The Pension Fund recorded a record surplus of 1.1 trillion rubles. in 2022

The Russian Pension Fund ended 2022 with a record surplus of 1.1 trillion rubles, follows from the analytical note of the Accounts Chamber, which is available RBC. The surplus formed against the backdrop of an increase in transfers from the state budget by 70% compared to the planned level, the document says.

PFR revenues in 2022 amounted to 12.48 trillion rubles, which is 24.4% higher than the original plan approved in 2021. expenses increased relative to the plan by 12%, to 11.37 trillion rubles, the newspaper reports. Thanks to a record surplus, PFR excess funds grew from 569.5 billion rubles. in 2021, up to 1.66 trillion rubles. at the end of last year, estimated in the Accounts Chamber.

According to the audit body, the budget transfer to the PFR amounted to 6.17 trillion rubles in 2022, which is 70% higher than budget level and 64% more than in 2021. The note says that the increase in the transfer is due to increased spending on pensions and other social pensions and the new powers of the fund. In 2022, the PFR is also paying out 16 benefits and social support measures to certain categories of citizens.

In July 2022, President Vladimir Putin signed a law merging the Pension Fund and the Social Insurance Fund into a single Pension and Social Insurance Fund from 2023. In December the government singled out To the Pension Fund 1.5 trillion rubles. for the payment of pensions, including in 2023. From January 1, the Ministry of Labor indexed pensions by 4.8%.

Read more about the new structure – in the material “Kommersant” “New Social Responsibility Foundation”.

Erdni Kagaltynov