Overview

• Officials say a single 7.6% indexation of insurance pensions is proposed from January 1, 2026, replacing the earlier two‑step plan for that year.
• Because of extended New Year holidays, pensioners who are paid at the start of the month will receive their January payments early in late December 2025, including working pensioners.
• The draft outlines a return to two‑stage indexation in 2027 and 2028, with increases of 4% on February 1 and 3.4% on April 1 in 2027, then 4% and 3.8% in 2028.
• Budget materials indicate the pension coefficient would be raised twice in 2027—from 163.03 rubles on February 1 to 168.57 rubles on April 1—with a projected rise to 181.97 rubles in 2028.
• A 2026 one‑time payout of the funded pension is proposed for retirees with accumulations below roughly 440,000 rubles, with eligibility at 55 for women and 60 for men; the Social Fund estimates over 700,000 potential recipients and an average payout just over 61,000 rubles.