The state Duma adopted the law on indexation of pensions in 2016 by 4%

Moscow. December 15. The state Duma meeting on Friday adopted in the third reading a law according to which insurance and social pensions from 1 February 2016 will be increased by 4%. The document suspends until 1 January 2017 the Federal laws governing the indexation of social insurance and pensions.

The average size of insurance pension in 2016 will increase by 4% (490 rubles) and will be 12 603 thousand rubles. The law establishes that doindeksatsii pensions will be held in the first half of 2016 taking into account the situation prevailing in the economy and the social sphere.

Pension Fund of the Russian Federation is obliged to inform pensioners about the provisions of the adopted document by posting information on its website, through the media and territorial bodies of the Pension Fund.

In addition, the deputies adopted in the final reading the law, suspending from January 1, 2016, the indexation of pensions to working pensioners.

According to the Central Bank, on 7 December, inflation in Russia in annual terms amounted to 14.8% after 15.6% in October.