Post sponsored by NewzEngine.com

MIL OSI Translation. Region: Russian Federation –

Resolution of March 23, 2021 No. 443

Document

Resolution of March 23, 2021 No. 443

From April 1, social pensions will be indexed by 3.4%. This resolution was approved by the Government.

The budget of the Pension Fund provides 12.8 billion rubles for these purposes. The decision will affect more than 3.9 million people in total.

Social pensions are received by citizens who do not have sufficient proven experience to calculate an insurance pension. In addition, these payments are due to people with disabilities and those who have lost their breadwinner.

The size of the indexation is calculated on the basis of the pensioner’s subsistence minimum for the two previous years. After its implementation, the average social pension will be 10,183 rubles.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

MIL OSI Russia News