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Raising The Minimum Pension, Indexation And Recalculation Of State Pensions In The Russian Federation May 1, 1996 Year

Original Language Title: О повышении минимального размера пенсии, порядке индексации и перерасчета государственных пенсий в Российской Федерации с 1 мая 1996 года

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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 Russian Federation Federation from 1 May 1996 adopted by the State Duma on 17 April 1996 approved by the Federation Council on 15 May 1996 Article 1. On 1 May 1996, the minimum old-age pension at the total length of service equal to the amount required for full pension, in the amount of 69,575 roubles per month. Increase all pensions calculated under the RSFSR Act on State Pensions in the RSFSRby 1.1 times based on pensions paid for the month of April 1996. In the case of an increase in the pension under part one of this article, compensation shall be paid in accordance with the procedure established by the law of the Russian Federation. Article 2. In the assignment or recalculation of pensions after 1 May 1996, the earnings received prior to 1 May 1996 shall be indexed by application of the factors established for the relevant periods, including the coefficient, The amount of earnings received after 1 May 1996, as provided for in article 1 of this Federal Act, shall be taken into account without the application of the coefficies. The amount of the pension is not increased by a factor of 1.1, and a compensatory payment is made in accordance with the procedure established by the legislation of the Russian Federation. Article 3. The financing of the expenses provided for in this Federal Act shall be made from the sources to which the pensions are paid. President of the Russian Federation Yeltsin Moscow, Kremlin 27 May 1996 N 55-FZ