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- Long-standing accounts: 706 thousand Russians will be able to withdraw their pension savings in 2026.
Long-standing accounts: 706 thousand Russians will be able to withdraw their pension savings in 2026.
Next year, over 700,000 Russians will be able to receive pension savings on a one-time basis, according to the draft budget of the Social Fund (Izvestia has studied it). We are talking about contributions that have been frozen since 2014. 55-year-old women and 60-year-old men will be eligible for payments. You can withdraw funds if their amount does not exceed the established threshold — in 2026, it will grow to 440 thousand rubles, experts estimate. However, the average amount of such payments is noticeably lower due to the difference in salaries and deductions — about 68 thousand rubles. How payments will change and what impact this will have on the budget of the Social Fund is described in the Izvestia article.
Who is entitled to a funded pension in the Russian Federation
Next year, 706,000 people will be able to receive their retirement savings at once. The amount of such a payment will depend on the amount of money in a special account, but on average in the Russian Federation it will amount to 68 thousand rubles in 2026. Such data are provided in the materials for the draft budget of the Social Fund for 2026-2028 (Izvestia studied them). The editorial board sent a request to the foundation.
Pension savings were formed by Russians, for whom, from 2002 to 2013, employers transferred 6% of their salaries to employees' personal accounts. Since 2014, a moratorium has been in effect, known as the freezing of the funded part of pensions - companies can no longer make such contributions, all funds go only to the system of insurance (regular) pensions.
The accumulated savings continue to be invested, so the amounts on the personal accounts of citizens are growing. They can be obtained at the request of men from the age of 60, women from 55, that is, earlier than the retirement age (65 and 60 years, respectively).
In Russia, in addition to funded pensions, there are also insurance and state pensions (a person can receive them all). The first one is assigned to most citizens in old age — for it you need to have work experience (they also give you disability and loss of breadwinner). The second one is for special categories of citizens (for example, military personnel, cosmonauts, participants of the Great Patriotic War), as well as those who do not have insurance payments.
Pension savings can be assigned in the form of:
1) lump sum payment;
2) a funded pension, which is paid monthly indefinitely (in fact, it is an additional payment to old—age insurance) - in 2026, it will amount to an average of 1.6 thousand, according to the draft budget of the SFR, 153 thousand people will receive it.;
3) an urgent pension payment, which is accrued in monthly equal installments during a period that is determined by the citizen himself, but not less than 10 years (on average it will be equal to 3 thousand, in 2026 it will be assigned to 41 thousand Russians).
Most often, citizens are assigned a lump sum payment. Those who have an estimated amount of the funded part of the pension at the time of application does not exceed 10% of the subsistence minimum for pensioners (PMP) can receive all funds at once. The order is as follows: the amount in a person's account is divided by the period of life — the conditional period of life after retirement (in 2026 it is 270 months, or 22.5 years). The final value is compared with 10% of the PMP. In 2026, it will amount to 16.3 thousand rubles, respectively, the threshold is 1.6 thousand. If the payment is less than this amount, the person has the right to withdraw the savings in full.
At the same time, those who have an account balance that does not exceed the established limit can withdraw all funds at once. In 2025, it is equal to 412 thousand rubles, Izvestia wrote earlier. Next year, the threshold may rise to 440,000, Viktor Lyashok, senior researcher at the INSAP Center of the IPEI Presidential Academy, estimated. His calculation is as follows: the expected pension payment period is 270 months, the pensioner's living wage is 16.3 thousand. Therefore, the maximum amount for a one-time issue is 16.3 × 10% × 270 = 440 thousand.
How will one-time payments of pension savings increase
In the future, the average lump sum payment will grow. According to the draft budget of the SFR, in 2027 it will almost double (from 68 thousand in 2026) and reach 119 thousand rubles, and in 2028 it will decrease slightly to 114 thousand. At the same time, the number of citizens who will be able to withdraw savings at once will decrease by about a quarter: to 593 thousand people in 2027 and 574 thousand in 2028.
The reduction in the number of recipients in 2027 is due to the fact that the average amount of savings among citizens is becoming higher, explained Viktor Lyashok from the Presidential Academy.
At the same time, the increase in the average amount of payments may be due to the fact that in 2027, citizens with larger reserves will be eligible for a funded pension. Additionally, the upper limit is increased by the growth of the subsistence minimum and the indexation of parameters, said Yaroslav Kabakov, Director of Strategy at Finam IC. The dynamics are also influenced by the growth of salaries in the 2000s, the ability to use maternity capital to form a pension and the profitability of investing savings, added Yulia Dolzhenkova, professor at the Financial University under the Government of the Russian Federation.
— The average indicator is formed based on all values, and in Russia there is a great differentiation of salaries, and hence the amount of funded pensions that depend on them. If we compare the maximum amounts in Moscow or the Yamalo—Nenets Autonomous District, where traditionally high incomes and, consequently, deductions plus corporate pension insurance programs operated, with the average values in regions with low contributions, the difference becomes obvious," explained the professor.
At the same time, the payment of 68 thousand, although it does not look large against the background of high inflation, will still be a noticeable support: it is 2.5 times higher than the average pension in Russia and accounts for about 80% of the average salary, said Natalia Milchakova, a leading analyst at Freedom Finance Global. According to her, pre-retirees can place this money in a bank at a high interest rate and receive additional income, or use it for daily needs and medical treatment.
For working citizens, it is possible to transfer pension savings to a long-term savings program launched by the Ministry of Finance and the Central Bank in 2024. This is beneficial: the funded part can be used as an initial payment, investments are co-financed by the state, and a tax deduction is also available, Lyudmila Ivanova-Shvets, associate professor at Plekhanov Russian University of Economics, reminded.
— In many countries, the funded system provides a significant part of the future pension, as citizens form it throughout their working lives. In Russia, so far, only a small proportion of employees use such mechanisms," she added.
48 billion rubles are provided for lump-sum payments of pension savings from the Social Fund budget in 2026, 71 billion in 2027, and 65 billion in 2028, according to the draft budget of the SFR. In general, the authorities are planning a three-year surplus of the fund: 338 billion, 235 billion and 321 billion rubles, respectively. The positive result will be influenced by wage growth and the abolition of reduced insurance premiums for most representatives of small and medium-sized businesses from January 2026. For comparison, the fund completed the first half of 2025 with a deficit of 218 billion rubles, with a minus of 370 billion planned for the year, according to the report of the Accounting Chamber.
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