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01 December 2020, 14:02

Retirement pensions increase in Belarus on 1 December

MINSK, 1 December (BelTA) - All types of retirement pensions will increase on 1 December in accordance with Decree No. 409 of 5 November 2020, BelTA learned from the press service of the Labor and Social Security Ministry.

Pensions of more than 2.4 million pensioners will be recalculated. The retirement pensions will increase by 6%. Supplementary payments and allowances are paid in addition to the basic pension. These include supplementary payments to non-working citizens, people aged 75-79 (Br48.4), 80 years and older (Br64.53). In addition, a supplementary payment is paid for the care of disabled people of the first disability group (Br64.53) and persons over 80 (Br32.27), and also bonus payments to war veterans and disabled war veterans, honorary blood donors and some other categories of citizens (from Br25.81 to Br322.65). These payments are recalculated automatically on the heels of the increase in the subsistence budget on average per capita, usually every quarter (1 February, 1 May, 1 August and 1 November).

“In nominal terms, each pensioner will have an individual increase in retirement pensions depending on individual parameters of the length of service and wage before retirement. The average retirement pension will make up Br499.7 in December. The individual income rate for non-working pensioners is higher. Thus, the average retirement pension of non-working pensioners will make up Br513 in December,” the press service said.

With the maximum length of service and previous earnings (the length of service not less than 45 years for men, 40 years for women and the individual income rate - 5 and more) the retirement pension of non-working pensioners will be Br863 in December. Such a pension will be higher if a person is entitled to additional allowances and supplementary payments. For example, a pension with additional payments for a pensioner aged 80 and older will be Br960.

Retirement pensions in December will rise by 5.5% in comparison with November and 12.1% as against December 2019. In 2020 the average retirement pension went up by 9.4% year-on-year. In 2016-2020 the retirement pension increased by almost 1.7 times.

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