State Duma deputies from the Communist Party of the Russian Federation have introduced a bill to double annual pension indexation rates in Russia.
Under the proposed legislation, insurance pension payouts would increase each year at twice the official consumer price inflation rate rather than matching it.
The draft law applies to both standard insurance pensions and state-funded pensions, according to the document text reviewed by Russian news outlet Lenta.ru.
Lawmakers behind the initiative stated that current indexation rules fail to protect retirees from rising living costs. While insurance pensions currently adjust every year on February 1 based on official inflation figures, prices for housing services, utilities, and essential food products often outpace official inflation, resulting in a falling standard of living for many pension recipients.
To address this decline, the bill proposes increasing pension payouts at rates that outpace inflation by setting the annual indexation rate at double the consumer price growth index.
Scope of proposed pension increases
State Duma deputy Yuri Afonin, one of the authors of the bill, said the measure introduces amendments to the law on insurance pensions, which sets payment amounts for the vast majority of Russian retirees.
Afonin said the legislation also amends the law on state pension provision in the Russian Federation to ensure matching indexation increases for other categories of recipients. This includes social pensions, pensions for federal civil servants, and benefits for military personnel and their families.
The State Duma functions as the lower house of the Russian parliament, where the Communist Party forms the second-largest legislative faction. In Russia, state welfare distributions and retirement benefits are administered by the Social Fund of Russia, a centralized public agency.
Old age retirement rules in 2026
The new legislative initiative follows recent guidance from the Social Fund of Russia detailing the requirements for old age retirement in 2026.
Under current statutory rules, men who reach 64 years of age, born in 1962, are eligible to retire on old age pensions in 2026.
Women who reach 59 years of age, born in 1967, qualify for old age pension benefits during the same period.
