The average pension increased by 14.5 euros - Over 29 thousand pensioners are added to the scheme
The country's population is aging at a rapid pace, and this is confirmed by the figures of new pensions connected each year.
During 2024, 29,136 pensioners were enrolled in the scheme, after reaching the age of majority and having signed an old-age pension with the Social Security Institute.
According to official data from this institution, of the pensioners who entered the scheme last year, 17,774 of them are men and 11,362 are women.
But has the average monthly amount for new pensions changed and is it moving in line with the cost of living?
What is noticeable is that the average monthly pension for a male pensioner is 18,021 lek per month, while the average monthly pension for a female pensioner is 15,438 lek per month. For both sexes together, the average pension is calculated at 17,013 lek per month.
Compared to a year ago, the average pension received has increased by 1,453 lek, or approximately 14.5 euros.
The gender pay gap has been evident over the years, which is directly related to the gender pay gap in the labor market. Since the pension is calculated based on contributions paid on the salary, the lower the salary, the smaller the value received.
On the other hand, regarding the number of closed pensions, it turns out that during 2024, 15,558 pensioners lost their lives, making the real number of the supplement 13,578 pensioners.
The average time of retirement is 22.4 years, decreasing compared to the last two years, and this is due to the gradual increase in the retirement age.
Currently, the retirement age for men is 65.2 years, while for women it is 61.9 years, while the average age for both genders is 63.9 years.
Demographic developments published in the 2023 census clearly demonstrate that the population aged 60+ constitutes ¼ of the population in Albania, a trend that is increasingly deepening due to population aging, declining fertility, and the phenomenon of emigration.
Recently, the government has approved the 2025-2030 aging plan, which foresees several interventions aimed at increasing income for this category, such as the inclusion of the 13th pension, a 50% increase in the average pension in Albania, and a change in the indexation formula to provide more support for low-income pensioners.
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