Raising The Minimum Pension, Indexation And Recalculation Of State Pensions In The Russian Federation

Original Language Title: О повышении минимального размера пенсии, порядке индексации и перерасчета государственных пенсий в Российской Федерации

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$20 per month, or Get a Day Pass for only USD$4.99.
Spconsumed by Federal Law July 07.07.2003 N 109-FZ RUSSIAN FEDERATION FEDERAL LAW On raising the minimum pension, order indexing and recalculation of state pensions in the Russian Federation Federation Adopted by the State Duma on 21 October 1994 Approved by the Federation Council on 25 October 1994 Article 1. The minimum old-age pension at the total length of employment equal to the amount required for a full pension, in the amount of 34,440 roubles a month, effective 1 November 1994. Increase all pensions calculated in accordance with the Law of the RSFSR "On State Pensions in RSFSR", by a factor of 1.2, based on the amount of pensions paid for the month of October 1994. A compensatory payment, established by the Government of the Russian Federation, effective 1 February 1994, shall be retained when the pension is increased, in accordance with Part One of this article. Article 2. In the assignment of pensions or their recalculation, as of 1 November 1994, the earnings received prior to 1 November 1994 shall be indexed by application of the factors established for the relevant periods, including the coefficient, The amount of earnings received from 1 November 1994 is taken into account without the use of coefficies. The amount of the pension is not increased by a factor of 1.2, and it is awarded a compensation payment established by the Government of the Russian Federation on 1 February 1994. Article 3. The amount of the pension, which is in accordance with the Act of the Russian Federation, entitled " Pensions for the parents of deceased military personnel, OF THE PRESIDENT OF THE RUSSIAN FEDERATION 819), as of 1 November 1994, it is established in the amount of 34,440 roubles a month. Article 4. This law shall enter into force on the date of its official publication. President of the Russian Federation Yeltsin Moscow, Kremlin 31 October 1994 N 31-FZ