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The Ministry of Finance refuses indexation for working pensioners

The Ministry of Finance refuses indexation for working pensioners
Photo: pixabay.com

Working pensioners do not want to index pensions. The Russian Ministry of Finance opposed this initiative.

As the RIA News" with reference to the head of the Ministry of Finance Anton Siluanov, a pension is compensation for lost earnings, and if a pensioner works, then the income is not lost. Siluanov added that wages in Russia have been growing faster than inflation in recent years.

The head of the Ministry of Finance suggested paying more attention to supporting non-working pensioners and recalled that the draft budget for next year provides for the indexation of pensions above the inflation rate.

In July, it was reported that the annual adjustment of pensions would begin in Russia on August 1. From this time pensions of working pensioners will grow... The annual increase cannot exceed three retirement points. In 2020, one point is equal to 93 rubles, therefore, the increase in pension can be up to 279 rubles.

Real pensions unemployed pensioners will be indexed to the inflation rate until 2024. After this period, the increase will depend on the budget of the Russian Pension Fund.

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