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Pensions in Russia to increase by 46,5% by 2015

December 22, 2012, 9:20 UTC+3
Social pensions will increase by 5.1 percent from April 1, and monthly benefits will be raised by 5.5 percent
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Photo ITAR-TASS

Photo ITAR-TASS

MOSCOW, December 22 (Itar-Tass) —— Pensions in Russia will increase by 46.5 percent in the next three years, Pension Fund head Anton Drozdov said.

Labour pensions will be raised for two times -- to the factual inflation level of 2012, that is about seven percent, from February 1 and with the Pension Fund revenues increase per pensioner, around 3.3 percent from April 1. Thus, pensions will increase by more than 10 percent, the Rossiiskaya Gazeta newspaper cited him as saying.

At the same time, the PF head noted that those were approximate figures, since it depended on the PF factual revenues in 2012 and the inflation rate to be estimated by the Rosstat statistics agency in January.

Social pensions will increase by 5.1 percent from April 1, and monthly benefits will be raised by 5.5 percent.

The government does not change the principles of pension adjustment and does not impose any limits for working pensioners for the next few years, Drozdov noted.

As a result, as compared to 2011, labour pensions in 2015, according to the estimates, will increase by 46.5 percent.

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