Pensions to rise by at least CZK 650 from January 1

Old-age, invalid and widowers’ pensions will rise by at least CZK 650 from January 1, with further increases depending on the individual’s pension size. This is based on a government approved amendment to the law on pensions which will come into effect from the start of next year. The average pension is therefore expected to increase by CZK 805.

The hike is higher by about 300 crowns than the increase that the pension law would normally allow, based on salary growth and inflation. It was approved by the previous ANO-Social Democrat government.