Russian President Vladimir Putin confirmed recent expert forecasts: pensions for Russians will be further increased taking into account adjusted inflation by the end of 2024. After all, the latter amounted to 9.52%, and not 7.3%, as expected by the Ministry of Economy (pensions were increased by this figure in January). Details of the new increase are in the NEWS.ru article.
How pensions were increased from January 1, 2025
In the fall of 2024, the Russian government decided that pensions in the country would increase by 7.3% from the beginning of 2025. This is the level at which annual inflation was estimated at that time. As a result, the average old-age payment in Russia should be 24,059 rubles 12 kopecks. Also, an innovation came into force in January – pensions are increased not only for those who are on a well-deserved rest, but also for working pensioners.
However, the Social Fund notes that the increase in payments was different for those who continue to work and for those who have already quit. The peculiarity is that the level of indexation is calculated not from the amount that a working pensioner receives now, but from the amount that he could receive if he were a non-working pensioner. Let’s say that while working, he received 19,527 rubles 94 kopecks per month at the end of 2024. And if he were non-working, the payment would be 36,351 rubles 59 kopecks. And the indexation calculation would be made based on the latter amount (that is, taking into account all indexations).
Thus, the pension of a working pensioner has increased by 2,653 rubles 11 kopecks per month (7.3% of 36,351 rubles 59 kopecks) to 22,181 rubles 5 kopecks (19,527 rubles 94 kopecks + 2,653 rubles 11 kopecks). That is, a person receives indexation taking into account all missed increases during work, but the pension itself will be paid taking into account the index for 2025. When a pensioner retires, in addition to the increase in indexation for 2025, he will receive an increase in his pension, the amount of which will be calculated taking into account all missed indexations during his work. That is, an increase in payments is guaranteed to everyone, but only those who have left work will also receive an increase in connection with retirement.
Leave a Reply