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MOSCOW, November 1 (Itar-Tass) —— By 2020 age retirement and social pensions in Russia will double, Health and Social Development Minister Tatyana Golikova told the international seminar devoted to the pension systems’ development guidelines in the modern world.
“By 2020 the nominal increase in the average annual age retirement pension is forecast at 90 percent in contrast to 2011,” she said. “The average annual social pension will also double to grow by 110 percent.”
Golikova said the average retirement pension in Russia was 171.2 percent against the subsistence level. She added that this ratio will be preserved by 2020.