The Russian government has approved a draft law on recalculation of pensions insurance

Cabinet in July endorsed a bill to pensioners the right to choose the order of recalculation of the size of pension. The government has given a positive opinion on the bill. Reviewed by a document published on the website of the Cabinet. "Implementation of the law will require the allocation of additional funds from the federal budget and the Pension Fund, so the text of the bill is necessary to supplement the provisions determining the sources and means of financing new spending," - noted in the recall. The authors propose to amend the law, which will give pensioners the right to a year or more to refuse the allocation size of pension for old age or disability. This will be possible in case of increase in individual retirement rate, based on the amount of insurance premiums is not taken into account when determining the value of individual pension coefficient. The bill concerns of working pensioners with salaries above 18 thousand. Per month. Now their pensions are automatically recalculated and increased. For every year worked extra points are awarded and, consequently, increase in their pension. The bill will make it possible to refuse the allocation to the maximum to get him in the future