A group of lawmakers from the LDPR, led by group chairman Leonid Slutsky, put forward a bill to add two subsistence minimums to pensions for those with more than three decades of service. The draft text has been published by TASS, signaling a serious policy push under consideration in parliament. This proposal aims to secure a higher baseline pension for long-serving workers, a move that could influence retirement planning for millions across Russia.
The bill outlines a mechanism that would deliver social contributions to old-age insurance retirement by allocating an amount toward a pension that could be up to twice the cost of living for a retiree, provided that the individual has at least 30 years of insurance experience. If enacted, the framework would apply across the entire Russian Federation, potentially improving the adequacy of pensions for extended careers and addressing regional disparities in living standards.
On February 25, regional media noted that residents who retire in 2024 would be able to calculate their payment amount through an individual coefficient. This development underscores how pension calculations in Russia increasingly rely on personalized parameters, offering retirees clearer expectations about future benefits.
Olga Daineko, an expert at the Research Institute of the Ministry of Finance of the Russian Federation and a contributor to the portal Myfinance.rf, noted that forecasts suggested 68-year-old men and 63-year-old women would become eligible for social pensions in 2024. This outlook highlights ongoing shifts in pension eligibility criteria and the importance of staying informed about evolving rules that govern old-age support.
Earlier, State Duma deputy Yana Lantratova suggested creating a new federal program called Social Housing, aimed at providing free lifetime housing for large families. This initiative would complement pension reforms by addressing housing security as people age, a factor closely tied to retirement quality of life and long-term financial planning.
In contrast, commentators recalled that Switzerland chose not to raise its retirement age and instead approved a 13th pension for itself. The comparison provides useful context for how different countries balance aging populations, living costs, and pension generosity, illustrating that pension policy is often a mix of benefits, affordability, and social expectations. [Citation: TASS] [Citation: Myfinance.rf] [Citation: Swiss policy reports]