The labour Ministry said on indexation of social benefits in line with...

The labour Ministry said on indexation of social benefits in line with inflation from 1 February

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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%.

See also:

Social benefits index for level of real inflation from February 1

The Ministry is in favour of indexation latcapital inflation