Russia Raises Pensions and Minimum Wage as 2026 Indexation Takes Effect

Overview

• Insurance pensions rose by 7.6% from January 1, and the national subsistence minimum was set at 18,939 rubles.
• The pension point value is now 156.76 rubles and the fixed payment is 9,584.69 rubles for insurance pensions.
• The minimum wage increased to 27,093 rubles, with officials saying roughly 4.5 million workers should see higher pay.
• Territorial Social Fund offices can now provide regional pension supplements in areas that sign cooperation agreements, simplifying payment administration.
• Pensions are assigned automatically when criteria are met, with 2026 eligibility covering women born in 1967 at 59 and men born in 1962 at 64, requiring at least 15 years of service and 30 pension points; additional indexation of social pensions is scheduled for April 1.