PAC Doverie increases all life-long pensions and deferred pension payments for the second year in a row

As of April 2023, PAC Doverie increases all life-long pensions and deferred pension payments. For the period from April 1, 2022, to March 31, 2023, the increase in life-long pensions is 14.26% on an annual basis, and on deferred pension payments it is 8.5% on an annual basis.

The size of the increase in life-long pensions is proportional to inflation for the same period*.

This is the second consecutive increase of pensions and deferred payments granted before the month of April 2022. After the current update, the total increase in the granted first life-long pensions from the month of October 2021 reaches 19.37%.

The company will start paying the increased amount of life-long pensions and deferred payments from April 2023. According to the Rules of the operation of Fund for Life-long Pension Payments Doverie and the Rules of the operation of Fund for Deferred Payments Doverie, payments are made between the 10th and the 15th of the month for which they are due.

*Inflation measured through Harmonized Indices of Consumer Prices (HICP), last published by National Statistical Institute (NSI) as of the date of this material.