“A good and fair measure”: the Federation Council approved an amendment to index pensions by 8.6% in 2022

On Wednesday, January 26, the Federation Council approved an amendment to the legislation on the indexation of pensions in Russia above the inflation rate.

In accordance with the instructions of President Vladimir Putin, payments will be increased by 8.6%.

“So, in 2022, the cost of one pension coefficient will be 107 rubles 36 kopecks, and the amount of a fixed payment to the old-age insurance pension will be 6,564 rubles 31 kopecks.

Adjustment of insurance pensions, taking into account the indicated amounts, will be made from January 1, 2022, ”the upper house of parliament said in a statement.

As previously noted in the Ministry of Labor and Social Protection, taking into account indexation, the average old-age insurance pension for non-working citizens will be 18,984 rubles.

In total, the increase in payments will have to affect 30.8 million people.

It is assumed that the Russians will be able to receive an indexed pension in February.

Also, citizens will be recalculated January payments and will be provided with monetary compensation.

“This is a good and fair measure, because it was the pensioners who, first of all, were seriously affected financially due to the surge in prices last year, especially for food.

And this (indexation. -

) will somewhat mitigate the severity of this problem, although it is clear that this is not the only measure, ”Valentina Matvienko, chairman of the Federation Council, said earlier.

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Note that initially from January 1, 2022, pensions in Russia were increased by only 5.9%.

The value turned out to be significantly lower than real inflation, which at the end of 2021 amounted to 8.4%.

Vladimir Putin announced the need to index pensions to real inflation at the end of 2021.

According to him, the authorities strictly adhered to this rule over the past few years, and in the current conditions, “it would be wrong to deviate from this principle.”

On January 12, after the release of preliminary data on inflation for 2021, the head of state proposed to increase payments at a faster pace - by 8.6%.

In order to promptly fulfill the President's instructions, it was decided to introduce amendments to the draft law on pensions for the minority peoples of the North, which had already been adopted in the first reading.

As a result, the State Duma finally approved all the necessary changes on January 20.

“Indexation of pensions above inflation is necessary to maintain the income of the population at the proper level.

Such actions allow us to count on the fact that Russians of retirement age will maintain their usual way of life and will not be forced to cut spending on medicines, food, rest and leisure, ”said Svetlana Bessarab, a member of the State Duma Committee on Labor, Social Policy and Veterans Affairs, in an interview with RT .

In total, the authorities plan to allocate an additional 172.7 billion rubles for the indexation of pensions in 2022.

At the same time, in 2023, the corresponding volume of additional expenses should amount to 178.4 billion rubles, and in 2024 - 188.9 billion rubles.

However, the proposed spending will not have a serious burden on the country's budget, Svetlana Bessarab believes.

“In total, 540 billion rubles will be spent for these purposes in the next three years.

These are serious funds, but we, as a social state, consider it necessary to fulfill our obligations to the population in full,” Bessarab added.

As the deputy reminded, from January 1, 2022 in Russia, the minimum wage (minimum wage) and the living wage were also increased by 8.6% - up to 13,890 and 12,654 rubles, respectively.

The initiative should lead to an increase in salaries and social benefits for 19 million Russians.

Moreover, since February 1, taking into account actual inflation, it is planned to increase the amount of maternity capital.

So, the amount of payment for the first child can be 524.5 thousand rubles, and for the second - 693.1 thousand rubles.

If the family has already been paid money for the first child, 168.6 thousand rubles will be credited when the second child appears.

Increasing payments could be a stimulus for the economy as a whole.

This point of view in an interview with RT was expressed by the head of the analytical department of AMarkets Artyom Deev.

“The faster the incomes of Russians grow, the more consumption increases and, as a result, the turnover of producers increases.

In turn, high profits of commercial organizations ensure good tax collection and budget filling.

As a result, the state can again direct additional funds for social needs,” the analyst emphasized.