Russia to Double Pension Indexation in 2026, Boosting Average Pension to 26,697 Rubles
In a significant move, the Russian government has announced a double indexation of pensions, set to take effect from January 1, 2026. The decision was revealed during a meeting of the program committee of the party 'United Russia', with a representative from the party breaking the news. The living wage is also set to increase, with social benefits and payments indexed based on the actual inflation rate for 2025.
The double indexation will occur in two stages, starting with a 7.6% increase from January 1, 2026. This is in addition to the initial 6.8% increase based on the expected inflation rate for 2025. The average pension size is expected to reach 26,697 rubles by the end of 2026, following these increases. The announcement was made by Russian Finance Minister Anton Siluanov, who revealed the plans in the draft budgets of the Social Fund and the federal budget.
The living wage is also set to rise, increasing by 1,200 rubles to reach 18,839 rubles. These changes reflect the government's efforts to adjust social payments and pensions in line with inflation, ensuring that beneficiaries can maintain their purchasing power.
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