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

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Expired-the Federal law dated 07.07.2003 N 109-FZ of the RUSSIAN FEDERATION FEDERAL LAW on raising the minimum pension, indexation and recalculation of State pensions in the Russian Federation State Duma Adopted July 19, 1995 year approved by the Federation Council July 21, 1995 year Article 1. Install with August 1, 1995 onwards the minimum old-age pension with a total length of service equivalent to that giving entitlement to a full pension, amounting to 55000 rubles per month. Increase all pensions, calculated in accordance with the Act of the RSFSR "on State pensions in the RSFSR", 1.05 times based on the size of the pensions paid for July 1995 onwards.
If you increase the size of pensions in accordance with paragraph 1 of this article, compensation in accordance with the legislation of the Russian Federation increases 39360 rubles to 50000 roubles.
Article 2. When pensions or their recalculation after August 1, 1995 year earnings received before August 1, 1995 year, indexed using the coefficients established for the relevant periods, including the coefficient provided for in article 1 hereof; earnings received after August 1, 1995 onwards are recorded without the application of these factors. Pension while in 1.05 times is not increased, it is accrued compensation established in accordance with the legislation of the Russian Federation.
Article 3. Expenditure in connection with increase of minimum pension and indexing pensions are financed from the Pension Fund of the Russian Federation treaty obligations, the Government of the Russian Federation on debt compensation under article 46 of the Federal law on the federal budget for the year 1995 ", in the form of cash grants, as well as by monetary emission in view of the actual performance of the Pension Fund of the Russian Federation and the federal budget for the year 1995.
Article 4. This federal law shall enter into force on the day of its official publication.
The President of the Russian Federation, b. Yeltsin, Kremlin, Moscow, N July 27, 1995 117-FZ

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