The Social Fund explained how pensions for working pensioners will be indexed
The Social Fund of Russia has explained how the indexation of insurance pensions for working pensioners will be carried out.
According to the agency, the process will take two stages. The first will take place in February, the second in March.
From the publication on the official website of the Russian Social Fund it follows: “The law on indexation will come into force on January 1, 2025.”
However, it is emphasized that the indexation itself will begin on February 1, 2025.
Detailed details
It is also emphasized that each February indexation will begin to be carried out taking into account the growth rate of consumer prices for the past year.
The price increase will affect both the insurance and fixed parts of the pension.
During the second stage of indexation, the amount of insurance pensions will be recalculated taking into account the income of the Social Fund of Russia.
The above process will affect only the insurance part of the pension, which is formed by the individual pension coefficient.
