Social benefits will be increased by seven percent in Bashkortostan

Galiya Nabieva

UFA, 1 February 2016. /Bashinform News Agency, Galiya Nabieva/. Social benefits will be indexed in Russia by seven percent since February 1. All social payments, monthly payments and social benefits for children will be raised at the federal level. The decree was published on the official portal of legal information.

As previously reported by the Minister of Labour and Social Protection Maxim Topilin, the maternity capital would not be indexed. According to the Ministry of Labour, this increase will cost 30 billion rubles to the federal budget.

Also, according to the Pension Fund of the Republic, since February 1, insurance old-age pensions and state-provided pensions will be indexed by four percent. Thus, the average size of old-age pensions will be 13 132 rubles in Russia in 2016.

According to TASS, the size of the fixed payment amount after indexation will be 4558.93 rubles per month, the cost of pension point - 74.27 rubles. Along with indexing the monthly payment and the cost of social services will increase that the federal benefit recipients will be able to receive both in kind and in cash.

#social payments #pensions #increase

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