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Thursday, February 29, 2024

14 retirement. Fourteen for seniors. There is a project

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The government’s bill introducing the permanent payment of the so-called 14th old-age pension was received from the arrangements. The document specifies the rules for the payment of an additional benefit for seniors and the minimum amount of “fourteen”.

“The government proposes to introduce an annual payment of the 14th pension from 2023, similarly to the 13. pension“- we read in the justification to the project.

The so-called 14th pension – how much

It was explained that “this action will meet the expectations of the majority of pensioners, providing financial support, especially significant for people receiving low pension benefits”. The solution will be applied to old-age and disability pensions in the general system, farmers, uniformed services, bridging pensions, pre-retirement benefits and allowances, social pensions, teacher compensatory benefits, supplementary parental benefits, a cash benefit for blind civilian victims of warfare and pensions for war and military invalids. According to the draft, the so-called 14th old-age pension will be payable to entitled persons in the amount of: 1) the amount of the lowest old-age pension (currently PLN 1,588.44 gross) in the case of persons whose basic benefit (retirement) does not exceed PLN 2,900; 2) the amount of the lowest old-age pension reduced by the amount of the difference between the amount of the basic benefit and the amount of PLN 2,900 – if the amount of the old-age pension exceeds PLN 2,900.

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The draft law provides for the possibility of specifying a higher amount of the so-called 14th pension. the Council of Ministersnot later than by 31 October of a given year, by way of an ordinance, will be able to specify a higher amount of the next additional annual cash benefit than the amount of the lowest old-age pension.

The bill proposes that the amount of the so-called 14th old-age pension should be at least PLN 50. If the amount of the next additional annual cash benefit is lower than PLN 50, this benefit will not be granted.

“Fourteen” will not be available to persons whose right to benefits has been suspended on the last day of the month preceding the month of payment of the next additional annual cash benefit.

Office decision

The draft proposes that the next additional annual cash benefit should be awarded ex officio on the basis of a decision. The Council of Ministers is to specify, by regulation, no later than 31 October, the month of payment of the next additional annual cash benefit in a given year. The so-called 14th old-age pension will be paid together with the basic benefit on the benefit payment date falling in the month specified in the regulation of the Council of Ministers or on another date in that month, if it is not possible to pay the additional benefit together with the basic benefit. Decisions on the 14th pension will be issued and paid by the competent pension authorities. In the event of the concurrence of the right to benefits that are paid by two bodies, decisions are issued and another additional annual cash benefit is paid Social Security. The draft also regulates the issue of the eligibility and payment of the next additional annual cash benefit in the event of the concurrence of the right to pension benefits paid by different pension bodies, after the date of issuing the decision on granting the next additional annual cash benefit by the pension body. The amount of the next additional annual cash benefit will not affect the rights of persons applying for benefits, allowances, allowances, assistance or support (e.g. rehabilitation relief). There will be no deductions or collections from the amount of the next additional annual cash benefit. The next additional annual cash benefit will be paid in the amount reduced by personal income tax and health insurance premium. The justification to the draft states that the next additional annual cash benefit and the additional annual cash benefit will be financed from the state budget, while maintaining the transitional solution for 2023, in which the financing of additional benefits related to the payment of the 13th and 14th old-age pension from funds from the Solidarity Fund.

Read also: 13rd and 14th pension. “This step is shocking”, the deputy minister replies

Main photo source: Shutterstock



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