Millions of Russians to Gain Full Pension Withdrawal in 2027
In 2027, a significant number of Russians are expected to gain the ability to withdraw their pension savings all at once. This comes as part of a planned expansion in the withdrawal process, which is set to increase in scale over the following years.
In 2027, around 592,9 thousand Russians are expected to be able to withdraw their pension savings simultaneously. This number is projected to decrease slightly to 574 thousand in 2028. The average payout amount is anticipated to rise from approximately 68 thousand rubles in 2026 to 119.3 thousand rubles in 2027, before dropping slightly to 113.5 thousand rubles in 2028.
Russians have three options for receiving their pension savings: as a one-time payment, as an addition to their insurance pension, or as a deferred payment. Women can access their cumulative pension at the age of 55, while men must wait until they turn 60. The total expenses for one-time payments are estimated to be 48.1 billion rubles in 2026, increasing to 70.8 billion rubles in 2027, and then decreasing to 65.2 billion rubles in 2028.
These changes in pension withdrawal policies are expected to significantly impact a large number of Russians, with the average payout amount and the number of eligible individuals both set to fluctuate in the coming years. The total expenses for one-time payments are also projected to vary, reaching their peak in 2027 before decreasing in 2028.
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