For 31 million people: Putin signed the law on the indexation of pensions in 2022 by 8.6%

On Friday, January 28, Russian President Vladimir Putin signed a law on the indexation of pensions above the inflation rate.

The document was published on the Internet portal of legal information.

In 2022, payments will be increased by 8.6%.

As a result, the average old-age insurance pension for non-working citizens will be 18,984 rubles.

In total, indexation should affect 30.8 million people.

As previously noted in the Federation Council, the cost of one pension coefficient will be about 107.4 rubles, and the amount of a fixed payment to the old-age insurance pension will be 6,564.3 rubles.

It is noteworthy that the law has retroactive effect and will work from January 1.

So, the Russians will be able to receive an indexed pension in February.

At the same time, citizens will be recalculated in January payments and will be provided with monetary compensation.

“The amount that pensioners received in the first month of 2022 will also be indexed.

Citizens will be paid all the lost funds, ”Yaroslav Nilov, chairman of the State Duma Committee on Labor, Social Policy and Veterans Affairs, explained in a conversation with RT.

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

As explained in the Kremlin, when forming the budget of the Pension Fund, inflation was forecast at 5.8%.

At the same time, at the end of 2021, the growth rate of consumer prices in the country turned out to be significantly higher than expected and amounted to about 8.4%.

“Force majeure circumstances intervened related to the continuation of the pandemic, global inflation, the rupture of supply chains, a decrease in supply and an increase in demand in the global market.

Naturally, all this affected Russia as well, since we indirectly became dependent on world processes.

Therefore, inflation in the country exceeded forecasts,” explained Valery Mironov, Deputy Director of the Institute for Development Center of the National Research University Higher School of Economics.

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

The President noted that 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 instructions of the Russian leader, 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.

Already on January 20, all the necessary changes were finally approved by the State Duma, and on January 26 approved by the Federation Council.

As Valentina Matviyenko, chairwoman of the upper house of parliament, said, the decision is an "important social guarantee."

“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, ”said Matvienko.

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The initiative should also have a positive impact on the economy, says Valery Mironov.

As the specialist emphasized, the increase in payments allows improving the solvency of citizens.

In turn, the demand from pensioners occupies a significant share in domestic consumption in Russia.

“Pensioners have a lower propensity to consume imported goods.

Thus, they stimulate natural import substitution.

The greater the income and spending of pensioners, the greater the consumption of domestic goods.

Therefore, supporting the demand of low-income segments of the population is not only humanly necessary, but also economically important, ”explained Mironov.

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.

“In addition, the pension increase has not yet been provided for working pensioners, recipients of social, state and military old-age payments.

Therefore, there is still a lot of work ahead, but we are glad that the first step in this direction has already been taken.

Now we are approaching an increase in military pensions.

There was already an instruction from the president, and work on it is being carried out in the State Duma Defense Committee.

And from April 1, social pensions will be indexed,” concluded Yaroslav Nilov.