Yeltsin Signs Pension Raise
- By Unknown
- Jun. 30 1995 00:00
The law -- which Yeltsin signed Wednesday, and which goes into effect upon official publication -- increases the minimum monthly pension payment 20 percent to 52,486 rubles ($11.60) from 43,738 rubles.
Yeltsin vetoed a law in February that would have raised pensions to 54,000 rubles, saying at the time the move would cost 23.6 trillion rubles a year.
But parliament passed the law again, forcing him to sign it into law.
The bill was approved by the State Duma, the lower house of parliament, May 26 and by the Federation Council on June 15.