Pension Indexation Updates in Russia
Starting August 1, pension payments for both working and non-working retirees will be indexed. According to IzvestiaPensions, working pensioners who accumulate additional insurance premium points will see an increase of 314.07 rubles. The adjustment also extends to retirees older than 80 and to individuals with disabilities in the first group, with an uplift in the insurance portion of their pensions. Overall, the changes will touch about 7.3 million Russian residents.
Some categories will not receive an uplift. Social and state pensions have fixed payments, so they do not change, and military pensions will be indexed in the same manner as the pensions for non-working retirees. An expert from VMT Consult, Ekaterina Kosareva, noted that the indexation targets working retirees who have pension points that were not counted earlier in their records.
Consequently, retirees who ended their formal employment last year will be eligible for a pension increase. The exact amount depends on the number of pension points an individual has and on the length of their retirement period. By October 1, police retirees will receive a 19.5 percent raise. In parallel, veterans of the Great Patriotic War will see a 15.5 percent increase, while military retirees will receive a 4 percent boost. The pension adjustment will occur automatically, without the need to submit an application.
Earlier, President Vladimir Putin signed a law establishing an indexing framework for military pensioners spanning from June 1, with adjustments of up to 10 percent of pensions. The law clarifies procedures for service members deemed ineligible or partially eligible and recognizes state awards for participation in hostilities as well as for war veterans.
In mid-July, Putin also signed legislation creating a single Fund for pensions and social insurance by merging the Pension Fund of Russia with the Social Insurance Fund of the Russian Federation. The reform is part of a broader project to build a unified social savings mechanism in the country. It centers on a digital platform intended to integrate all social information systems. The result is a centralized capability for managing social payments and delivering them to citizens promptly.