The size of pensions for 2024 has become known

The draft budget of the Social Fund of Russia for 2024 has been submitted to the State Duma for consideration. It takes into account the indexation of key social payments. For example, it is planned to allocate over 10 trillion rubles for payments to pensioners.

When and for what is a pension assigned?

Old-age insurance pension is the most common type of payment in Russia. In 2028, the transition period will end and older people will receive a pension upon reaching 60 for women and 65 for men. In 2022, women retired at 56.5 years old, and men at 61.5. In 2023, only those citizens who are eligible for early retirement can apply for a pension. The next stage of raising the retirement age will occur in 2024, when women turn 58 years old and men 63 years old.

At the same time, a number of categories of citizens may qualify for early retirement. These are people who work in jobs with harmful and difficult conditions, at risk to their lives. Medical and teaching workers, as well as mothers of many children, can count on early retirement. Russians who have worked in the Far North for a long time can also apply for early payments.

In 2024, to retire, a citizen must have at least 15 years of insurance experience. This period includes years of work when the employer paid insurance premiums for the employee. In addition, work experience, for example, includes periods of caring for a child or a person who has reached 80 years of age, caring for an adult or child with a disability, military service, and others.

How much can you claim?

Next year, the average pension in Russia after indexation should be 23,405 rubles. As reported by the press service of the Russian Ministry of Labor, the recalculation of pensions will occur on January 1, 2024 and will increase by 7.5%, or 1,628 rubles.

The amount of payments for Russian pensioners consists of two parts. The first is the size of the individual pension coefficient, or IPC. It is determined by formulas and is directly related to the amount of insurance premiums. The second component is a fixed payment to the old-age insurance pension. Her size for 2023 amounts to RUB 7,567

To more accurately predict the size of your pension, as well as find out a number of other important details regarding payments, you can use the service “Pension calculator”.