Slovakia's Coalition Considers Cuts to 13th Pension as Public Finances Deteriorate

Slovakia's ruling coalition is considering modifications to the country's 13th pension payments as the government grapples with deteriorating public finances. The 13th pension, an additional annual payment to retirees, has been a politically sacrosanct social benefit. Smer-SD, the leading party in the ruling coalition, along with coalition partner SNS (Slovak National Party), are cautiously proposing to means-test the benefit, targeting payments away from wealthier pensioners toward those with lower incomes. However, Hlas (Voice), the third coalition partner, has warned against breaking campaign promises regarding pension benefits. The potential reform represents a significant shift for Smer-SD, which has traditionally championed generous social spending and pension benefits as core policy priorities. Financial experts note that the consideration of such politically sensitive cuts indicates the severity of Slovakia's fiscal situation, though they point out that poverty in Slovakia is no longer primarily concentrated among senior citizens.