Pensions of working pensioners in Russia will increase from 1 August

ECONOMY

MOSCOW, July 30. /Basereporter.com/. Working pensioners, for whom employers have paid insurance premiums in 2017, will begin to receive a pension at a higher rate since 1 August. The maximum increase will amount to 235 rubles, said Basereporter.com in a press-service of the Pension Fund of Russia (PFR).

“The raise is calculated individually. Plays the role of wages, from which was deducted the contributions. The maximum increase will be three pension points, calculated by value in 2017, i.e. 235,74 of the ruble,” said the FIU. They added that the territorial body of the Pension Fund recalculates the insurance pension in an automatic manner, so recalculation to apply to FIU and to write a statement is not necessary.

On may 1, 2018, in Russia about 9 million working pensioners. Adjustment of pensions to working pensioners taking into account insurance contributions takes place in August every year. With regard to the indexation of pensions to this category of pensioners, it is frozen in 2016. During the “Straight line” on 7 June, Russian President Vladimir Putin, responding to a question, said that the return of indexation of pensions to working pensioners requires elaboration.

Speaking in the state Duma on consideration of the bill on changes in pension system in first reading, the labor Minister Maxim Topilin said that the indexation of pensions to working pensioners will require an additional 250 billion rubles per year. In turn, Vice-the Prime Minister Tatyana Golikova earlier said that the indexation of pensions to working pensioners are not included in the package of changes in the pension system.

The proposed government bill on changes in the pension system, involving, in particular, increasing the age of retirement for a long transition period to 65 years for men and 63 years for women, passed the first reading in the state Duma on July 19. After approval of a large-scale discussion of the initiative will continue, proposals for revision of the draft law will be collected and subsequently recorded in the form of amendments to the second reading, which will take place in the fall. The deadline for submitting amendments is extended from August 18 to September 24.

Tools that will increase the retirement age, will be directed on increase of incomes of pensioners. The adoption of the document will allow in 2019 to ensure the growth of pensions to pensioners by an average of 1 thousand rubles.

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