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Pensions in Russia will be indexed from January 1
Since January 1, 2020, insurance pensions for non-working pensioners will be indexed by 6,6%. The size of the fixed payment will amount to 5 rubles, as a result of the pension they will grow by at least one thousand rubles a month, and its average size will amount to 686,25 thousand rubles.
According to the press service of the Russian Pension Fund, the indexation will affect about 32 million non-working pensioners. Payments to retirees who complete their work within a year will also increase - by all missed indexations.
Insurance pensions in January will be increased according to the indexation mechanism introduced this year in excess of the subsistence minimum. First, the pensioner's income will be brought up to the pensioner's subsistence minimum in the region by a social supplement, and then an increase will be established to this amount based on the indexation results.