Now let me refer to the pension system. In our view, in its current form, it not only fails to address the issue of income inequality, but even makes it more acute. Retirement pensions in our country over the last few years have increased at much slower pace than average wages, which has significantly deteriorated the financial situation of many pensioners.
As of next year, indexation of pensions is to come into effect, meaning that pension payments will be linked to the average annual change in the economy-wide wage level. From today’s perspective, this is undoubtedly the right solution, which is to be viewed as a precondition for a more consistent and sustainable pension system, dissociated from political cycles.