MINSK, 5 January (BelTA) – The monthly average old age pensions will be increased by 18-20% to Br492,000-Br507,600 in 2010, Deputy Minister of Labor and Social Security Valentina Koroleva told a press conference on 5 January. In 2010 the ministry will monitor the fulfillment of the pension security targets and, if necessary, come up with proposals on indexation of pensions. The scale of indexation will depend on the economic opportunities, Valenitn Koroleva added. According to her, minimum labour and social pensions were indexed four times in 2009 (in February, May, August and November) following the increases in the per capita average subsistence wage. In line with the decree, on 1 January 2010 labor pensions were indexed by 9.4%. Old age pensions upped by 9.7%. Monthly average old age pensions increased by 8.8% in 2009 as against 2008 to total Br415,900. The minimum old age pension increased by 11% to Br235,600. The ratio between the monthly average old age pension and the subsistence wage made up 9.5% in 2009. “The process of awarding a pension is quite difficult. It starts with the preparation of all necessary documents at the level of employers and ends up with pension payment through post offices, banks and pension delivery organizations,” Valentina Koroleva said. БЕЛТА
Written by belta.by
