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Indexation of pensions and disability pensions in 2024 – if benefits increase [TABELA]

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The government forecasts that the indexation of pensions and disability pensions in 2024 will be at the level of 12.3 percent. How much will gross and net benefits increase? We have prepared a table that allows you to check what raises seniors can count on.

Old-age and disability pensions are indexed annually on 1 March. It consists in multiplying the amount of the benefit and the basis for its assessment by the indexation index. It is the average annual price index of consumer goods and services in the previous calendar year increased by at least 20%. real increase in the average salary in the previous year.

This year, the valorization was based on amounts and percentages – benefits increased by 14.8 percent, but not less than PLN 250 gross. The scale of the increases pensions was the highest in two decades inflation.

Indexation of old-age and disability pensions in 2024

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How much will pensions increase next year? According to government forecasts, about what family minister Marlena MalÄ…g announced last weekthe indexation is to be 12.3 percent.

This means that in the case of the lowest pension, which in 2023 is PLN 1588 gross (PLN 1,445 net), its amount in 2024 will increase to PLN 1783 gross (PLN 1,623 net) – gives it PLN 178 net increases.

In the case of a pension at the level PLN 2,000 gross (PLN 1,820 net) indexation at the level of 12.3 percent. will make the benefit amount in 2024 PLN 2,246 gross (PLN 2,044 net), i.e. about PLN 224 net more.

These are just a few examples, so below we present a detailed table in which you can check how much pensions can increase after indexation.

How much can pensions increase after indexation in the amount of 12.3 percent. in 2024TVN24 Business

Old-age and disability pensions in 2024 – how much will the indexation be?

The amount of increases in 2024 may change. It should be remembered that the final indexation rate is known several days before the indexation, when the Central Statistical Office provides data on real wage growth, on which the final indexation index depends. In addition, the rulers can also – as it was this year – decide on the amount-percentage indexation, with the minimum amount of the increase.

Currently, the lowest pensions, disability pensions, family and social pensions amount to PLN 1,588.44 gross. The lowest disability pension for partial incapacity for work is PLN 1,191.33 gross.

You can receive a minimum old-age pension after meeting certain conditions: reaching the statutory retirement age (60 years for women and 65 years for men) and insurance period of 20 years for women or 25 years for men.

Main photo source: Shutterstock/ Dariush M

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