The amount of monthly pension in Russia in 2021 could be reduced due to the increase of the payment savings in the six months to 22 years. About this newspaper “Izvestia” with reference to the bill of the Ministry of labor.

The bill “About the expected period of payment of pension for 2021” assumes that from 2021 the period of calculation of pension of Russians will increase from 258 to 264 months (22 years) in connection with the statistics about increasing life expectancy.

Thus, for example, when the total amount of savings in 100 thousand roubles, monthly payment to retirees in 2021 will amount to 378 rubles, compared with 387 rubles in the current year. In the case of savings in 1 million, the monthly payment will come up to 3.78 thousand rubles instead of 3.87 thousand.

“The duration of the expected period of payment annually is determined by the Federal law on the basis of official statistical data. In accordance with the produced on the basis of data of Rosstat calculations, the expected period of payment of pension in 2021 will amount to 264 months (22 years),” — said the press service of the Ministry of labor.

Previously, the Agency for strategic initiatives (ASI) has proposed to raise pensions and public sector wages by 5-10% to increase demand for goods and services in terms of the situation with coronavirus.