By 2024, the average pension of pensioners will increase by 35%

By 2024, the average pension of pensioners will increase by 35%

MOSCOW, 9 Aug — RIA Novosti/Prime. The average pension pensioners in Russia will grow by 35% in 2024 compared with the level in 2018, to about 20 thousand rubles, said first Deputy Prime Minister and Finance Minister Anton Siluanov.

“The amount of pension of old-age pensioners next year will increase on average in the amount of one thousand rubles. By the end of the six-year period in 2024 — we expect an average pension of about 20 thousand rubles, growth to the level 2018 by 35%,” — said Siluanov, speaking at the parliamentary hearings in the state Duma on the theme “Main directions of budget and tax and customs tariff policy in 2019 and the planning period of 2020 and 2021 years”.

The task set by the President, it is the pension increases rate above inflation. Prepared changes in the pension legislation which should improve the position of pensioners, to provide a decent pension.Anton Silvanawyat Finance of the Russian Federation

Earlier, Prime Minister Dmitry Medvedev said that the government proposes to raise the age of retirement to 65 years for men and 63 years for women. The reform will be phased and will start in 2019. The government has submitted relevant bills to the state Duma after consideration at a meeting of the Russian tripartite Commission (RTC) for regulating social-labour relations.

The bill of the Cabinet noted that this initiative will create the conditions for annual indexation of pensions above the rate of inflation in balance and long-term financial sustainability of the pension system of the Russian Federation as a whole.

Siluanov on the meeting of the tripartite Commission stated that the changes in pension legislation and taxation should provide a new quality of economic growth and enhance the quality of life of citizens. According to him, the pension bill aims to increase the real pension in the country. All funds received through its implementation, will go to social sector, special emphasis will be placed on health.