Cola Increase 2024 Malta India. Pensions in malta will see an annual increase of €100 million as a result of the 2024 cola, ensuring that pensioners receive the full adjustment. Borg said that the mea is also insisting that the cola should not be taxed, and should be given fully to the employee, as it is not payment for work, but compensation due to the higher cost of living.

Cola (cost of living increase) is set to increase to €12.81 per week (€9.90 last year) for all employees, pensioners and people receiving social benefits; Pensions in malta will see an annual increase of €100 million as a result of the 2024 cola, ensuring that pensioners receive the full adjustment.