The Ministry of Labor announced the indexation of social pensions by 3.3% from April 1
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Social pensions from April 1, 2023 will be indexed by 3.3%. This will be in addition to the 10% indexation carried out in June 2022. The corresponding draft is submitted for public discussion. This was reported in press service Ministry of Labor.
Until the end of 2023, 15.57 billion rubles will be allocated for the indexation of social pensions. from the federal budget. Indexation will affect about 4 million recipients of payments. The Ministry of Labor explained the need for indexation by the growth of the living wage. The cumulative growth of the social pension for the year will be 13.6%, which is higher than the annual inflation rate of 11.9%.
“From June 1, the cost of living, the minimum wage, insurance and social pensions, on behalf of the President, were indexed by 10%. Since January 1, the cost of living has increased by another 3.3%. From April 1, by analogy with the subsistence minimum, social pensions will increase by another 3.3%, which increase annually in line with the growth of the subsistence minimum,” said Deputy Minister of Labor and Social Protection, Secretary of State Andrey Pudov.
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