Siluanov explained why pensions will be indexed twice in 2027
Quick Look
- In Russia, in 2027, insurance pensions will be indexed twice: from February 1 according to inflation in 2026 and from April 1 according to wage growth.
- The average old-age pension will reach 29,924 rubles by the end of the year.
AI-generated summary
Why It Matters
Announcement of plans for indexation of pensions, minimum wage and subsistence level for 2027.
Brief retelling from RIA II
Insurance pensions in Russia in 2027 will be indexed twice: from February 1 according to the 2026 inflation rate and from April 1 in accordance with the projected salary growth.
The average old-age pension at the end of 2027 will be 29,924 rubles.
In 2027, the cost of living and the minimum wage in Russia will be indexed.
MOSCOW, October 12 - RIA Novosti. Insurance pensions in Russia in 2027 will be indexed twice: from February 1, according to the level of inflation that will develop in 2026, and from April 1, in accordance with the projected growth of wages in Russia, Finance Minister Anton Siluanov said at a meeting of the State Duma Committee on Budget and Taxes.
“Insurance pensions will be indexed twice: from February to the inflation rate - 6.8%, and from April to 3.3% - these are the amounts by which, as we estimate, the level of wages in the economy will grow,” the minister said.
The average old-age pension at the end of next year, according to him, will be 29 thousand 924 rubles.
Also next year, the cost of living and the minimum wage in Russia will be indexed. Next year the cost of living will be 20 thousand 227 rubles, and the minimum wage will be 28 thousand 935 rubles.
Open Questions
- What will be the exact inflation rate by the end of 2026?
