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It's certain. This is how much pensions and retirement benefits will increase from March 1. Do seniors have reasons to be happy?

The Ministry of Family, Labor and Social Policy has provided information on this year's indexation rate. Do seniors have reasons to be happy?

As reported by the „Goniec” portal, on Wednesday, February 12, the Ministry of Family, Labor and Social Policy provided information on the indexation rate for pensions and retirement benefits. Seniors already know how much their benefits will increase from March 1 of this year. Do retirees have reasons to be happy?

Retirement benefit indexation

Retirement benefit indexation takes place once a year, always on March 1. Its purpose is to increase senior benefits so that the benefits paid to them do not lose purchasing power. On Wednesday, February 12, 2025, the Ministry of Family, Labor and Social Policy indicated how much retiree benefits will increase.

According to information from the Ministry of Pensions and Retirement, this year's indexation rate is 105.5 percent.

“From March 1, 2025, pensions and annuities will be indexed in accordance with applicable regulations. The indexation rate of benefits will be 105.5%, which means an increase in benefits for millions of seniors and eligible persons,” announced on the official website of the Council of Ministers. What does this mean for seniors??

How much will the minimum pension be from March 1, 2025? year?

A pension rate at this level means that the lowest benefits will increase by PLN 97.95. This means that the minimum pension will amount to PLN 1,878.91. Not all seniors will have reasons to be happy, because there have been no changes to the tax thresholds or the tax-free amount, which has remained at PLN 2,500 per month.

This means that in the case of benefits exceeding PLN 2,500 gross, tax will have to be paid on them. Below this amount, only the health insurance contribution is paid from the benefit.

“After the introduction of indexed pensions, ZUS will reduce payments by the PIT advance, which for many may mean an increase in the tax burden from 12 percent to 32 percent” – indicates the service „Onet”.

Natasha Kumar

Natasha Kumar has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Times Hub, Natasha Kumar worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my natasha@thetimeshub.in 1-800-268-7116

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