Russian Prime Minister Mikhail Mishustin outlined continued support measures for vulnerable citizen groups, announcing that social pensions will rise starting April 1, alongside previously implemented indexation from 2022. In discussing the government’s report to the State Duma, he made clear that the state will persist with policies designed to ensure adequate pension protection for those with lower lifetime earnings and limited work experience.
The Prime Minister emphasized that Russians who lack sufficient insured work history will still be eligible for targeted assistance. This approach aims to close gaps in pension coverage and provide a safety net for those who would otherwise face considerable retirement insecurity.
According to Mishustin, social pensions are expected to grow by more than 13.5 percent over the course of the year, lifting the standard for roughly four million retirees and beneficiaries. This boost is part of a broader set of measures to improve social welfare and reduce poverty among pension recipients, particularly those who depend entirely on state support rather than earned pensions.
Earlier announcements noted that, from April 1, 2023, social pensions would be indexed by 3.3 percent. To fund these enhancements, the Social Fund’s budget allocation has been planned at approximately 15.6 billion rubles, reflecting the government’s commitment to sustaining social protections amid a changing economic environment.