Business News

Slovenia's Worker-to-Pensioner Ratio Highest Ever in 2013

Ljubljana, 25 February (STA) - Slovenia saw the biggest increase in the number of pensioners in 2013 and the least favourable worker-to-pensioner ratio on record, according to an annual report of the Pension and Disability Insurance Institute (ZPIZ).

The number of old-age pensioners increased by 4.1% last year to nearly 418,000. On average there were only 1.38 workers per each pensioner, ZPIZ director Marijan Papež told the council of the pension insurer on Tuesday.

The increase in the number of all those eligible for pensions - disability pensions, survivor's pensions and old-age pensions - was the highest ever, at 2.9%, according to Papež.

In total, the number of all those eligible for the variety of pensions exceeded 602,300.

Pensions averaged to EUR 566 a month last year, while the average old-age pension was at EUR 615. In real terms, pensions dropped for the fourth consecutive year; a 1.9% decrease was recorded in 2013.

The increase in the number of pensioners was reflected in the budget of the pension insurance, which was 0.7% higher than planned, at EUR 4.95m.

To remain in the black, which ZPIZ is required by law, the operator received more than EUR 1.5bn from the national budget. The figure was 15.2% above plans.

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