NewsPensions and allowances in Montenegro to increase by 6.85% starting January 2025

Pensions and allowances in Montenegro to increase by 6.85% starting January 2025

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The Management Board of the Pension and Disability Insurance Fund (PIO) of Montenegro made a series of decisions regarding pension adjustments during its meeting held.

The Board approved the Decision on the adjustment of pensions for one personal point starting from January 1, 2025, the Decision on adjusting pensions and cash allowances from January 1, 2025, and the Decision on adjusting the basis for determining the cash allowance for physical damage starting from January 1, 2025.

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According to these decisions, pensions and cash allowances will be adjusted by 6.85% starting from January 1, 2025. The value of the pension for one personal point will be €17.31764, and the basis for determining the allowance for physical damage will be €435.69150. The decisions will be applied during the pension payment for January 2025, which will be carried out in February, as announced by the PIO Fund.

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