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As of January 1, 2025, retirees in Russia received a gross pension of approximately *** Russian rubles on average, or ****U.S. dollars per month at the exchange rate as of May 16, 2025. The reform of 2019 introduced a retirement age hike to gradually increase the retirement age to 60 years for women and 65 years for men until 2028.ÌýPensions in Russia are guaranteed by the state, like in many European countries.

Pension growth in Russia

The amount of retirement benefits in Russia increased by roughly ** Russian rubles, or *** percent, over the course of 2024. The pensions increased more significantly than prices in the country, as Russia's annual inflation rate stood at around *** percent in the same year.

Pensioners in Russia

Despite the increase in pension amounts, there has been a decrease in the number of individuals entitled to receive pensions until the start of 2024. As of January 1, 2025, the number of pensioners in Russia reached roughly **** million, more than a year prior. That corresponded to nearly ***Ìýpensioners per 1,000 population.