The Parliament adopted the proposed changes to the retirement law, that will restore the model for calculating pensions that was abandoned in 2018.

The model will increase retirement incomes as they will be aligned to the cost of living and the fluctuation of the average wage. The ruling SDSM – DUI coalition was under strong pressure to make this change after it increased the minimum wage – this move prompted other interest groups to come up with their own demands.

It’s expected that starting with September, about 330,000 retirees will see their pensions go up by about 15 EUR.