Insurance pensions in Russia will be increased twice a year

Starting in 2026, insurance pensions in the Russian Federation will be indexed twice a year. This was announced on July 1 by Russian Prime Minister Mikhail Mishustin during a strategic session on reducing poverty and increasing real incomes of citizens.

"Starting in 2026, the insurance pensions of those who have retired will double. Since February, according to the inflation rate over the past year, and since April, taking into account the growth of the Social Fund's income," he said.

At the same time, the Prime Minister recalled that in January of this year, insurance pensions increased by 7.3%, and then the figure rose by 9.5%, based on the inflation rate. Also, at the initiative of Russian President Vladimir Putin, the indexation of insurance pensions for working citizens was resumed.

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On June 25, Candidate of Economics, Associate Professor at the Financial University under the Government of the Russian Federation Igor Balynin spoke about benefits for Russian residents of pre-retirement age. The expert noted that such citizens of the country are exempt from paying personal property tax and land tax.