According to the ministry, the proposed 15 per cent rise aims to make up for the escalation of prices due to inflation, thus maintaining the value of the pensions and allowances for beneficiaries, and sharing the outcomes of economic growth in 2019, 2020 and 2021 to them as there were no adjustments in pensions and social insurance allowances in 2020 and 2021.

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