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Russia Drafts 7.6% Jan. 1 Pension Increase, Early Payments in Late December

The measures appear in the government’s draft budget, pending State Duma approval.

Overview

  • Insurance pensions would be indexed by 7.6% from January 1, 2026, with some January payments issued in late December 2025 due to the New Year schedule, including for working pensioners.
  • In 2027 the draft foresees two-step insurance-pension increases of 4% from February 1 and 3.4% from April 1, alongside raising the pension coefficient to 163.03 rubles and then to 168.57 rubles.
  • For 2026, retirees with funded balances below roughly 439,776–440,000 rubles could take the accumulative part as a one-time payout, available to women at 55 and men at 60.
  • The Social Fund estimates more than 700,000 people may qualify for the lump sum, with an average one-time payment just over 61,000 rubles.
  • Budget materials project higher Social Fund benefits, including maximum monthly sick-leave payouts above 238,000 rubles in 2027 and 258,000 rubles in 2028, and a 14.8% rise from April 1, 2026 for payments tied to social pensions.