Old-age pensions to rise by 346 crowns a month on average

As of January 1st, old-age pensions will rise by an average 346 crowns a month, bringing the average monthly pension to 9,111 crowns (around 500 USD). There will be a three-percent increase in pensions for former political prisoners and WWII resistance fighters or their spouses. About two million people are entitled to old-age pensions in the Czech Republic. Trade unions have criticised the rise as too small to cover additional expenses caused by the government’s fiscal reforms.