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Lukashenko signs pension changes into law

MINSK, 2 November (BelTA) – Belarus President Alexander Lukashenko signed into law amendments and additions to the Pension Law of the Republic of Belarus. The document has been officially published at the national legal Internet portal.

The law was adopted by the House of Representatives on 2 October 2012 and approved by the Council of the Republic on 10 October.

According to the Ministry of Labor and Social Security, the new law aims to bring the Pension Law into line with President’s Decree No.136 “Concerning Measures to Improve Pension Provision of the Belarusian Citizens” of 18 March 2012 (took effect on 1 October 2012).

The decree envisages two novelties. The first one means a progressive increase of premiums for working retirees without pension provision.

The second novelty provides for a unified approach to the working activity (with and without premium payments) taken into account when the pension is calculated. The working period with the payment of insurance premium is included into the length of service. The same approach is taken for the working period without premium payments (military service, studies, maternity leave, etc.). Before 1 October 2012 pensions were calculated taking into account only the working activity with the payment of insurance premium, the ministry explained.

Amendments also touched the issues regarding pensions paid by proxy. They were adopted with an aim to implement the decision of the Constitutional Court of 6 November 2008 “Concerning the validity of the warrant for the receipt of funds from the personal bank account on which the pension is transferred”. A limited authority (a warrant to receive pensions via postal services) now can be issued for the period not exceeding one year. A warrant to take pensions from the bank account might be issued for the period up to three years.