The deputies of the State Duma adopted in the second, mainly, reading, the draft law on the ratification of the Convention of the International Labor Organization (ILO) on minimum standards of social security for citizens. The document, in particular, states that the amount of regular old-age payments, due to an accident at work, disability and after a loss of bread-winner should be revised if the overall level of earnings and the cost of living of citizens in the country substantially change. For each of these cases, the Convention prescribes certain minimum requirements. So, the money supply of the elderly should be at least 40% of his previous earnings.

As the Speaker of the State Duma Vyacheslav Volodin noted, the provisions of the ILO Convention correspond to the tasks that the updated pension system in the Russian Federation should solve. "We in the State Duma decided that the pension was not less than 40% of the wages of a person who retires. This is the ratification of the ILO Convention, "Volodin said.. The ILO Convention was adopted in 1952. and is effective from April 27, 1955. To date, the document has been ratified in 55 countries. In Russia, the Convention was first submitted to the lower house of parliament.