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Monday, March 19, 2018

All about lump sum payments from Medvedev: who, when and how much

On lump sum payments to pensioners in January 2017, the Ministry of Finance will spend 221 billion rubles, said the head of the government Dmitry Medvedev. (To cover this amount, it is sufficient to expose another 29 colonels of the Ministry of interior with incomes as infamous now Dmitry Zakharchenko). The payment will amount to 5 thousand rubles.

Who will get it?

photo: Natalia Gubernatorova

“This will affect all retirees who receive pensions through the Pension Fund, – have informed in a press-Department service, – that is, of recipients of insurance pension and pension state pension provision. In fact, the employment matter will not.”

Roughly speaking, a raise will get both running and non-working pensioners. However, there are other categories of citizens, e.g., military or law enforcement officers who receive pensions through its agencies. Will affect whether their increase is not yet known.

It should come in January. Again, as explained in the press-service, retiree money will deliver the kind of organization that usually brings him a pension. “If we are talking about the Russian post, this would be it, if the pensioner received the money on a Bank card, they will come back the same,” – said the Agency.

Paid funds will be on a separate calendar. As stated by the Minister of labour and social protection Maxim Topilin, in some cases, this will be combined with January’s pensions, and any payments will be produced separately. For example, to categories of citizens receiving the January pensions in December.

We will remind that in February of this year, pensions have increased by 4%, despite the fact that inflation, according to Rosstat, reached 12.9 percent. So, August 1, pensions should grow another 8.9%. This second index, and replaced a one-time payment.

On the one hand, pensioners happy fallen from five thousand roubles, they seem more significant and tangible. And budget such payments are cheaper. However, if the indexation of pensions was designed to compensate for inflation (roughly speaking, the pension would be increased commensurate with the increase in food prices) and depended on her, the results “all at once” at hand does not depend on the rising prices and they did not cover.

Could the government with such a successful scenario for him to completely abandon the indexation and go solely on lump sum payments?

In this situation, the government has set strict limits when the indexing is problematic to carry out, the money runs out, oil prices are not growing, and quickly departed to some people the phrase money creates the authorities not the best image, the government essentially had no choice, ” says Executive Director, Consulting Heads Nikita Kulikov – to get additional income to the state is problematic: part of the population has not yet reached working age, companies go into the shadows, paying salaries in envelopes. Had to go to such measures. But would not be very surprising if the action is deemed successful, will replace the indexing, or at least the payments will be periodic. And against the backdrop of a freeze on pensions this can be massive. Everything will depend on how to treat the government and the Pension Fund.

Surprisingly, the population itself such an action, which has been dubbed the “SOP” may like to obtain a large sum at once psychologically nicer than those, relatively speaking, 300 rubles, but every month.



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