Luxembourg's Ministry of Health and Social Security has confirmed that, on 1 January 2025, Luxembourg state pensions will increase by 1.6%.
In accordance with the provisions of Article 225bis of the Social Security Code relating to pension insurance, every year the government examines - based on an analysis of the evolution of the average level of contributory salaries carried out by the General Inspectorate of Social Security (IGSS) - whether it is necessary to readjust current pensions.
According to the IGSS calculations, the revaluation factor referred to in Article 225 of the Social Security Code amounts to 1.595 for the year 2023, which results in a pension increase of 1.6% on 1 January 2025.
Minimum salaries are not affected by this pensions rise.