Also will be indexed insurance pension
Photo: TASS/Stanislav Krasilnikov
Insurance pensions and social payments will be indexed to inflation from 1 February. This was stated by labor Minister Maxim Topilin following the meeting of Russian President with the Cabinet of Ministers on Wednesday.
“From 1 February 2017 will be carried out indexation of insurance pensions in line with inflation by 5.4%”, — quotes its words “Interfax”.
Topilin also said that a second indexation of pensions will take place from 1 April. Thus, the total indexing will be 5.8%.
In addition, the Minister announced that the indexing of all social payments will amount to 5.4%.