Estonian pensions to rise by 7.9% on average

Estonian pensions are to rise by an average of 7.9 per cent from 1 April, according to the Social Insurance Board.

As a result of indexation, the pension of a person with 44 years of service will increase to €595.35 per month and the amount of the national pension will increase to €275.

Social Insurance Board head of the pension service, Katre Pall, said it is important to remember that the pensions of all people are based on individual circumstances and so the pension increase is different.

"An individual pension has been calculated for each person depending on their previous contribution. With indexation, the basic part of the pension for all people rises to €255. The new annual grade is also the same, €7.718. The annual rate is multiplied by all other components of the pension based on seniority and social tax paid.

“The more a person has accumulated, the more his or her pension will increase. From April 1, it is most convenient to view the amount of your pension on the portal eesti.ee under the heading ‘Viewing pensions, benefits and allowances’,” she said.

In addition, Social Insurance Board head of the customer service department, Liis Mesi, urged people to check the amount of their pension on the state portal eesti.ee if possible.

"As a major reform of parental benefits will take effect on 1 April, people have a lot of questions about it. Hundreds of Ukrainian war refugees also turn to our customer service every day to apply for support and advice. Therefore, the waiting list in our customer services is significantly longer than usual.”

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