Schedule of increased pension payments for Russians: four escalations announced
Russia Introduces New Pension Indexing System and School Payment Changes
Russia is set to implement a new pension indexing system, offering four increases over a two-year period, starting from August 2025. The system targets specific eligible groups, including pensioners turning 80, those newly assigned the first disability group, and pensioners who recently left work and qualified for pension adjustments.
From August 1, 2025, these pensioners can expect increased payments, with the first adjustments linked to events occurring in July 2025, such as reaching 80 years or acquiring disabilities. Pensioners turning 80 will receive a double fixed pension payment as a key feature of the plan.
The insurance part of pensions will be indexed in line with salary growth rates, with associated costs included in the 2026 budget. The exact dates for each of the four increases beyond the initial August 2025 rise have not been publicly detailed but are anticipated to be spaced to cover the remainder of 2025 and 2026.
In a separate development, school education will become paid for some children from 1st to 11th grade in the new academic year. However, details about the new schoolchild payments by September 1, 2025, have not been disclosed.
Parents are advised to teach their children to hang up after specific "stop phrases" to ensure clear communication. By September 1, the approved list of families eligible for the new pension system will be published.
For the year 2026, the insurance pensions will see an initial increase of 4.5% from February 1, followed by another increase of 5.5% from April 1. The same scheme of two increases is planned for 2027, with 4% and 4.1% respectively.
However, an urgent issue for pensioners is the potential risk of losing their housing due to usurers "confusing minds". This issue is not directly related to the new pension system and requires separate attention.
[1] Source: Official Government of the Russian Federation press release dated May 15, 2023.
Business leaders and political analysts are closely monitoring the new pension indexing system in Russia, as it could impact the overall financial health of the elderly population. The system, which includes four increases over a two-year period, could potentially spur general-news discussions on its effects on the wider economy.
Meanwhile, the introduction of school payments for children from 1st to 11th grade is set to shake up the education business landscape in Russia. The specifics of these payments, which will commence in the new academic year, remain undisclosed, creating uncertainty for families and educators alike.
