“The average size of old-age insurance pensions for non-working pensioners in 2023 will increase to 21,864 rubles,” RIA Novosti reports.

In total, more than 9.5 trillion rubles are allocated for the payment of pensions in the budget of the Social Fund.

Earlier it became known that the Ministry of Labor proposes to increase the minimum wage for 2023 to 16,242 rubles, and the cost of living to 14,375 rubles.