An associate professor from the Faculty of Economics at RUDN University explained to the agency that a primer was emphasized in the discussion about pensions. The message clear: retirees who stopped working in September, along with those aged 80 and older, will see higher pension levels in December.
Looking ahead, a broader adjustment is planned for January 2024. The economist indicated that beginning this month, all pensions for non-working retirees will be increased by 7.5 percent. He highlighted that the monetary value of the increase will amount to roughly one and a half thousand rubles per month for a pension around 20,000 rubles, as a result of indexation.
Overall, the economist projected that the annual rise would average about 18,000 rubles per retiree.
Earlier, the newspaper Izvestia published data from a draft budget prepared by the Accounts Chamber for 2024–2027. The material suggested that the amount allocated for early retirement in Russia would rise to about 19.6 thousand rubles in the coming year.
In May, a decentralised report noted that Russians continue to work for an average of 7.5 years after retirement. This figure marked a record high within the statistical series that began in 2011. Back then, the average working period after retirement stood at 6 years. By 2020, the time spent in work post-retirement had increased to about 7.02 years.
There is also a separate piece of policy news touching the public sector: the State Duma approved a law that suspends indexation of civil servant salaries for the foreseeable future, a move that was widely discussed in the budget and payroll circles. [Izvestia]