The amount of pensions in various Russian regions varies by more than 100%. Residents of Chukotka Autonomous Area receive the maximum benefits, RUR 25,170 ($380), while the lowest pensions are paid in Kabardino-Balkaria – RUR 11,410 ($172), Rossiyskaya Gazeta reports quoting the Pension Fund of Russia (PFR).
The highest pensions as of July 1, 2018, were recorded in the northern regions, and the lowest, in the southern ones. The average amount of the assigned monthly pension in the Nenets Autonomous Area was RUR 22,050 ($332); in the Magadan Region, RUR 21,508 ($324), and in the Yamal-Nenets Autonomous Area, RUR 21,008 ($317). Residents of the Kamchatka Territory were also entitled to higher pensions – RUR 21,342 ($321). In Republic of Daghestan, monthly benefits amounted to only RUR 11,653 ($175), and in Kalmykia, to RUR 12,137 ($183).
The average pension in Russia is RUR 14,144 ($214).
In Moscow, pensions are close to the average level at RUR 17,500 ($263); even more so in St. Petersburg, at RUR 14,924 ($225).
The Pension Fund explained that retirement benefits are affected by the application of ‘northern’ coefficients, as well as coefficients depending on the pensioner’s age and whether they have dependents with disabilities. The pensioner’s overall time in employment, former salary and other factors play a role as well.