Russian President Vladimir Putin has enacted legislation that raises military pensions by 4.5 percent for 2024. The official text announcing the measure has been published on the portal of legal information.
The pension increases are set to take effect starting October 1, 2024. Previously, the law counted monetary allowances at a rate of 54 percent when calculating military pensions. The amendments change this framework: beginning January 1, 2024, 85.47 percent of the monetary allowance is included in pension calculations, and from October 1, 2024, the rate rises to 89.32 percent. According to the document, these adjustments collectively push the average military pension higher by 4.5 percent. The details are outlined in the official law text and accompanying explanations, as cited by state information portals. [Source: Portal Legal Information]
In addition, Putin signed another law establishing the minimum wage in Russia for 2024 at 19,242 rubles per month. By comparison, the monthly minimum wage for 2023 stood at 16,242 rubles. The new statute projects an increase of three thousand rubles, equating to an 18.5 percent rise next year. This policy move is framed as part of a broader effort to adjust basic living standards and wage floor benchmarks across the national economy, with the official rationale and figures documented in state records. [Source: Portal Legal Information]
Observers note that the reforms to how pensions are calculated affect first-time applicants as well. For example, analysts and academics have commented on the implications of the revised calculation method for new beneficiaries, highlighting shifts in the share of monetary allowances that feed into pension totals. These analyses have been referenced in public discussions and appear in contemporaneous commentary from experts in social policy and military benefits. [Source: Academic commentary; Public discourse]