Putin promised to increase pensions above actual inflation rate

Russian President Vladimir Putin during a large press conference answered the question about the plans for indexing pensions above the level of actual inflation. Broadcasting an event on your youtube channel led TASS.

According to the head of state, the government will do everything to fulfill the promises of past years in pensions.

Politician promised that in 2022 decisions on pensions of the power unit will be made to level the incomes of those who work in law enforcement agencies and in the power structures as a whole.

Cumulative Pension Proceeding Act

On December 21, Putin signed a law on freezing the accumulative part of Russian pensions until 2024. According to it, an approach to the accounting of insurance premiums for compulsory pension insurance is established.

At the beginning of the month, such a bill was approved in the State Duma. In the financial and economic justification, it was noted that the extension of the freezing period will help reduce the transfer from the state budget to the pension fund budget by 772.9 billion rubles.

Accumulative pension frozen since 2014. That is, the deductions to the accumulative part of the pension in the amount of six percent of the salary are sent to the insurance part for payments to current pensioners. From the very beginning it was assumed that the frost would be one-time, but from the moment the rule is invariably extended.

Previously, Russian citizens could independently decide, send funds to the formation of savings or transfer to the insurance part.

New Year’s pension

The State Duma Committee on Labor, Social Policy and Veterans Affairs proposed to pay New Year’s retirement to Russians annually. It is noted that the inflation of this year can reach nine percent, and this will negatively affect the income of the elderly Russians. The Committee stressed that on the eve of each new year, retirees would have to spend a lot to buy gifts and the organization of the holiday.

Initiative authors believe that it is worth installing the payment in the amount of pensions received by Russian citizens at the date of this pension payments to them. It is specified that the source of payments will be the federal budget. According to preliminary data, 786.2 billion rubles may be required for these purposes.

Pension Conditions

In the Russian Pension Fund recalled the conditions for receiving a pension next year. Thus, the right to the insurance pension will be in women from 56.5 years and men from 61.5 years.

Deputy Governor of the FIU in Moscow and the Moscow Region, Marina Tarasova stressed that in order to obtain an old age pension, it is not enough to achieve the established age, the Russian must have the necessary experience and a certain amount of an individual pension coefficient.

According to Tarasova, if they are missing, the pension will move to the period necessary for compliance with all conditions. If it fails to achieve them for five years, the citizen will be appointed social pension.

/Media reports.