Pensions in Belarus will be recalculated from August 1 and November 1

May 31, Minsk /Elena Prus - BELTA/. Labor pensions in 2012 will be recalculated again from August 1 and from November 1. This was announced by the Minister of Labor and Social Protection of Belarus, Marianna Shchetkina, during an online reception held with the support of BELTA. "According to Decree No. 35 'On Pension Increases', in 2012 labor pensions will be recalculated from August 1 and from November 1, based on the average wages of workers in the republic for the second and third quarters, respectively," the minister said. Previous recalculations this year were from February 1 and May 1. Answering a question about deferred pensions, Marianna Shchetkina explained that currently, when applying for an old-age pension later than reaching the generally established retirement age (or when refusing to receive an already assigned old-age pension), the pension increases by 1% of earnings for every two months of work without receiving a pension. In this case, the pension is not limited by the maximum amount (75% of earnings). Decree No. 136 "On Measures to Improve Pension Provision for Citizens," which comes into force on October 1, 2012, increases these percentages. Thus, for the first full year of not receiving a pension, it will increase by 6% of the earnings used for its calculation, for the second year - by 8%, for the third year - by 10%, for the fourth year - by 12%, and for the fifth and each subsequent year - by 14%. If the work without receiving a pension is less than a full year, the increase for every full two months of such work is 1% of earnings. The specified pension increase amounts are cumulative. -0-