Pensions, maternity capital, taxes: what changes can happen in Russia The Russian Ministry of Labor proposed indexing pensions in two stages

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The Ministry of Labor proposed indexing the pensions of non-working pensioners twice a year, writes. red blood cell Based on the Social Fund’s draft budget for 2024 and the planning period 2025-2026.

According to the new plan, pensions will be increased by 5.3% from January 1, 2024 (up to an average of 22,772 rubles per year). They will then be reindexed more than a year later – at a rate of 4% from February 1, 2025. The third indexation will take place on April 1: the pension will increase by another 3.8% to 24,120 rubles. In 2026, two indexes are also planned – February (4%) and April (2.8%, up to 25,690 rubles).

It is also planned to gradually increase the fixed payment to the insured pension. From January 1, 2024, it will be 7968.4 rubles, from February next year it will be 8287.14 rubles, and from April it will be 8602.05 rubles. In February 2025, the payment will be indexed at 8946.13 rubles, and from April 1 at 9196.62 rubles.

Double indexation will be done according to the projected level of inflation (first stage in February) and according to the level of income growth of the Social Fund (second stage in April).

Still, the Department of Labor predicts that salaries will still rise faster than pensions: the insured pension and salary ratio will fall to 26.3% in 2026 (from 27% in 2024).

“Taking into account the planned increases in pensions, the ratio of the average annual insured pension to a pensioner’s subsistence level in 2024 will be at least 161.4 percent,” the ministry said.

The rate will decrease to 157.3% in 2025 and to 153.3% in 2026.

drill capital

In 2024, it is planned to index the amount of maternity capital to inflation. The payment will increase by 5.3% to 618.1 thousand rubles. for the first child, up to 816.7 thousand for the second child, informs RBC.

In 2025, the mother’s capital should be increased to 642.8 thousand rubles. for the first child and up to 849.4 thousand rubles. in the second, in 2026 – up to 668.5 thousand rubles. firstborn and up to 883.4 thousand rubles. for the second child

The Ministry of Economic Development estimates that inflation will not exceed 5.3% by the end of 2023.

Salary tax up to 30 thousand rubles.

Leonid Slutsky, head of the LDPR fraction in the State Duma, sent to the government for review a draft law on the abolition of personal income tax (PIT) for Russians earning less than 30 thousand rubles per month. Appropriate amendments may be made to the “Law on Amending Article 217 of the Tax Code of the Russian Federation”.

According to the authors of the initiative, this will allow such citizens to improve their living standards.

The amount of 30 thousand is almost double the minimum wage (minimum wage), so it is sure that it will “really tangible” for low-income citizens, the Liberal Democratic Party is sure.

If passed, the law will take effect on January 1, 2024.

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