UPDATE: Putin affirms Russia to raise pensions by inflation in 2017

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MOSCOW, Sep 6 (PRIME) -- The Russian government will raise 2017 pensions by inflation of 2016, which is projected at 5.7–5.9%, President Vladimir Putin said Tuesday at a meeting with United Russia members.

“As far as next indexations are concerned, in 2017 and further, Dmitry Anatolyevich (Medvedev) has already said about it, we will reach a full-format indexation,” Putin said.

Prime Minister Dmitry Medvedev said earlier that Putin supported the government’s decision to make one-time 5,000 ruble payments to current pensioners in January 2017 instead of indexation.

“All of you know about a made decision over pension indexation in the second half of the year in the form of one-time payments of 5,000 rubles, the president has supported this approach,” Medvedev said.

(64.7644 rubles – U.S. $1)

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