Ministry of Finance: the draft budget for 2027 includes two increases in insurance pensions
The Ministry of Finance submitted to the government a bill on the federal budget for 2027 and for the planning period 2028-2029. According to the document, insurance pensions will be increased twice next year.
The Ministry of Finance submitted to the government a bill on the federal budget for 2027 and for the planning period 2028-2029. According to the document, insurance pensions will be increased twice next year.
From February 1, the provision will be increased by 6.8% - in terms of inflation over the past year, the publication indicates. In addition, from April 1, the insurance part of the pension will be additionally increased by 3.3% in terms of wage growth. Thus, the average size of old-age pension at the end of 2027 will be 29,904 rubles, the Finance Ministry said.
By early June 2026, according to the Social Fund, the number of pensioners in Russia almost reached 40.48 million people. Among them are recipients of insurance, social and state pensions.
