Tuesday, May 02, 2006

Welfare: Belarus set to raise pensions

Pensions in Belarus are set to grow seven percent after President Alexander Lukashenko, signed a decree on pensions, "in order to raise the level of material security of the pensioners and maintain a tendency towards pensions growth comparable with the growth of incomes in the economic sector".

"Old age" pensions will average an equivalent of $120 dollars. Pensions will depend on pensioners' salaries, occupational life and on whether they are entitled to benefits.