Trade Union Confederation Seeks 10% Increase in Pensions in 2013

Trade Union Confederation Seeks 10% Increase in Pensions in 2013

The Confederation of Independent Trade Unions in Bulgaria (CITUB) will press for a 10% increase in pensions in the beginning of next year and a hike of the bottom wage to 330 levs ($221/169 euro).

The suggested increase reflects accumulated inflation in the last three years which amounts to 9.7%, local news agency Darik News reported.

CITUB will propose the introduction of a tax on financial transactions to provide the additional revenue needed to fund the increase. According to CITUB estimates, it could augment the 2013 budget by 200 million levs.

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