Bad news for seniors. The indexation of pensions in 2023 may be lower than assumed. What it comes from
The valorization of pensions in 2023 will be lower than expected? How much can it be?
According to the “Super Express” portal, the latest data indicate that next year's indexation of pensions may be lower than previously thought. All because of slowing down the growth of wages. In August this year, the average salary increased by 12.7%. compared to the previous year. In July, the increase was higher and amounted to 15.8 percent. How will the slowdown in wage growth affect the amount of next year's indexation of pensions?
Indexation of senior benefits in 2023
There are many indications that next year's indexation of benefits may turn out to be lower than indicated by the previous calculations. All due to the slowdown in the growth of average wages. The August data of the Central Statistical Office shows that the growth was lower than in July – it was lower by 2.9%.
Comparing the current average wage growth rate with inflation of 16.1%, we will obtain an indexation of 18.64%. This would mean that the pension in the amount of 2,500,000 PLN would increase by PLN 466, which means a decrease by PLN 16 compared to the previous calculations. In the case of pensioners receiving the benefit of PLN 5,000, the decrease is PLN 31.
The final value of the indexation will be known in February 2023. According to the government's assurances, the rate of increase for seniors is to be two-digit. According to economists, inflation will also remain at double-digit levels. If the indexation is lower than the level of inflation, it will make the rises fail to fulfill their role.
The purpose of valorizing benefits is, among other things, to keep them in line with inflation.
Do you think that the current trend will continue?