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Increase in pensions in BiH: FBiH records a higher growth compared to the RS entity

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Increase in pensions in BiH: FBiH records a higher growth compared to the RS entity

The payment of the January pension to all pensioners in Bosnia and Herzegovina will bring higher amounts on the checks. The oldest in the RS entity will receive an increase of 6.25 percent, and their colleagues in the Federation of Bosnia and Herzegovina will receive about 11 percent.

However, while the authorities announce increases, pensioners say that even with them, the pension is insufficient to cover galloping expenses and provide a dignified life.

“Zero times zero equals nothing”

This is how citizens of the third age in our country comment on the income for which they have worked all their working lives. Retirees in the RS entity received two pensions in December, celebrated holidays, wore themselves out, so now, they say, it is an even bigger challenge to meet the January one, which will be in ten days.

Pensions in the RS entity have increased by 6.5 percent since the beginning of this year, say the RS Pension and Disability Insurance Fund, adding that this is the first adjustment of pensions this year.

Pension growth in Bosnia and Herzegovina – Is it enough to live on?

“It is calculated from 50 percent of the increase in the average salary during the 12 months of the past year and 50 percent from the increase in the rate of inflation, that is, the increase in the cost of living. Somewhere around 635 convertible marks is the average pension, if we count some 6.5 percent, that is, on average, about forty convertible marks, and the average pension from January should be between 690 and 700 KM, which will be some 42 to 42.5 percent.” participation of the average pension in the average salary”, says Mladen Milić, director of the MIO Fund of the RS entity.

Currently, the minimum pension in the RS entity is 330, while the lowest pension in the Federation of Bosnia and Herzegovina is 599 marks. How much the increase will be in the individual amount depends on the amount of the pension and other factors.

With or without an increase, the analyzes carried out year after year show the same result – pensioners in Bosnia and Herzegovina have the lowest pensions in the Western Balkans. And while pensioners in Slovenia or Croatia enjoy the highest pensions, BH. pensioners remain in an unenviable situation, he writes BHRT.

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