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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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 19 July 1995 Approved by the Federation Council on 21 July 1995 Article 1. The minimum old-age pension at the total length of service, equal to the full pension required for the purpose of a full pension, is set at 1 August 1995, in the amount of 5,000 roubles a month. Increase all pensions calculated in accordance with the Law of the RSFSR "On State Pensions in RSFSR", 1.05 times based on pensions paid for the month of July 1995. In accordance with the first part of this article, the compensation payment, established in accordance with the legislation of the Russian Federation, is increased from 3,9360 rubles to 50,000 rubles. Article 2. In the assignment or recalculation of pensions after 1 August 1995, the earnings received by 1 August 1995 shall be indexed by application of the factors established for the relevant periods, including the coefficient, The amount of earnings received after 1 August 1995, as provided for in article 1 of this Federal Act, shall be taken into account without the application of these factors. The amount of the pension is not increased 1.05 times, and is awarded a compensation payment established in accordance with the legislation of the Russian Federation. Article 3. The financing of the increase in the minimum pension and the indexation of pensions is financed by the Pension Fund of the Russian Federation of the contractual obligations of the Government of the Russian Federation for the payment of arrears, under article 46 of the Federal Act " Federal budget for 1995", in the form of cash loans, as well as from the money issue, taking into account the actual budget performance of the Pension Fund The Russian Federation and the federal budget for 1995. Article 4. This law shall enter into force on the date of its official publication. President of the Russian Federation Yeltsin Moscow, Kremlin 27 July 1995 N 117-FZ