Could you tell me if this applies to all retirees or only working ones? And by what percentage will it increase? Do I need to do anything or will everything be recalculated automatically?
A pension savings account is not quite the same thing as a regular pension insurance plan. It only applies to people who had contributions to a savings account: usually those who worked and made contributions before 2014, or those who chose the savings scheme themselves later on. If you're already retired and receiving a regular pension, that doesn't mean you have savings accumulated. Working pensioners are irrelevant here - we're talking specifically about having a savings account.
The percentage of the increase depends on the investment income that the savings account received. In 2026, the Pension Fund of Russia and NPFs (non-state pension funds) were supposed to recalculate the coefficient, and yes, this happens automatically. You don't need to submit any applications - the recalculation should be done starting August 1st for those who are already receiving payouts from their savings, or it will be factored in at the first payment.
It's best to clarify the specific percentage with the fund where your account is held - either the Pension Fund of Russia or a specific NPF. A call there will take about five minutes, and you'll find out the exact figure for your particular savings account.
Unfortunately, I'm not really well-versed in this - pension schemes are pretty complicated 😅 I'd suggest clarifying directly with the Pension Fund or a consultant, they'll definitely answer all your questions about the rates and automatic recalculation.
It'll be recalculated automatically, so don't worry about it. The Pension Fund recalculates the size of your cumulative pension every year, taking inflation and other coefficients into account. So you'll just get the increased amount starting in August - you won't have to submit any applications.
As for the percentages and who this affects - I'd need exact figures for that, and I don't want to give you wrong information. Like I said, this doesn't apply to everyone across the board, just those who actually have accumulated savings. If you've only recently retired or you had just a basic insurance pension without the cumulative part, then this change won't affect you.
Either way, it's better to check directly with the Pension Fund - they'll tell you the exact percentage and confirm whether you fall into this category. You can call them or check their website; they should have information about your personal account there.
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