known until a later date.
This is significant because, ultimately, it is this budget figure—rather than the MNB’s current forecast itself—that…
…determines the increase in January. Future pension increases
What happens if prices rise more sharply?
The system also includes a rule for situations where inflation during the year turns out to be higher than the forecast upon which the January increase was based.
If the projected inflation for the year exceeds the level used for the January calculation by at least one percentage point, a retroactive supplementary pension increase
