Economics expert explains why pensions are low and how they can be increased

Teuta Nunaj, economic expert, in the "A2 Business" studio with Aurora Sulçe, on A2 CNN, showed the reasons why pensions in Albania are low.

"The reason why there are low pensions is directly related to the salary, how many contributions you have paid and the number of years of contributions. Since the average salary was 3,400 ALL when the pension scheme started in 1993 and today it is 40,000 ALL, and since almost half of the employees have declared themselves with the minimum wage, the pension will automatically have a minimum value," Nunaj explained. .

Further, the expert showed how these pensions can be increased: "The increase for pensioners can be done either through monthly bonuses, or through the establishment of a 13th pension. This does not affect the scheme. If we increase pensions from this moment, then the coefficient changes. Citizens should be clear: the pension calculation formula does not change". (A2 Televizion)