Authorities plan indexation of pensions by 4.8% in 2023

Material author:

Thanks to indexation by 4.8% in 2023, the average pension will rise to 21,862 rubles. At the same time, in 2025 it is planned to index by 4.6%, and in 2025 – more than 7%.

The increase will affect the old-age insurance pension received by non-working citizens. The level of indexation is set by the Ministry of Economic Development on the basis that the forecasts will not be lower than the inflation rate. Price growth is expected to be 12.4% by the end of 2022, and 5.5% and 4% in 2023 and 2024.

In this case, the indexation of social pensions will be carried out in relation to the increase in the subsistence minimum for a pensioner. As a result, the average amount of such payment by the end of 2023 will be 12,562 rubles.