The chamber announced the reduction in real pensions over the 2018-2020 1.6%

The chamber announced the reduction in real pensions over the 2018-2020 1.6%

Real incomes of the population within three years will grow by 6%, which compensates the reduction only for the year 2016, warn the auditors of the accounting chamber.

“Negative contribution to the dynamics of real disposable income in the forecast period will be paid pension insurance. Thus in real terms overall over the 3 years of the pension will be reduced by 1.6%,” — said in the conclusion of the accounting chamber.

“As a result in recent years, changes in the pension system have been lost the mechanisms for increasing the real size of the insurance pension security of the citizens, which leads to a decline in living standards of this category of the population”, — emphasized by the auditors.

According to the draft budget of the Pension Fund in 2018 to 2020, the average annual amount of insurance old-age pension in 2018 will be 14 075 rubles in 2019 — 14 449 rubles in 2020 — 14 872 rubles.

From 1 January 2018, pension insurance and fixed payments to will be indexed by 3.7%, in 2019 and 2020, the size of the index will be updated for actual inflation for the previous year. The indexation of pensions to working pensioners (revoked in 2016) in the budget for the next three years is not provided.

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