Federation of Bosnia and Herzegovina (FBiH) entity Government decided to increase pensions by 3.5 percent based on improved budget revenues and the achieved surplus. The decision was made during yesterday’s Government session.

Conditions for pension increase have been met with the implementation of the recently adopted Law on Pension and Disability Insurance. In accordance with the Law, the pension increase will be aligned with the data produced by FBiH Office for Statistics.

“In accordance with the latest indicators, the Management Board of Office for Statistics of FBiH issued a decision on the advance harmonisation of pensions and that decision will remain in force until the FBiH Office for Statistics issues a decision on the increase of the previous parameters based on which the pensions are harmonised,” he said Vesko Drljaca, FBiH Labour and Social Policy Minister.

The 3.5 percent increase which will be applied retroactively to the pensions the payment of which begins in May will not refer to the highest pensions in FBiH and those who went to retirement after January 2018.