Labor pensions in Belarus to increase from September 1

Labor pensions in Belarus to increase from September 1

August 13 the President of Belarus signed the decree "On increasing pensions." Pensions will be recalculated from September 1. 

The average labor pension increase will equal 5%. The total amount will be affected by seniority and the amount of earnings before retirement. Additional costs for the higher payments from September 2015 will stand at about 350 billion rubles a month.