Elimination of Pensions for Officials: Cuts up to 82% in Benefits
March 9, 2025
The Ministry of Finance proposes the elimination of pensions for public officials, replacing them with allowances, which could lead to income reductions of up to 82%. The proposed change will have varying impacts depending on the position, with the President and Ministers facing the largest cuts. Expected declines range from 65% to 81%. These changes aim to reduce the long-term financial liabilities of the state.