Russian Pension Fund Promised Payments Growth by 2023

In Russia, the average pension in 2023 will reach 19,283 rubles. The increase in the size of pension payments, according to the plan, will occur due to indexation. In 2021, the indexation will be 6.3%, in 2022, 5.9%, and in 2023, 5.6%. 

It is specified that in 2021, pension payments will amount to 17,432 rubles, in 2022 they will increase to 18,357 rubles, and in 2023 they will reach 19,283 rubles, the Economics Today portal reported.

Ru-Main, 19.07.2020



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