Economist says impact of pension indexation in 2024 will be ‘blurred’

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Economist Nikita Maslennikov, head of the Finance and Economics department at the Institute for Contemporary Development, says indexing pensions at 7.5% next year may not cover losses from inflation. Such an increase in payments would recover about 90% of the losses, he said. Tsargrad.tv.

Maslennikov believes that next year the impact of pension indexation will blur as Russia continues to put high inflation pressure on the economy. In this context, many experts are calling for a transition to a new indexing model. So, for example, it is recommended to make calculations based on the wage increase rate, not inflation.

However, the economist emphasizes that this is a controversial issue because the transition to a new model poses additional risks.

“Given that next year will be challenging both macroeconomically and in terms of ongoing sanctions pressure and the slowdown in the global economy, the currently expected 7.5 percent solution is likely close to optimal. explained Maslennikov. “We’ll see then, maybe we’ll move to a new indexing model, but that’s closer to the end of the decade.”

Let us remind you that Russians will receive pensions in 2024 will be indexed According to the current year inflation rate – 7.5%. According to the Ministry of Finance, the total cost of pensions will be approximately 600 billion rubles.

Earlier economists statedThis indexation will outpace inflation, and therefore the increase in pensions will be noticeable for Russians.

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