Government indexes old-age pensions

The government on Wednesday approved a proposal to increase old age pensions by 371 crowns a month as of January 2010. The indexing is to make up for higher expenditures resulting from the government’s fiscal reforms. The average monthly pension in the Czech Republic is just over 10,000 crowns or 550 US dollars. At its regular Wednesday session the cabinet also approved a proposed amendment to the lottery law which should give municipalities the chance to regulate or even ban gambling in their region.