Concerning the improvement of pension provision system
Decree No. 570 of 8 December 2014
On 8 December President of the Republic of Belarus Aleksandr Lukashenko
signed Decree No. 570 “Concerning the improvement of pension provision
system”.
As far as old age pensions are concerned, starting from 1 January 2015 every complete year of work above the service record of 35 years for men and 30 years for women will translate in the increase in pensions by 1% of the average monthly salary, but by not more than 0.7% of the average salary in the country.
Starting from 1 January 2016, pensions awarded to pension-age people will increase by 0.1%, 0.2%, 0.3%, 0.4%, 0.5% of the average monthly salary for each year of service exceeding 40 years up to 45 years for men and exceeding 35 years up to 40 years for women.
The limit of the average monthly salary taken into consideration for assigning pensions for persons having at least 36 years of service record (men) and 31 years of service record (women) will increase five times.
In accordance with the decree, the minimum service record needed to claim old age pensions and retirement pensions in Belarus will increase from 10 to 15 years starting from 1 January 2015. Pensions will be awarded to workers who paid mandatory insurance contributions to the state extra-budgetary social security fund.
The new law will not extend to the vulnerable groups of people who cannot achieve a long service record for objective reasons (mothers who have many children, mothers caring for children with disabilities, or persons disabled from childhood). The minimum service record requirement for them will remain unchanged - five years.
Social pensions will be assigned to people who have not achieved minimum service record needed to claim retirement pensions. However, these groups of people will be able to claim such pensions when they turn 65 years (men) and 60 years (women). The existing social pensions regulations will remain in place for the vulnerable groups of people, like children with disabilities, people with disabilities, including persons disabled from childhood, as well as children who lost family providers.
Please see the Russian version of this site for the full text of the Decree.
As far as old age pensions are concerned, starting from 1 January 2015 every complete year of work above the service record of 35 years for men and 30 years for women will translate in the increase in pensions by 1% of the average monthly salary, but by not more than 0.7% of the average salary in the country.
Starting from 1 January 2016, pensions awarded to pension-age people will increase by 0.1%, 0.2%, 0.3%, 0.4%, 0.5% of the average monthly salary for each year of service exceeding 40 years up to 45 years for men and exceeding 35 years up to 40 years for women.
The limit of the average monthly salary taken into consideration for assigning pensions for persons having at least 36 years of service record (men) and 31 years of service record (women) will increase five times.
In accordance with the decree, the minimum service record needed to claim old age pensions and retirement pensions in Belarus will increase from 10 to 15 years starting from 1 January 2015. Pensions will be awarded to workers who paid mandatory insurance contributions to the state extra-budgetary social security fund.
The new law will not extend to the vulnerable groups of people who cannot achieve a long service record for objective reasons (mothers who have many children, mothers caring for children with disabilities, or persons disabled from childhood). The minimum service record requirement for them will remain unchanged - five years.
Social pensions will be assigned to people who have not achieved minimum service record needed to claim retirement pensions. However, these groups of people will be able to claim such pensions when they turn 65 years (men) and 60 years (women). The existing social pensions regulations will remain in place for the vulnerable groups of people, like children with disabilities, people with disabilities, including persons disabled from childhood, as well as children who lost family providers.
Please see the Russian version of this site for the full text of the Decree.