Pensions from 1 January 2018 and will be indexed by 3.7%

MOSCOW, September 18. /TASS/. The government decided by 3.7% to index pensions from 1 January 2018. This was announced following the meeting, Minister of labour and social protection Maxim Topilin.

“It was decided to index pensions by 3.7% from 1 January 2018. To do it earlier in order to provide a more meaningful increase in real pensions in the next year,” he said.

According to Topilin, the indexation of social pensions from 1 April 2018 it is planned in the draft budget of the Russian Federation at the level of 4.1%. “The social pension, there won’t be changes [in the indexing mechanism],” said the Minister, explaining that the indexation of 4.1%.

Thus, according to him, indexation of working pensioners in the future year are not provided. “No, we have not changed the conditions of the moratorium saved,” – said Topilin.

Earlier in a press-service of the Pension Fund of Russia (PFR) reported that the average increase to insurance old-age pension in 2018 could be around 400 rubles. According to the FIU, in 2017 the average size of pension for old age was – 13 657 rubles, and in 2018 it could grow to 14 045 rubles.