Pensioners employed in Russia will see a boost to their pensions starting August 1, a change tied to the amount of insurance premiums paid in 2022, according to Ekaterina Tuslyakova, a life lawyer with the European Legal Service. The increase, while real, has a ceiling. The maximum uplift is three retirement points and it will be influenced by both salary levels and the length of service. Importantly, the points earned in the previous year will be factored into the calculation for the raise.
The practical takeaway is clear: an older person who knows the entitlement level can verify the exact figure through official channels. The Government Services portal offers the forecast, and the Social Fund keeps records that can confirm the increase. Individuals can also perform the calculation themselves if they understand the underlying formula. To do so, they would need to input the precise salary figure and the share that went toward insurance premiums.
When a working pensioner ceases employment, the pension is recalculated and indexed. Beginning January 1, the upward adjustment will continue, and pensions for retirees who have not returned to work by that date will be recalculated as well.
The expert noted that payments to insured pension recipients will rise if the insured old-age pension and the person’s livelihood are disrupted. This adjustment applies to cases where appointments occurred in 2022 or 2023, and when the value of the individual pension coefficient was not fully accounted for in earlier calculations.
A broader effect of the pension increases will be felt by retirees aged 80 and older, with the fixed portion of their payments doubling to provide more stability in fixed income during later years.
Towards the end of June, Izvestia discussed a draft of the main features of the budget for the Russian Pension and Social Insurance Fund. A notable projection in the draft suggests that by 2026 the level of social pensions in Russia could rise to about 15 thousand rubles.
Svetlana Bessarab, a former State Duma deputy, contributed to the discussion by asking whether it might be possible to raise the retirement age in Russia, a question that continues to surface in parliamentary and public debates about pension policy and social protection for aging citizens.