8  BIS central bankers’ speeches  Last, the indexation of pensions amounting to more than twice the minimum € is suspended in 2012 and 2013, thereby reducing net borrowing by € billion and € billion. This measure replaces the one included in the summer reform package.
There is no change in the solidarity contribution applying to pensions of over € (equal to 5 per cent of the part from € to € and 10 per cent of the amount exceeding € Transfers to local government.