Every year in Russia, cash payments are indexed according to the projected increase in prices of food, non-food goods and services used by citizens. The newspaper writes that this process is happening gradually.”News”.
In November 2023, Russian President Vladimir Putin approved a law that increases pension payments to non-working retirees by 7.5% (Federal Law No. 540 of November 27, 2023). According to this law, the amount of the insurance part of the pension of non-working citizens in 2024 will increase by 1,572 rubles. After recalculation, the average payment for non-working pensioners will be 22,605 rubles, and the average old-age insurance pension will increase by 1,631 rubles to 23,449 rubles.
In addition, from January 1, the fixed contribution to the insurance pension increased by 7.5%, from 7567.3 to 8134.9 rubles.
The pension increase will affect more than 32.6 million unemployed senior citizens, including military retirees. Payments are automatically recalculated, you do not need to contact the Russian Social Fund.
Pensions of people over 80 years of age and disabled people in group I were also increased. When a pensioner reaches the age of 80, his pension is increased by doubling the fixed payment to the insurance part of the pension. In March 2024, people who turn 80 in February will receive a double fixed payment to the old-age insurance pension of 16,269.76 rubles.
People with Group I disabilities will also receive a fixed payment of twice their disability insurance pension.
Before reportedResidents of Russia who will retire in 2024 will be able to calculate the payment amount thanks to the individual coefficient. You’ll need a personal rate to calculate your pension this year. It is also necessary to take into account that the cost of the pension coefficient is 133.05 rubles. Fixed payment 8134.88 rubles.
Russians before explainedHow to save wisely for old age.