Financial Services, Latvia, Legislation, Pensioners

The amendments stipulate that from now on pensions will be revised once a year, October 1; furthermore, if consumer prices will not have increased in the given period, pensions will not be revised, reports LETA.

The amendments were submitted by five Saeima members: Dzintars Zakis (New Era), Maris Grinblats (For Fatherland And Freedom/LNNK), Maris Kucinskis (People's Party), Augusts Brigmanis (Union of Greens and Farmers), and Anna Seile (Civic Union), the heads of Saeima groups of the political parties that form the government of Valdis Dombrovskis (New Era).

After the Saeima vote though, Harmony Center and Society For Different Politics said that they would appeal the new rules to the Constitutional Court.

The Society For Different Politics co-chairman Aigars Stokenbergs told LETA that the amendments to the Law on Pensions would be appealed, and that the court would probably rule that the amendments are not Constitutional.

Saeima Legal Bureau's head Gunars Kusins told LETA that the Legal Bureau's has the same opinion as Harmony Center and Society For Different Politics.