In 2016, pensions may be increased by 7% – RBC

Quote.rbc.ru 13.08.2015 08:57

The pension in 2016 can be indexed for inflation which predicts the Ministry of Economic Development. This “Vedomosti” told the four federal official. It is about increasing pensions by 7-7,1%, told the newspaper.

According to sources, the newspaper, the decision was approved at a meeting with Russian President Vladimir Putin. It is a compromise between the proposals of Deputy Prime Minister Olga Golodets (an increase of 11.9%) and the Ministry of Finance (5.5%). Interlocutor “Vedomosti” drew attention to the fact that Golodets, who oversees social issues in the government, was not present at the meeting. The Finance Ministry data newspaper did not comment.

The Kremlin version of the Ministry of Finance was seen as too hard, said the source publication. One of the officials explained that, given the almost 20% drop household incomes indexation of pensions twice lower inflation “confused” by Vladimir Putin. The two sides “Vedomosti” stressed that the decision is not final. According to them, it is necessary to wait for an updated macroeconomic forecast prepared by the Ministry of Economic Development to the beginning of September.

At the end of June, the Cabinet approved the proposal of the Ministry of Finance concerning the indexation of social payments. Its essence lies in relation to the indexation of pensions forecast inflation. In 2016, the agency is expected to increase payments by 5.5%, in 2017 – by 4.5% and in 2018 – by 4%.

The social block government had a different view. Officials insisted that the 2016 pension raised to the level of which, presumably, inflation will reach the end of the year – 11.9%. According to them, in 2017 the payment should be increased by 7% and in 2018 – by 6.3%, as the current forecast assumes the mayor.

Elizabeth Focht

material RBC

Photo: Yekaterina Kuzmina / RBC