Indexation of pensions and annuities 2024. Increase from PLN 200 to over PLN 400 next year

In 2024, as in previous years, retirees and pensioners can count on the indexation of the benefits they receive from ZUS. According to experts’ expectations, the year 2024 is expected to witness significant and significant increases. The pension will increase from PLN 200 to more than PLN 400.

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The method of determining the amount of pensions and pensions in a given year is determined directly by the Law on Pensions and Disability Pensions issued by the Social Insurance Fund. Under its provisions, the benchmark index corresponds to the average annual price index for consumer goods and services in the previous calendar year by at least 20% of the real increase in the average salary in the previous calendar year. So how much will pensions and annuities increase in 2024?

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How much will pensions and annuities be indexed in 2024?

According to what was reported by the Ministry of Family and Social Policy. The government plans to increase pensions and pensions by at least 12.3% next year. This amount is consistent with government estimates. As Minister Marlena Mallag informed,Pensions and annuities are indexed annually from 1 March. It involves multiplying the amount of benefit and the basis for its estimation by the benchmark index. It is the average annual price index for consumer goods and services in the previous calendar year, which rose by at least 20%. The real increase in average wages in the previous year.

The average pension in 2024 is higher by over PLN 400

If the government’s plans come into effect, then The minimum pension in 2024 will increase by approximately PLN 200 and will reach a total of PLN 1,782 (currently PLN 1,588.44 total). On the other side The average pension in Poland will increase in 2024 with an increase of 12.3% by PLN 430 to PLN 3,930.50. The government justifies the high increases with high inflation, which affects the index of prices and consumer goods, which are taken directly into account when determining the level of indexation of ZUS benefits for the next year.

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