The Ministry of Labor has proposed updating the pension framework for non-working retirees twice a year, according to a draft plan from the Social Fund for 2024 and the outlook for 2025–2026.
Under the new schedule, pensions would rise by 5.3% starting January 1, 2024, averaging about 22,772 rubles annually. A second adjustment would occur after more than a year, with a 4% increase effective February 1, 2025. A third adjustment would follow on April 1, boosting pensions by 3.8% to roughly 24,120 rubles. For 2026, two indexed steps are planned—February at 4% and April at 2.8%, lifting the average pension to around 25,690 rubles.
Plans also call for a steady increase in the fixed payment accompanying the insured pension. Beginning January 1, 2024, that fixed payment would be 7,968.4 rubles. From February of the following year, it would rise to 8,287.14 rubles, and in April it would reach 8,602.05 rubles. By February 2025, the fixed payment would be indexed to 8,946.13 rubles, and from April 1 it would be 9,196.62 rubles.
These double indexations will be guided by projected inflation (the first stage in February) and by the Social Fund’s income growth (the second stage in April).
Despite these planned increases, the Department of Labor expects salaries to grow faster than pensions. The insured pension–salary ratio is projected to fall to 26.3% in 2026, down from 27% in 2024.
With the planned pension increases, the ministry notes that the ratio of the average annual insured pension to a pensioner’s subsistence level in 2024 will be at least 161.4 percent. The ratio is expected to decline to 157.3% in 2025 and to 153.3% in 2026.
drill capital
For 2024, inflation-indexing is planned for maternity capital. The payment would rise by 5.3% to 618.1 thousand rubles for the first child, and up to 816.7 thousand rubles for the second child, according to RBC reporting.
In 2025, the mother’s capital is projected to reach 642.8 thousand rubles for the first child and up to 849.4 thousand rubles for the second; in 2026, the first child would see up to 668.5 thousand rubles and the second up to 883.4 thousand rubles, reflecting ongoing inflation adjustments.
The Ministry of Economic Development estimates inflation will not exceed 5.3% by the end of 2023.
Salary tax up to 30 thousand rubles.
Leonid Slutsky, head of the LDPR faction in the State Duma, has submitted a proposal to eliminate personal income tax for Russians earning less than 30,000 rubles per month. The plan suggests amendments to the Tax Code to remove PIT for these earners, a move seen as a way to lift living standards for low-income households.
The proposed threshold of 30,000 rubles is close to double the current minimum wage, which the proponents argue would deliver a meaningful financial improvement for many workers. If approved, the changes would take effect on January 1, 2024.