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22 June 2020, 16:00

Belarus raises retirement pensions

Belarus raises retirement pensions

The Belarusian president has made a decision to increase pensions from 1 July 2020. Retirement pensions will be recalculated by adjusting the real income of a pensioner, based on the average monthly salary used during the previous recalculation of pensions with its size raised by 6%.

Belarus will raise the pensions:

Old age

Length of service

Disability

Loss of a breadwinner.

The average age pension is Br470,600.

More than Br13.4 billion will be allocated to pay pensions in 2020, including Br335 million under the decree.

Pensions of more than 2.4 million pensioners will be recalculated in July.

The amounts of bonuses, increases and additional payments to pensions and social pensions will remain unchanged in July.

Source: Belarus' Labor and Social Security Ministry

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