MOSCOW, April 5, 2004 (RIA Novosti) - Minister of Healthcare and Social Development Mikhail Zurabov has assured the Russian president that pensions that were raised on April 1 will be paid without delays.
"March revenues exceeded our April obligations, and we will be able to make payments with no delays," the minister said on Monday at a conference between the president and the cabinet.
"As far as I understand, the decision to raise pensions [from April 1] was adopted without a hitch," the president said to Mr. Zurabov. The latter agreed.
He also said that the Pension Fund revenues reached the record high mark in March. "The insurance part was financed to the sum of 43 billion roubles (28.53 roubles make $1), with six billion transferred for accumulative pensions," added Mr. Zurabov.
According to the Pension Fund, indexation will make it possible to improve pension provision for 38.2 million retirees.
