Putin’s pension will constitute 530 thousand rubles

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2014/08/14 • Russia

The pensions of former high-standing Russian officials will grow in the fall of 2014 together with the salary raise for state workers. According to RBC reports on August 14, the President may count on a pension of 530 thousand rubles in retirement, and former Prime ministers and Speakers of the State Duma and the Senate – on payments of 320-430 thousand.

The salary of high-standing officials will increase on September 1: regular government members will start earning over 400 thousand rubles, defense and law enforcement ministers – from 800 thousand. The salary of the head of the Cabinet of Ministers Dmitry Medvedev will grow up to 570 thousand, and President Vladimir Putin will start earning 715 thousand.

Former Prime Ministers of Russia, besides their general pension of 17-18 thousand rubles, may count on an addition of 55-75% from the salary of the current head of the government. Accordingly, starting September 1, the amount of such payments will constitute 313,4-427,5 thousand rubles. The minimal addition will be given to those who had worked as Prime Minister between one to three years, and the increased addition will be given to former Prime Ministers with over three years’ experience. Those who worker as head of the Cabinet of Ministers for less than a year do not merit additional payment.

Four people can count on the additional Prime-Minister payment: 62-year-old Sergey Stepashin, 64-year-old Mikhail Fradkov, 73-year-old Viktor Zubkov and Yevgeniy Primakov, who is currently 84 years old. Out of the four, only Fradkov remains in the government as head of the Foreign Intelligence Service. In the future this payment may also be given to Mikhail Kasyanov who led the government for four years. In an interview to RBC the politician, who became part of the opposition, stated that Putin would not allow him to receive this kind of pension.

Former Russian Presidents can count on an additional 75 percent of the salary of the current head of state. Taking into account that starting September, Vladimir Putin will start earning 2,75 times more than now, the additional payments for former Presidents will constitute 536 thousand rubles. In the future, both Putin and Medvedev can count on such a pension after leaving the government.

Vladimir Putin’s future pension can be compared to the monthly pension of former US President Bill Clinton. According to RBC calculations, the former American leader, who was head of state between 1993 and 2001, receives an equivalent of 603 thousand rubles per month. The pension of the former German Chancellor Helmut Kohl constitutes 616 thousand rubles, the former British Prime Minister Gordon Brown – 756 thousand, and former French President Jacques Chirac – 904 thousand rubles.

Source: Snob

Translated by Mariya Shcherbinina

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