The authorities presented a plan to increase the mother’s capital and indexation of pensions until 2025

The Ministry of Labor presented the first options for indexing the mother’s capital, as well as pensions for non-working senior citizens, writes RBC. In both cases, the calculations were made for the next three years.

On increasing the size of the mother’s capital

Ministry of Labor offers increase child benefits as follows:

  • 2023: at the birth of the first child, the amount will be 616.3 thousand rubles (now 524.5 thousand rubles), for the second child – 814.4 thousand rubles (693.1 thousand rubles);
  • 2024: for the first child – 653.9 thousand rubles, for the second child – 864.1 thousand rubles;
  • 2025: 680.1 thousand rubles and 898.7 thousand rubles, respectively.

The forecast, according to RBC, was based on calculations by the Ministry of Economic Development, which provide for an acceleration in price growth to 17.5%, in 2023 to 6.1%, and in 2024 to 4%. According to the Russian Pension Fund (PFR), in 2021, 1.1 million people received maternity capital, of which 526,000 certificates were issued for the first child.

In 2019, 623.5 thousand certificates were issued, in 2020 – 1.2 million. The sharp increase in the number of issues is due to the fact that since 2020, mother capital began to be issued at the birth of the first child, before that it could only be received at the birth of the second or subsequent children.

On the indexation of pensions

Ministry of Labor proposed the option of indexing pensions for non-working pensioners for the next three years – an average of 6.8% per year. At the same time, according to the forecasts of the ministry, the number of pensioners during this period may decrease by about 500 thousand people.

The design calculations of the department are as follows:

  • from January 1, 2023, the indexation of pensions may be 6.8% – in this case, the average payment will be 22.1 thousand rubles;
  • from January 1, 2024 – by 6.1% (in this case, the average pension will be 23.3 thousand rubles);
  • from February 1, 2025, indexation may be 4%, and from April 1 of the same year – 3.6% (on average, payment of 24.4 thousand rubles).

Indexing, according to the document of the Ministry of Labor, will not affect working pensioners. The fixed payment to the insurance pension, indicated in the project, will increase in 2023 to 7.7 thousand rubles, in 2024 – up to 8.1 thousand rubles, in 2025 – up to 8.5 thousand rubles. The indexation of the pension in 2023 takes into account its additional increase by 10% from July 1, 2022.

The press service of the Ministry of Labor noted that the indexation in 2025 is divided into two stages, because by the time of the second stage, the laws on insurance pensions will come into force. The PFR budget is planned to be in surplus for all three years.

The number of pensioners in Russia has been declining since 2019. decline in 2021 amounted to almost 1 million people, including due to deaths from COVID-19, RBC reported, citing PFR data.

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