Anton Siluanov has promised to increase pensions by 7% in 2019
“Our goal next year to increase pensions on the average on one thousand roubles… of Course, this is a significant increase, this increase above inflation, as was charged by the President in letters to his decree”, Siluanov was quoted by “RIA Novosti”.
First Vice Premier, Finance Minister Anton Siluanov at session of the state Duma, said that pensions in Russia in 2019 will be indexed at 7%.
Mr. Siluanov also said that until now, pensions were indexed to the inflation rate of the previous year. Indexation next year in two times higher than the expected inflation rate of 3% in 2018.
On 16 June the government submitted to the state Duma a bill to raise the retirement age from 60 to 65 years for men and from 55 to 63 years for women. The document assumes that the retirement age will increase in stages from 2019.
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