Working retirees in the Moscow region will see personalized pension recalculations in August
According to reports from DEA News, the Pension Fund of Russia has begun updating the pensions of working retirees. In the Moscow city and Moscow region, a recalculation process will be carried out for a significant group of pensioners who continue to work while receiving retirement benefits.
Officials note that the recalculation will be conducted for insured retirees who paid pension contributions through their employers in 2021. In the Moscow region alone, the adjustment will apply to about 1.3 million working pensioners starting August 1, 2022.
What makes this recalculation distinctive is that it is calculated on an individual basis. Unlike a broad percentage-based indexation, the adjustments reflect each person’s personal employment and contribution history. This means the outcome can differ from one recipient to another, with some seeing a higher increase and others a smaller uplift based on their specific circumstances.
The change covers a wide spectrum of contributors, including both salaried workers and those who fund their own pension obligations. Legal professionals such as lawyers and notaries, individual entrepreneurs, and others who operate in private practice and contribute to the pension system on their own account are included in this update. The Pension Fund Bureau clarified that self-employed individuals who pay into the system with self-directed contributions will also receive recalculated benefits that reflect their unique working patterns and contribution totals.
Beyond the recalculation, discussions have continued about potential policy changes that would affect future retiree support. A notable development is the proposal to introduce an additional pension payment, sometimes described as a thirteenth pension, which would be addressed by lawmakers in the upcoming parliamentary session. Observers have noted that this proposed measure could bring extra financial relief to retirees, especially those balancing work with retirement benefits.
Analysts emphasize that the recalculation process is part of a broader effort to align pension benefits with actual working activity and contribution histories. For many retirees who still work or run small businesses, that alignment can translate into meaningful and personalized increases in pension income. The process also underscores the importance of accurate record-keeping and timely reporting by employers, self-employed contributors, and the agencies responsible for pension administration. As the August recalculation unfolds, pensioners in the Moscow region are encouraged to review their individual statements and consult the Pension Fund if any discrepancies arise.
In summary, the August adjustments mark a significant shift toward individualized pension outcomes for working retirees. The approach moves away from one-size-fits-all increases and toward outcomes that better reflect each retiree’s work history and financial commitments. For residents of Moscow and the surrounding region, this recalculation could bring noticeable changes in monthly pension income, reinforcing the policy aim of more accurately reflecting real-life earnings and contributions.
As this policy evolves, both employees and self-employed professionals are urged to stay informed about upcoming parliamentary discussions and any prospective changes to pension schemes that may affect future benefits. The overall direction signals a continued emphasis on personalized support for retirees who balance work with retirement and a push for greater transparency in how pension benefits are determined.