Pensioners get their incomes reduced- for second year in a row

Older married couplesOlder married couples on the trip. Photo Norway Today Media

This year, like last year, pensioners will be getting their income reduced, but this year the reduction will probably be  even greater, according to the union Unio.
The calculations show that with the same wage increase in 2016 as in 2015, the real income will be reduced by 1.500 million this year, compared to 1,200 million last year, writes Dagbladet.
– When real wages are as low as they were last year and probably will be this year as well, will mean that the pensioners get a reduced wage growth and lower purchasing power,  Chief Economist Erik Orskaug in Unio says.
He believes the pension scheme has to be regulated in a different way in order for this situation to be avoided.  The Pensioners’ Association receive feedback from many people who believe the situation is unfair.
– Pensioners are furious and feel cheated, says leader of the Pensioners Association Jan Davidsen. He believes that this year the pensioner may experience a decline of 0.55 per cent in their real purchasing power  .


Source: NTB scanpix / Norway Today