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As of Aug 1, RF labour pension to be increased by average RUR 448
As of August 1, 2008, the average increase of labour pension in Russia will amount to 448 roubles, the economic news agency PRIME-TASS reports with reference to the Russian Ministry of Health and Social Development.
As of August 1, the basic part of pension in Russia will grow by 15 percent. Besides, as of August 1, the insurance part of labour pension will be increased by approximately 8 percent, herewith, the insurance part of pension will be finally determined with account of an inflation level at July 1.
The increase of the basic part of pension by 15 percent was planned way back in February. The insurance part of pension will be established within the framework of budget amendments prepared by the Ministry of Health and Social Development and the Finance Ministry of Russia.