Belgian minister calls for a minimum €1,500 pension

Belgian minister calls for a minimum €1,500 pension
© Belga

This guaranteed minimum pension of 1,500 euros was flagged as a campaign goal by many parties during the last election. And it is possible to achieve. 

"If the minimum pension continues to be increased in the same proportion as under the Michel Government (+ 12.73% for employees), we will arrive at the end of the next legislative period with a minimum pension at 1,427 euros," Daniel Bacquelaine, Pensions Minister, said. 

After a career of 45 years, the minimum guaranteed pension in Belgium today amounts to 1,266 euros.

In 2024, five indexations will raise the guaranteed minimum pension to 1,400 euros gross per month.

With the help of a welfare envelope, the symbolic amount of 1,500 euros could be achieved, L'Echo reports.

From a budgetary point of view, the automatic indexation should make the budget re-evaluation pill easier to swallow, which is already attracting interest from parties.

The Brussels Times

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