From April 1, 2023, the authorities will also index social pensions by 3.3%. To fulfill this task, the budget of the Social Fund provides about 15.6 billion rubles. placed on the official legal information portal.
The decree of 17 March this year was signed by Russian Prime Minister Mikhail Mishustin. The government said the document would take effect on April 1.
“To approve the indexation coefficient of social pensions as 1.033 from April 1, 2023,” says the resolution.
The Ministry of Labor and Social Protection (Ministry of Labor) announced that the indexation of social pensions will affect a total of 4 million Russian citizens. Recipients of additional payments will be Russians who do not have sufficient work experience to receive insurance pensions.
March 12, Plekhanov Russian University of Economics Chamber of Commerce and Industry “Human Resource Management” Department Associate Professor Lyudmila Ivanova-Shvets reminded Russians on increasing social pensions from April 1. As of the autumn of last year, about 3.5 million citizens received social pensions.