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MIL OSI Translation. Region: Russian Federation –

The indexation coefficient was 1.084.

From February 1, the amount of a number of social payments, benefits and compensations will increase by 8.4%. The resolution to this effect was signed by Prime Minister Mikhail Mishustin.

A comment

From Mikhail Mishustin’s opening remarks at a government meeting, January 27, 2022

“It is important that everyone who is entitled to such assistance receive it in a timely manner and in full,” Mikhail Mishustin noted at the meeting of the Government on January 27.

We are talking about payments received by the disabled, veterans, Chernobyl victims, Heroes of Russia, as well as citizens injured at work. Indexation will also affect some benefits that are due to families with children. These payments include a one-time allowance for the birth of a child, a monthly allowance for caring for a child, and a one-time allowance for transferring a child to a family for upbringing. The amount of maternity capital for the first child will also increase – from 483.9 thousand rubles to 524.5 thousand rubles, and for the second and subsequent children – up to 693.1 thousand rubles.

Since 2018, a unified procedure for indexing social benefits has been established in Russia – once a year from February 1, based on the actual consumer price index for the previous year.

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EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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