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Quarterly pension adjustments advocated by Mironov

Mironov, head of 'Fair Russia — For Truth' party, suggests shifting pension indexation to a quarterly system based on the current inflation rate, to curb it from lagging behind real price increases.

Quarterly pension adjustments advocated by Mironov
Quarterly pension adjustments advocated by Mironov

Quarterly pension adjustments advocated by Mironov

At a press conference held at TASS, the leader of the "Fair Russia - For Truth" party, Sergei Mironov, announced a significant proposal to reform the pension indexing system in Russia. The aim is to prevent pensions from falling behind the real price increase, as Mironov noted a significant lag in pension indexing compared to inflation from the previous year.

Under the proposed change, pensions would be indexed quarterly, based on the current inflation rate. This would mark a shift from the traditional annual or less frequent updates, aiming for more responsive and timely pension adjustments.

The quarterly pension indexing system would be based on the current inflation level, with the current inflation rate replacing the previous year's data as the basis for pension indexing. This approach could help maintain the real value of pensions, providing older citizens with improved financial stability amid fluctuating inflation rates.

In addition to pension reform, the "Fair Russia - For Truth" party also proposed several other measures. These include setting an upper limit of 35% tax for individuals with an annual income of 500 million rubles, raising the minimum wage, and limiting price increases for food products. The party also plans to introduce annual school supply allowances for families with children and reform statistical accounting methods.

Mironov explained that the proposal was a step towards ensuring social justice and economic stability for Russia's citizens. The press conference served as a platform for discussing these proposed changes, with topics including the situation with wages and pension payments.

While the exact structure of Mironov's quarterly pension indexing proposal, such as the calculation method and thresholds, remains to be seen, his advocacy for improving pension conditions is well-known. This proposed change, if implemented, would likely involve increased fiscal demands on the pension system, requiring more frequent adjustments in government budgeting and possibly affecting social welfare policy balance.

For further details on the legislative process, proposal text, or recent debates about this pension indexing proposal, more targeted searches in official Russian legislative or social policy sources would be necessary.

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