Russian pensions to rise by 37% in 2009

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RUSSIA - Russian pensions will increase by over a third by the end of 2009, prime minister Vladimir Putin has pledged.

Speaking at a government session yesterday, Putin said the government would increase the base part of labor pensions by 9% to R1,950 (US$71) a month from 1 March 2009. This would then increase by a...

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