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Vladimir Putin signed the Executive Order “On the Approval of the Incremental Increase Coefficient of the Insurance Part of the Labour Pension, as of April 1, 2009”

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Prime Minister Vladimir Putin has signed Executive Order No. 247 of March 21, 2009, "On the Approval of the Incremental Increase Coefficient of the Insurance Part of the Labour Pension, as of April 1, 2009". In compliance with it, to implement the Federal Law "On Labour Pensions in the Russian Federation", Article 17, Para 7, he has approved the incremental increase coefficient of the insurance part of the labour pension at 1.175, as of April 1, 2009, and ordered the Pension Fund of the Russian Federation to inform its territorial agencies on the coefficient established by said Executive Order for the increase of pensions stipulated by the Federal Law "On Labour Pensions in the Russian Federation".

The Executive Order enters into force on April 1, 2009.