08.07.2026, 11:41
The growth rate of pensions in Russia has been estimated
Source: OREANDA-NEWS
OREANDA-NEWS Over the past ten years, the average pension in Russia has doubled. This is reported by RIA Novosti with reference to statistical data.
If in May 2016 the average pension amount was 12.4 thousand rubles, then ten years later it was 25.4 thousand. Over the past 12 months, the indicator has increased by 8.3 percent.
Despite the noticeable increase in social security payments over the past ten years, the pensions of a significant part of Russians remain at a fairly low level, experts agree. Against this background, it is more profitable for older citizens to continue working even after reaching retirement age, noted Lyudmila Ivanova-Shvets, Associate Professor of the Basic Department of Human Resources Management at the Plekhanov Russian University of Economics, Chamber of Commerce and Industry of the Russian Federation.
At the same time, social benefits could have been significantly higher if the authorities had not frozen the pension savings of citizens in 2014, complained the NPF "Future". The government had to take this measure to cover the deficit of the Pension Fund of Russia (PFR, the current Social Fund). If it were not for the freeze, experts stated, the increase in social benefits for employed citizens could now reach 30 percent of the current 25 thousand rubles.
If in May 2016 the average pension amount was 12.4 thousand rubles, then ten years later it was 25.4 thousand. Over the past 12 months, the indicator has increased by 8.3 percent.
Despite the noticeable increase in social security payments over the past ten years, the pensions of a significant part of Russians remain at a fairly low level, experts agree. Against this background, it is more profitable for older citizens to continue working even after reaching retirement age, noted Lyudmila Ivanova-Shvets, Associate Professor of the Basic Department of Human Resources Management at the Plekhanov Russian University of Economics, Chamber of Commerce and Industry of the Russian Federation.
At the same time, social benefits could have been significantly higher if the authorities had not frozen the pension savings of citizens in 2014, complained the NPF "Future". The government had to take this measure to cover the deficit of the Pension Fund of Russia (PFR, the current Social Fund). If it were not for the freeze, experts stated, the increase in social benefits for employed citizens could now reach 30 percent of the current 25 thousand rubles.
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