Minimum amounts for pensions, allowances and state social security benefits increased from July 1

Clients will receive the recalculated minimum pensions (old-age, disability and survivors' pensions paid for the current month) and minimum insurance benefits from the State Social Insurance Agency (SSAA) already in July.

State social security benefits and survivor's pensions paid for the previous month – July – will be paid by the SSAA in August.

For your attention: 

• for the current month will be paid survivor's pensions granted until 31 December 2020, which are in continuous payment;
• for the previous month will be paid survivor's pensions granted from 1 January 2021.

State social security benefit

Monthly amount of the National Social Security Benefit (NSSB):

• EUR 125 for old age;
• in case of loss of provider for a child up to the moment of attaining seven years of age – EUR 157, for a child from the age of seven – EUR 188.

The amount of the NSSB for persons with disabilities of groups I and II is, as before, conditional on employment - non-working recipients receive an additional supplement.

Impact of the amount of the NSSB on other services of the SSAA

• The state social benefit for recovery worker of Chernobyl nuclear power plant accident and family of the deceased recovery worker – EUR 125.
• Funeral benefit in the case of death of a family member under the care of the insured person - EUR 375 (3 x 125) if the insured person's dependant died on or after July 1.
• Funeral benefit in the case of death of an unemployed person - EUR 375 (3 x 125) if the unemployed person dies on or after July 1.
• The amount of the compensation for harm (for accidents at work before 1 January 1997) for persons who have it set at the level of the NSSB is EUR 125 per month.
• The unemployment benefit is set at 60% of twice the amount of the NSSB (60% of EUR 250) and will be paid in August for the period of unemployment from July 1.

Survivor’s benefit

Minimum monthly amount of the survivor's benefit for each child:

• from the moment of birth to the moment of attaining seven years of age – EUR 157,
• from the age of seven years – EUR 188.

Indemnity for loss of ability for work

Old-age pension

Minimum amount of old-age pension is determined by applying a coefficient of 1.1 to the calculation base of the minimum old-age pension (EUR 157; EUR 188 for persons with disabilities since childhood) and increasing the amount by 2 % of the calculation base of the minimum old-age pension for each additional year beyond the insurance period required for the old-age pension (currently 15 years).

If the person’s insurance period in Latvia is:

• at least 15 years, the amount of the minimum old-age pension cannot be less than EUR 172.70 (EUR 157 x 1.1) for persons with disabilities since childhood - EUR 206.80 (188x1.1)
• 16 years and more, the amount of the minimum old-age pension is determined by raising it by EUR 3.14 for each year of insurance; for persons with disability from childhood – by EUR 3,76 for each year of insurance.

Disability pension

Minimum amounts of the Disability pension:

Survivor's pension

Minimum amount of a Survivor’s pension for each child:

• from the moment of birth to the moment of attaining seven years of age – EUR 157,
• from the age of seven years – EUR 188.

Recalculation of old-age and disability pensions in the event of top-up contributions

From 1 July 2023, the procedure for recalculating the old-age pension and Group I and Group II disability pensions for social insurance contributions made after the pension was granted (recalculated) will change. The pension recalculation part will be added to the calculated (recalculated) pension amount instead of the minimum amount, as was the case until 30 June 2023. 

Example. A person with a total insurance period of 22 years and 3 months is granted an old-age pension from 5 July 2023.

The pension is calculated at EUR 140.00. The minimum amount for 22 years of service is EUR 194.68, so the person has a pension of EUR 194.68.

From 1 September 2023, a pension recalculation is requested for the pension capital accumulated in July and August. The pension recalculation component is EUR 2 and the recalculated pension is EUR 142 (140+2). As the recalculated amount is lower than the minimum amount, the person continues to receive a pension of EUR 194.68.