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, indexing and recalculation of state pensions in the Russian Federation Federation Adopted by the State Duma on 26 May 1995 Approved by the Federation Council on 15 June 1995 Article 1. The minimum amount of the old-age pension at the total length of service, which is equal to the amount required for full pension, in the amount of RUB 52,86 per month, effective 1 June 1995. Increase all pensions calculated in accordance with the RSFSR Law on State Pensions in the RSFSRby 1.2 times based on pensions paid May 1995. A compensatory payment, established in accordance with the laws of the Russian Federation, shall be retained in the increase of the pension pursuant to paragraph 1 of this article. Article 2. In the assignment or recalculation of pensions after 1 June 1995, the earnings received prior to 1 June 1995 shall be indexed by application of the factors established for the relevant periods, including the coefficient, The amount of earnings received after 1 June 1995 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 in accordance with the legislation of the Russian Federation. Article 3. The financing of the increase in the minimum amount and the indexation of pensions is financed by the Pension Fund of the Russian Federation and the contractual obligations of the Government of the Russian Federation for the payment of arrears, under article 46 of the Federal Law "On the Federal Budget for 1995" in the form of cash loans, as well as the money issue, taking into account of the Russian Federation of 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 28 June 1995 N 99-FZ