Government to Support Non-Working Pensioners

Government to Support Non-Working Pensioners

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More than 10 billion rubles ($163,110) will be allocated to Russian regions for additional payments to non-working pensioners, said Prime Minister Mikhail Mishustin.

On the previous day, there was a meeting of the Russian government, during which the Prime Minister announced that the regions would receive funds for social additional payments to pensions of citizens whose income is less than the subsistence minimum.

In addition, Mishustin underlined that the fulfillment of social obligations to citizens is very important, and the government will “co-finance” the expenses of Russian subjects in this direction. “These subsidies will help the regions of the Russian Federation pay supplements for more than a million Russians,” he said.

In turn, Minister of Labor and Social Protection Anton Kotiakov explained that the subsistence minimum for pensioners is currently 11,970 rubles ($195.24). As for payments linked to this index, they will be indexed automatically, so “there is no need to apply,” said the head of the Ministry of Labor.

According to the Federal State Statistics Service (Rosstat), the number of Russian citizens who are below the poverty line in 2021 amounted to 16 million people, which is almost 11% of the total population of Russia. This is by 2.8 million fewer people than at the end of the second quarter of 2021. The poverty line for the first quarter of 2022 is the amount of 12,916 rubles ($210.67).

Starting January 1, 2022, pensions of non-working pensioners were indexed by 5.9%. Unfortunately, inflation at that time was a record 8.39%. So, at the end of 2021, payments were additionally indexed by 8.6% but from June 1 of this year, the Russian government was able to increase all social payments by 10%, and after that the pensions of non-working pensioners increased to an average of 19,360 rubles ($315.78).

Nevertheless, Russian President Vladimir Putin said on July 18 that the pace of poverty reduction in Russia was “insufficient.” According to him, the number of citizens of our country, whose income in 2017 was below the subsistence level, was 12.9%, and by the end of 2021, this figure dropped to only 11%.

It should be noted that to increase the pensions of non-working pensioners, the government previously allocated more than 500 billion rubles ($8.16 mln) from the federal budget to support 50 million citizens.

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