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The Council of Ministers takes the decision on the end-of-year bonus for pensioners, here is when the payment of the bonus is expected to start
Written by SOT.COM.AL 4 Dhjetor 2023
The Council of Ministers approved the year-end bonus that will be distributed to pensioners and other persons who benefit from financial treatments.
The Minister of Finance, Ervin Mete, announced that a fund of 3.5 billion ALL has been approved and pensioners will benefit from the amount of 5 thousand ALL. The year-end bonus will be distributed from today along with the monthly pensions throughout the month of December by the Social Security Institute. The reward, which will benefit about 700,000 pensioners, but also other categories that benefit from financial treatments, can be withdrawn even after the end-of-year holidays.
The Council of Ministers approved the decision to reward pensioners and other persons who benefit from financial treatments with the year-end bonus, in the amount of 5 thousand ALL, with a total fund of 3.5 billion ALL. The end-of-year bonus will be distributed together with the monthly pensions during the month of December by the Social Security Institute. The prize can be withdrawn by the beneficiaries even after the end of the year holidays.
This is the second bonus given this year, after the one granted in April, which will benefit about 700,000 pensioners, as well as other categories that benefit from financial treatments. In the last three years, 25 billion ALL have been allocated for the indexation of pensions, which with the estimated budget for the next year will reach nearly 30 billion ALL and will have a permanent effect on the state budget. Pensioners can withdraw the bonus of 5 thousand lek starting from today. In total, 767 elderly people who are treated with pensions are expected to benefit.
In this year's budget, 3.5 billion lek in total have been programmed that will go to the pensioners' bonus, but the beneficiaries will also be the individuals who benefit from disability pension, persons who are treated with family pension and social pension. The distribution will be done at all counters of the Albanian post office where pensions are withdrawn, while for those who take it to the bank, the transfer will be done automatically. This is the second bonus for pensioners of the same value after the one given in April as a measure to ease price hikes.
Meanwhile, on October 1, over 767,000 individuals of all pension categories have benefited from indexation to the extent of 8.6% of the pension they receive. In the 2024 Budget, 4.1 billion ALL and 3.6 billion ALL for the end-of-year bonus for pensioners have been provided for the indexation of pensions.
On November 27, Prime Minister Edi Rama announced that unlike other years, the bonus for pensioners will be distributed earlier this year-end.
During the speech held at the Extended Assembly of the Socialist Party in Vlora, Rama said that the government has provided a fund of 250 million euros for pensioners in the next year's budget, and that despite the desire to do more, there is an unclosed hole. inherited from the previous government, such as the failure to pay social security.
"In next year's budget, we have allocated another 250 million euros for pensioners. Of course, we would like this amount to be even greater, but in the meantime we have more than ever before and we should never forget that the number of pensioners compared to everyone else is very high. Second, the decades-long hole created by the social security default is virtually the only hole still unclosed among all the holes we inherited from the previous government when we took office, and that certainly makes it harder to deliver. of our ambitions and desire to have a more significant increase in pensions, but whether it is salaries or pensions precisely because we have created more opportunities through growth through the growth and strengthening of the economy, we will have 650 million euros dedicated in the budget of the year 2024.
One last thing I want to say about this part; often people talk and say that the Socialist Party is not leftist, it should do more for the needy, etc. But all this collapses by looking at what percentage social protection occupies in the entire state budget. In the entire 2024 budget, 33% of the total goes to social care, from pensioners for whom, in addition to increasing pensions, through their continuous re-indexation, the pensioner's bonus is also determined.
Bonus that we will give again now on the eve of the holidays, but unlike other years, precisely because we have a better financial situation than every other year, we will start giving it immediately, so in a few days the distribution will begin of pensioners' bonus for the New Year holidays. Just as it was done last year and as it has been done in previous years, but not at the end of the year, but earlier," said Rama.