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Putin signs law on one-time payment to pensioners

The payment will replace the second indexation of pensions this year

MOSCOW, November 22. /TASS/. Russian President Vladimir Putin signed the law on a one-time payment of 5,000 rubles ($78.4) to pensioners in January 2017 instead of a pension increase in the second half of 2016. The document is posted in the official website of legal information. The law was adopted by the State Duma on November 11 and by the Federation Council on November 16, 2016.

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Central Bank rejects reports Russians lost over $1.1 bln in pension funds

According to the draft law, in January 2017, people permanently residing on the territory of Russia who receive pensions from the Russian Pension Fund as of December 31, 2016, are expected to receive the one-time payment. The funds should be provided by the regional bodies of the Pension Fund at the expense of the federal budget.

It is assumed that money will be paid, "regardless of the person receiving other payments, and provided social support measures." The payment sum is not taken into account in determining eligibility for providing other benefits and social support measures provisioned by the legislation.

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Vladimir Putin Russia's domestic policy

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