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HSU advocates pension indexation by cost of living

ZAGREB, Aug 19 (Hina) - The Croatian Pensioners' Party (HSU) on Friday called on the reintroduction of pension indexation arrangements and urged pensioners "not to be deluded by cheap pre-election tricks of the ruling party" which the HSU leader said was trying to crate an impression of caring about retirees in the last days of its term in office.

The current government has had enough time to solve problems pertaining to the second pension insurance pillar, Silvano Hrelja said at a news conference in Zagreb on Friday.

However, with a ban on pension rates' indexation for 24 months, pensioners have been deprived of 3.1% of the real value of their income, Hrelja said.

Losses are even higher due to growing consumer costs, according to calculations made by this parliamentary party.

Hrelja said that in the next government the HSU would insist on the pension indexation by cost of living.

He accused the ruling Croatian Democratic Union (HDZ) of failing to handle the real problems and of proposing belated solutions.

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