Rus News Journal

Pensions in Russia grow on 10 %

From now on the size of pensions in Russia raises on 10 %. Thus, by government calculations, the average pension in the Russian Federation should reach level 820 rbl. the Corresponding decision the prime minister - the minister of the Russian Federation Michael Kasyanov has been signed on October, 17th. In this document the monthly average salary in the country for III quarter 2000 is confirmed. For calculation and increase in the state pensions since November, 1st 2000. According to the decision, a monthly average salary it is established at a rate of 1383 rbl. (1413 rbl. for July, 1411 rbl. for August, 1325 rbl. for September). The index of growth of the specified salary for III quarter 2000 is confirmed also. - 1,1. And social development and to the Pension fund it was entrusted to Ministry of Labour to finish to the territorial bodies which are carrying out provision of pensions, the size and an index of growth of the monthly average salary confirmed by the given decision. The increase in pensions since November, 1st is extraordinary indexation of payments to pensioners. Earlier it was supposed to increase pensions since February, 1st, 2001, however the situation in the Pension fund of the Russian Federation has allowed to raise pensions since November, 1st, 2000. Besides, the decree of the president of the Russian Federation " from now on comes into force; About the relation of monthly average earnings of the pensioner to a monthly average salary in the country, applied at definition of individual factor of the pensioner for the persons living in regions of the Far North and districts equal to them . According to the decree, since November, 1st of this year at calculation of pensions with application of individual factor of the pensioner for the persons living in regions of the Far North and districts equal to them, the relation of monthly average earnings of the pensioner to a monthly average salary in the country should not exceed 1,2. The decree is accepted with a view of increase of level of provision of pensions northerners.