Encyclopedia
Social pensions
Social pensions are adjusted annually from April 1st, taking into account the rate of growth of prices for goods and services during the previous year. In cases where, during this period, the rate of growth of the subsistence minimum for pensioners in the Russian Federation exceeds the rate of growth of prices for goods and services, an additional indexation of the aforementioned social pensions is carried out from July 1st, based on the difference between the annual index of growth of the subsistence minimum for pensioners in the Russian Federation and the annual index of growth of prices for goods and services. The indexation coefficients for social pensions are determined by the Government of the Russian Federation1.
Federal Law No. 213-FZ of July 24, 2009, "On Amending Certain Legislative Acts of the Russian Federation and Declaring Certain Legislative Acts (Provisions of Legislative Acts) of the Russian Federation Void in Connection with the Adoption of the Federal Law 'On Insurance Contributions to the Pension Fund of the Russian Federation, the Social Insurance Fund of the Russian Federation, the Federal Compulsory Medical Insurance Fund and Territorial Compulsory Medical Insurance Funds'" dated July 24, 2009, as amended on July 24, 2009, Article 26, subpara. a#4 // Official Gazette of the Russian Federation. 2009. No. 30. Art. 3739. ↩