Source Pravda.Ru

Pension up since August 1

Since August 1, 2002 pensions in Russia increase 9 percent for all categories of pensioners, the Russian Pension Fund reported.

The average pension in this country will be equal to 1,417 roubles ($1 being over 30 rubles), while the minimum one - 766 rubles. Thus, pensions will grow by 117 rubles on average.

Since pension indexation goes in inflation environment, the increase percentage depends on the inflation level.

Initially it was envisaged to increase pensions by 7 percent, however, the Fund's means allowed to raise the index to 9 percent.

Pensions were previously indexed by 6.5 percent on February 1, 2002.

Currently, there are over 40 million pensioners in Russia.

Comments
World War I: Remembering the fallen, and the war criminals
Sanctions do not stop foreign countries from buying Russia's S-400 systems
Norwegians complain of demoralised NATO soldiers
NATO to build prestrike staging base in Georgia
On the report of Human Rights Watch against the DPRK
2018: A critical lack of common sense in world governance
NATO to build prestrike staging base in Georgia
Russia unveils nuclear-powered interstellar spaceship
Russia unveils nuclear-powered interstellar spaceship
Capital outflow from Russia sets new records
Putin prepares bitter and hysterical missile surprise to 'American partners'
Putin prepares bitter and hysterical missile surprise to 'American partners'
Austria will not ruin its friendship with Russia despite spy scandal
The difference between Polish and Ukrainian nationalism is plain to see
Russia unveils nuclear-powered interstellar spaceship
The difference between Polish and Ukrainian nationalism is plain to see
Russia loses nuclear-capable cruise missile in Barents Sea. US intelligence finds it
Russia loses nuclear-capable cruise missile in Barents Sea. US intelligence finds it
Russia loses nuclear-capable cruise missile in Barents Sea. US intelligence finds it
Russia loses nuclear-capable cruise missile in Barents Sea. US intelligence finds it
Capital outflow from Russia sets new records