Montenegro's average pension rises to EUR 279.5 in January 2012.

By bne IntelliNews February 21, 2012
Montenegro's pension and disability insurance fund (PIO) said that the average pension in the country was raised to EUR 279.55% in January, up from EUR 271.22 in January 2011. As a comparison, the average net salary amounted to EUR 484 in December 2011 and the minimum consumption basket (the total amount of expenditures that an average four-member family incurs for a period of one month) was EUR 770. Totally 119,521 were the pensioners in the country in January, 1,245 people more than in December 2011 as a result of law amendments that introduced relaxed pension requirements.

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