The social pension in Russia is set to rise starting on April 1, as reported by the newspaper Vedomosti, citing remarks made to the State Duma on the government’s activities by Prime Minister Mikhail Mishustin. The increase is part of a broader package of support measures aimed at strengthening the social safety net for vulnerable groups within the population.
The government clarified that current support programs will continue, and the April 1 rise will come in addition to the cost-of-living adjustments already implemented in June of the previous year. The new increase is targeted at individuals who do not have enough qualifying work experience to qualify for an insurance pension, ensuring a baseline level of financial stability for those who are most at risk of hardship.
Speaking to lawmakers, Mishustin noted that the cumulative rise in social pension benefits over the course of the year reached 13.5 percent. He emphasized that the forthcoming increment would further bolster pension security for roughly four million Russian residents, helping to narrow gaps in retirement resources and support households facing economic pressures.
In a separate development, legal expert Igor Vetrov addressed questions about pension transactions and bank card usage. He stated that there is no law compelling pensioners to conduct all payments through bank cards, while also outlining several nuances that could affect how certain payments are processed or suspended in specific situations.
Additionally, late March saw President Vladimir Putin sign a law that centers on the distribution of pensions exclusively through the Russian Post. The measure aims to streamline disbursement channels and clarify the administrative framework governing pension delivery to beneficiaries across the country, marking a notable shift in the mechanics of how pension funds are disbursed to recipients.