This year, pensions will be indexed twice.
The Chairman of the Government of the Russian Federation Mikhail Mishustin said that from 2026 a new scheme for indexing insurance pensions will begin to operate in Russia – it will be held in two stages, the correspondent of The Moscow Post reports.
According to the head of the Cabinet, from February, the pensions will increase in accordance with the level of inflation for the previous year, and in April – based on the growth of the social fund’s income.
Thus, payments will be reviewed twice a year, which will more accurately take into account economic changes and timely support the standard of living of older citizens, Mishustin emphasized.
He also recalled that the government approved a strategic plan for the support of the elderly, calculated until 2030. The document provides for an integrated approach to improving the quality of life of older citizens.
This year, insurance pensions have already been increased by 7.3% from January 1. However, the actual level of inflation in 2023 amounted to 9.5%, therefore, on behalf of President Vladimir Putin, an additional indexation was carried out – with a recalculation of payments from the beginning of the year. This step was implemented in February.
Additionally, from April 1, social pensions were indexed by 14.5% – they are intended for citizens who do not have the necessary work experience to receive an insurance pension, as well as for people with disabilities and those who lost the breadwinner.
