28 October, Minsk /Elena Prus - BELTA/. Pensions in Belarus will increase by an average of 22% in November. This was announced to journalists by the Deputy Minister of Labour and Social Protection, Valentina Koroleva, as reported by a BELTA correspondent. From 1 November of the current year, in accordance with Decree No. 327 of the President of 26 July 2011, labour pensions will be recalculated based on the average wage of employees in the republic for the third quarter (according to Belstat, it amounted to Br2 million 36.5 thousand). Valentina Koroleva emphasised that this is the third increase in labour pensions this year, based on the growth of average employee wages. The first and second increases were made in June and August. In addition to this recalculation, minimum labour pensions and social pensions, as well as supplements and increases to pensions, will also be recalculated in November due to the growth of the subsistence minimum budget per capita. "As a result of the recalculations, pensions will increase by an average of 22% in November," said the Deputy Minister. "The amount of pension increase for each pensioner will depend on the individual parameters of their work record and earnings, as well as other data recorded in their pension file (including the entitlement to supplements and increases to the pension)." According to estimates, the average old-age pension in November of this year will be Br978 thousand, and the pension for men with 45 years of service and women with 40 years of service and an individual earnings coefficient of 4.0 will be Br1 million 504.4 thousand. Pension expenditure will be financed from the funds of the Social Protection Fund of the Ministry of Labour and Social Protection. Valentina Koroleva informed that additional expenses for pension increases will amount to Br435.5 billion, and in total, about Br2.4 trillion will be allocated monthly for pension payments from November. The fund has the necessary funds, the Deputy Minister stressed. She noted that issues of supporting incapacitated citizens are under the constant control of the state. Pensioners constitute 27% of the country's population. Moreover, the vast majority (2.4 million people) receive pensions from labour, employment and social protection bodies. This year, the implementation of a set of measures to support the income level of incapacitated people continues. In addition to increases in labour pensions, minimum labour and social pensions, one-time financial assistance was provided to non-working pensioners in July and September.