Overview

• The draft federal budget replaces the earlier two‑step plan with a single 7.6% indexation of insurance pensions effective January 1, 2026.
• Because New Year holidays run through January 11, some pensioners who are paid at the start of the month, including working pensioners, will receive their indexed January payment at the end of December 2025.
• For 2027 the materials outline two staged increases of insurance pensions—4% from February 1 and 3.4% from April 1—with a similar two‑stage approach envisaged for 2028 (4% from February 1 and 3.8% from April 1).
• The value of one pension coefficient is planned to rise in 2027 to 163.03 rubles on February 1 and 168.57 rubles on April 1, with a possible increase to 181.97 rubles in 2028.
• Separately, in 2026 a one‑time payout of the funded portion of a pension will be available if savings are below roughly 440,000 rubles, with eligibility at 55 for women and 60 for men; the Social Fund estimates over 700,000 people could qualify, with an average payout just over 61,000 rubles.