The Russian State Duma accepted in the first reading the bill that provides for an increase in the average pension of non-working retirees by 7.5% as of January 1, 2024. In this respect reports RIA News.
Payments to those receiving an insurance pension will increase to 22,605 rubles per month, and to 23,449 rubles per month for those receiving an old-age pension. In the first case, the amount of pension provision will increase by 1,572 rubles, in the second case by 1,631 rubles.
According to State Duma Speaker Vyacheslav Volodin, the increase in pensions of non-working retirees will affect more than 32 million Russians.
“All necessary funds to support retirees have already been included in the draft federal budget. “Additional budget expenditures to increase pensions in 2024 will reach approximately 234 billion rubles,” he said.
The Russian government has submitted a bill to increase pensions for non-working retirees to the lower house of parliament along with the draft federal budget for 2024-2026. On October 25, lawmakers will consider another budget-making bill on increasing the minimum wage in the first reading.
Svetlana Bessarab, Member of the State Duma Committee on Labor, Social Policy and Veterans Affairs in September said “socialbites.ca” says that according to the inflation rate in the macro forecast of the Ministry of Economy, starting from January 1, 2024, pensions of non-working retirees will be indexed by 7.5%. The parliamentarian added that pensions will be indexed twice in 2025, on February 1 and April 1.
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