Jul 28, 2020
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“By reducing pensioners”: the State Duma explained the scheme for the growth of pensions

Oleg Shein, a member of the State Duma Committee on Labor, Social Policy and Veterans Affairs, commented on the Ministry of Labor’s plans to index pensions until 2024. According to him, this will be possible due to the so-called pension reform, which has reduced the number of pensioners in the country.

Due to this reserve, the next few years, the growth of pensions will indeed outstrip the inflation rate. And on average it will amount to 6-7% per year with an expected inflation of about 4%. But by 2028, this reserve will be completely exhausted, because the increase in the retirement age will generally end, – explained he is in an interview with NSN.

He stressed that after 2025, an increase in the size of the pension will be unlikely. By that time, the increase in the retirement age for women will end. If the state decides to raise the retirement age once again, then pensions may rise again.

Earlier, as wrote, the Ministry of Labor and Social Development promised to ensure a real increase in citizens’ pensions until 2024. The department called invalid the media reports on the freezing of pensions, allegedly provided for by the decree of the President of the Russian Federation Vladimir Putin “On the national development goals of the Russian Federation for the period up to 2030”. The ministry clarified that it is not the decrees that determine the size of the indexation of pensions, but the Federal Law of 2018 No. 350.

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