Pensions in Russia will increase above the rate of inflation, Medvedev said

Pensions in Russia will increase above the rate of inflation, Medvedev said

MOSCOW, 14 Jul — RIA Novosti. Pensions in Russia will increase above the rate of inflation regardless of the external and internal factors, said Prime Minister Dmitry Medvedev at a government meeting.

“We need their (pensions — ed.) to increase rates above inflation, regardless of external circumstances and internal problems. But the demographic situation is such that the proportion of working people are becoming less of pensioners is increasing. Every year, this imbalance will only grow, and hence the load on those working. All this if not to make decisions, can lead to the imbalance of the pension system — to the extent that the state cannot fulfill its social obligations”, — said Medvedev.

The government on Thursday is considering a bill, suggesting amendments to certain legislative acts of the Russian Federation on the issues of assignment and payment of pensions.

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