Minimum State Pension to Rise to €374.62 from 1 July under Draft Social Security Budget

The minimum state pension is set to rise to €374.62 from 1 July under the draft State Social Security (SSS) budget, according to information available to BNT

The maximum pension will also be adjusted from 1 July in line with the Swiss indexation rule. The minimum monthly insurable earnings threshold will be €660 from 1 January, while the maximum will be €2,400.

Maternity benefit for the second year of leave is expected to rise to €450 from 1 January.

The minimum unemployment benefit will be €13, while the maximum will be €60.76.

The SSS budget exceeds €16 billion. Pension expenditure is set to top €14.6 billion, with more than €6.7 billion to be covered by a transfer from the state budget.

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