the Size of pensions in Russia from February 1 will grow by 5.4 per cent. On Monday, January 23, said the Prime Minister Dmitry Medvedev, reports TASS.
“the Money we have provided in the law on the Pension Fund budget on these purposes in full. In total it will need to spend about 230 billion rubles,” — said Medvedev at a meeting with Deputy Prime Ministers. From 2017, the government reverts to a system of indexation of pensions to the level of price increases, he said.
00:01 January 18, 2017
the Average size of pensions in Russia in 2017 will reach 13 620 rubles, at a meeting with Medvedev told Deputy Prime Minister for social Affairs Olga Golodets. The government has set a target to maintain the purchasing power of pensions insurance, she said. “This goal will be achieved,” said Deputy Prime Minister.
Golodets Also reported that the labour Ministry is preparing a normative act on doindeksatsii from 1 April payments to pensioners in accordance with the budget act.
the Second indexation is to be held April 1, it will be small — about 0.4 per cent.
on 21 January, labor Minister Maxim Topilin said that in the next three years the real size of pensions in Russia will decline. Payments in real terms will decrease by about 0.5 percent annually, said the official.
According to the latest statistics, the average pension in November 2016 was 12 428 rubles (36.4 percent of the average salary). For the year, in real terms, pensions declined by 3.5 percent.
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