Monitoring of the Federal Legislation dated 12.07.2005

Decision of the Government of the Russian Federation No. 419 of July 11, 2005 on the Endorsement of Coefficients of Indexing (Increase) from August 1, 2005 of the Basic and Insured Parts of the Labour Pension and the Additional Increasing Coefficient from August 1, 2005 of the Amount of the Insured Part of the Labour Pension

From August 1, 2005, coefficients of indexing (increase) of the basic and the insured parts of the labour pensions are fixed in the amount of 1.06. The additional increasing coefficient for the insured part of the labour pension will amount to 1.048.

The Decision is entered into force from August 1, 2005.

Decision of the Government of the Russian Federation No. 418 of July 11, 2005 on the Endorsement of the Index of Growth of the Average Monthly Earnings in the Russian Federation for the Year 2004 and the Index of Growth of Incomes of the Pension Fund of the Russian Federation per Pensioner Allocated to Pay out the Insured Part of the Labour Pensions for the Year 2004

The index of growth of the average monthly earnings in the Russian Federation for the year 2004 is fixed in the amount of 1.23. The index of growth of incomes of the Pension Fund per pensioner allocated to pay out the insured part of the labour pensions for the year 2004 makes 1.114.

Decision of the Government of the Russian Federation No. 417 of July 11, 2005 on the Endorsement of the Coefficient of Indexing of the Estimated Pension Capital of the Insured

The coefficient of indexing of the estimated pension capital of the insured defined as of January 1, 2004 is fixed in the amount of 1.114. The Decision is entered into force from August 1, 2005.