Social Pensions in Russia to Grow By Rbl 4, 176 by End of 2009 - Minister
Itar-Tass News Agency
October 8, 2008
The average social pension in Russia by the end of 2009 will be 4,176 robules, Minister of Health and Social Development Tatyana Golikova said during the Government Houre in the State Duma on Wednesday.
She said the labour pension would increase by 1,113 roubles to 5,749 roubles by 2010, and the average insured old-age pension will reach 6,091 roubles.
The base part of the labour pension will increase by 37.2 percent and the insured part by 15.6 percent in 2009.
The minister said there were 38.5 million pensioners registered ion the Pension Fund as of August 1, 2008, including 35.7 million receiving labour pensions (including 30 million old-age pensions) and 2.8 million, social pensions.
By 2010, the number of pensioners will increase by 1.6 million, the Prime-Tass business news agency quoted Golikova as saying.
In 2009, the base pension will be increased twice on March 1 and December 1 by a total of 37.1 percent, Prime Minister Vladimir Putin said last week.
“The insured part of the pension will be raised by 15.6 percent from April 1. As a result, the average social pension by the end of 2009 should not be lower than the pensioner’s subsistence minimum,” he said.
Putin said the citizens who will join the pension system after 2010, will have their retirement benefit amounting to at least 40 percent of their current salary, provided they have a 30-year work record.
Putin said the government intended to switch over from the unified social tax to insurance contributions at a uniform rate of 26 percent.
“It was decided to switch over from the unified social tax to insurance contributions in obligatory pension insurance schemes at a uniform rate of 26 percent. Insurance fees will not be calculated for annual earnings exceeding 415,000 roubles,” Putin said.
Golikova confirmed this and said, “This will happen from January 1, 2010.” Insurance payments would amount to 34 percent of the payroll fund. Twenty-six percent will go to the Pension Fund, 5.1 percent to the Mandatory health Insurance Fund, and the rest to the Social Insurance Fund, she added.
She said the government had no plans to raise the pension age in the country.
“No suggestions to raise the pension age will be submitted as part of the pension reform proposals,” the minister said.
Information on World Pension Issues
Copyright © Global Action on Aging