Six years after the abolition of indexation of insurance pensions for working pensioners, the Pension Fund (PFR) stated that this measure did not significantly affect labor market indicators, household incomes and the dynamics of the Russian economy. This is stated in a letter from the first deputy chairman of the board of the department, Natalia Petrova, to the Russian tripartite commission for the regulation of social and labor relations. The letter is dated late October, writes RBC.

Firstly, the pensions of unemployed Russians, for whom this is the only source of income, will be reduced. They will become smaller due to the fact that limited budgetary funds will be redistributed from non-working citizens to working ones, the FIU warned.

Secondly, the implementation of this initiative will require additional budget spending in the amount of trillion rubles

“In connection with the additional indexation of insurance pensions by 10% from June 1, 2022, the amount of additional need for federal budget funds for indexation of pensions (with additional indexation for previous periods) of working pensioners in In 2022, taking into account the cost of delivery, it would amount to 498.7 billion rubles, ”RBC quotes a letter.

On November 14, it became known that the Russian government did not support the initiative of the Duma On January 1, 2023, the old-age pension was recalculated and indexed for working pensioners (based on the maximum coefficient of 10), Izvestia writes. According to party estimates, the implementation of the proposal will take about 538 billion rubles.

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As of January 1, 2022, there were over 8.5 million working pensioners in Russia, of which 7.3 million were recipients of an old-age insurance pension. Such data were provided by the Pension Fund of the Russian Federation.

The response of the Cabinet of Ministers to the request of the Liberal Democratic Party states that “the payment of an insurance pension to working citizens without indexation corresponds to the basics of compulsory pension insurance.” And the intended purpose of the insurance pension is to compensate for earnings or other income in connection with disability due to old age or disability.

In addition, the government reported that the implementation of the parliamentary initiative would lead to an increase in the volume of long-term pension liabilities, which relate to the distribution component of the PFR budget. Accordingly, to the additional expenditures of the federal budget.