Social pension index from 1 April

Social pension index from 1 April

MOSCOW, 21 Mar — RIA Novosti. Prime Minister of Russia Dmitry Medvedev signed a resolution on adjusting social pensions starting 1 April of 1.5%.

The corresponding document was published on the official portal of legal information.

In late February, the labour Ministry has proposed to index pensions by 1.5% in line with the growth rate of the living wage in 2016. According to authorities, this will improve the level of pensions of about 3.9 million people, of which nearly 3.1 million recipients of social pensions. However, this proposal met with objections from the economic block of the government, and discussed the question of pensions doindeksatsii 0.38%.

Previous indexing took place in February: then retired pensioners grew by 5.4% in line with actual inflation.

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