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Pensions in Russia will be indexed from January 1 - EastRussia | Far East

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Pensions in Russia will be indexed from January 1

Pensions in Russia will be indexed from January 1
Photo: pixabay.com

Since January 1, 2020, insurance pensions for non-working pensioners will be indexed by 6,6%. The size of the fixed payment will amount to 5 rubles, as a result of the pension they will grow by at least one thousand rubles a month, and its average size will amount to 686,25 thousand rubles.

According to the press service of the Pension Fund of Russia, indexation will affect about 32 million non-working pensioners. Payments to pensioners who complete work within a year will also increase - by all missed indexations.

In January, insurance pensions will be increased according to the indexation mechanism introduced this year in excess of the subsistence level. First, the pensioner's income will bring the social surcharge to the subsistence minimum of the pensioner in the region, and then an increase based on the results of indexation will be established to this amount.