Economy

The average old-age pension size in 2027 has been announced.

Economist Balynin: Old-age pension will exceed 29,000 rubles in 2027

The average old-age insurance pension for Russian citizens will exceed 29,000 rubles in 2027, according to Igor Balynin, PhD in economics and associate professor at the Financial University under the Government of the Russian Federation.

The average old-age pension size in 2027 has been announced.
Фото: Maxim Blinov, source: RIA Novosti

The expert explained that, thanks to the planned 7.6% increase in insurance pensions at the beginning of 2026, as well as subsequent indexations of 4% in February and 3.4% in April 2027, insurance payments will increase by a total of 15.7% between 2026 and 2027.

Therefore, the average old-age pension will exceed 29,000 rubles in 2027, which is 4,000 rubles more than the average at the end of 2025, which will be 25,128.68 rubles. Balynin told Gazeta.Ru.

The expert emphasized that all planned indexations will be implemented automatically, without the need to submit any applications. The Social Fund of Russia has all the necessary information to recalculate payments.

Balynin warned citizens against dealing with individuals requesting personal information or offering to install apps to sign documents, as these are undoubtedly scammers.

In 2027, the total budget expenditure of the Russian Social Fund for paying insurance pensions is expected to reach 12.4 trillion rubles.

Earlier, lawyer Igor Pozdnyakov explained whether pensions can be denied.

It was reported that the average social pension in Russia is just over 15,000 rubles.

Author: Наталья Чудесатова

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