The government decided to further index military pensions

For the first time in three years, the authorities will raise the coefficient used to calculate the pensions of former military personnel and security officials, follows from the bill submitted to the Duma. In 2022, “military” pensions will grow slightly above the forecast inflation

The government is trying to compensate for the In real terms, “military” pensions were proposed to raise them next fall, slightly above the forecasted inflation. This follows from the draft law submitted by the government to the State Duma on September 30 as part of the budget package.

This will be achieved through the first change in three years in the so-called reduction coefficient, which is applied to the pensions of former military personnel and security officials. It is proposed to increase the coefficient from January 1, 2022 from the current 0.7368 to 0.74, that is, by 0.43%.

In addition, the draft federal budget provides for indexation from October 1 In 2022, the monetary allowance of military personnel and persons equated to them by 4% – the official forecast for inflation for 2022. “Military” pensions are tied to the level of monetary allowance of military personnel (using a reduction coefficient), so pensions will also grow by 4% from October 2022.

Thus, from October 1, 2022 years, “military” pensions will be on average higher than now, by about 4.45%.

By law, the reduction coefficient increases from the starting level of 0.54 in 2012 and grow by at least 2% annually until it reaches one. However, the authorities froze this situation from 2015 until 2019, when the ratio was raised from 0.7223 to 0.7368, but in the past three years the ratio has remained at the same level again.