Discussion held in the Russian State Duma regarding the increase of insurance pensions in 2026
The Russian Social Fund has confirmed that next year will see two increases in progressive insurance pension payments, marking a shift from the usual annual indexing.
The first increase, scheduled for February 1, 2025, will be influenced by the inflation indicator for that year, as previously stated. The exact figures for this stage increase are yet to be determined due to the complexity of the situation.
The second increase, set for April 1, 2025, will follow a 3.74% raise effective from July 2025 that fully applies by September. This second increase will take effect on September 1, with the adjusted payments made between September 10 and 20, and regular payout on September 30, 2025.
The April increase will be influenced by the real income of the Russian Social Fund, primarily from contributions from working citizens, wage growth, and employment levels. Larger volumes of progressive insurance contributions could potentially lead to a substantial April increase if the economy performs better than expected.
The Central Bank's baseline forecast for inflation in 2025 is between 6-7%. The overall pension reform package decided by the government in August 2025 aims at securing the pension level until 2031 and preventing old-age poverty. This reform package, along with economic factors like contributions and adjustments related to child-rearing periods, will also impact the April increase.
It's important to note that the size of the progressive insurance pension has been doubled for certain categories of citizens since September 1.
The situation with the April indexing is more complex due to its dependence on the income of the Russian Social Fund. The exact figures for the April stage increase are yet to be announced, but the potential for a substantial increase is there if the economy performs well and there are larger progressive insurance contributions.
In conclusion, next year will see two increases in progressive insurance pension payments in Russia, providing a welcome boost to retirees' incomes. The exact figures for the increases are yet to be determined, but the potential for a substantial April increase is there if the economy performs well and there are larger progressive insurance contributions.
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