Podgorica, (MINA-BUSINESS) – President of the European Alliance (ES) Boris Mugosa has proposed revising the pension adjustment formula by using the inflation rate for goods and services predominantly consumed by pensioners, instead of the general inflation rate, whenever this would be more favourable to them.

He also proposed that changes in consumer prices and average wages over the previous four months be compared with the same period of the previous year, rather than with the immediately preceding four-month period.

“This would make it possible for pensions to be increased on a quarterly basis in a more appropriate manner than under the current legal framework,” Mugosa said in a press release.

He added that the last two pension increases resulting from the statutory adjustment mechanism had been inadequate.