FIU: the second indexation of insurance pensions in 2016 will be held until October 1

FIU: the second indexation of insurance pensions in 2016 will be held until October 1


The head of the Russian Pension Fund Anton Drozdov also said that pensions in the Russian Federation from 1 February 2016 will be indexed by 4% for all, except for working pensioners.

MOSCOW, 7 Oct. The second stage of indexation of insurance pensions in 2016 will be held until October 1, said the head of the Russian Pension Fund Anton Drozdov.

“By the first of October, to what extent is not yet clear. This should be the norm of the law, which will be launched by the Commission for budgetary adjustments. It will be prepared and submitted to the government,” — said Drozdov.

“Of course, all the rules we are going to agree with everyone, once again the RTC (trilateral Commission — employers, unions, government) will discuss, but we will have to do to send the budget to the state Duma”, — said the head of the FIU.

The government Commission on budget projections decided that pensions in the Russian Federation from 1 February 2016 will be indexed by 4% for all, except for working pensioners, as stated previously, Drozdov.

Earlier on Wednesday Russian Prime Minister Dmitry Medvedev supported the idea does not index pensions for working pensioners. Drozdov said that pensions for working pensioners will continue to count from 1st August with account of earlier paid insurance premiums.