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Plans to raise retirement pensions in Belarus as from 1 November

Society 16.10.2018 | 12:55

MINSK, 16 October (BelTA) – Retirement pensions in Belarus will be raised one more time as from 1 November as per instructions of Belarus President Alexander Lukashenko, BelTA learned from Prime Minister of Belarus Sergei Rumas.

According to the source, on 16 October Belarus President Alexander Lukashenko gave instructions to bring in a package of documents on raising pensions one more time. It will be the third raise so far this year. Pensions will be raised by an average of 5.3%. Taking into account inflation the real increase in pensions this year will be close to 8%, said the prime minister.

In his words, the central government will submit the relevant documents soon. “Pensioners will get a 5% increase in their pensions as from 1 November,” added Sergei Rumas.

The head of state also urged to keep the ratio of the average retirement pension to the average salary at 40% at least in accordance with the 2016-2020 national social and economic development program.

Sergei Rumas remarked that they have been unable to keep the ratio at the specified level this year. As of 1 September the figure stood at 36.2%. As for 2019, the head of state gave strict instructions to restore the ratio up to the specified level. The fulfillment of the instruction will be one of the key parameters for evaluating the government's performance, stated Sergei Rumas.

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