Payment of Updated Pensions Begins on 7 July.
Payment of updated pensions for July begins on 7 July, with all labor pensions granted by the end of 2025 increased by 7.8%. Pensioners receiving funds via post offices will receive them on schedule until 20 July, and those via bank transfer on 7 July.
Millions of pensioners will receive their increased pensions following the annual indexation that took effect on July 1.
Pensioners who receive their money through post offices will be able to collect it according to the approved schedule between July 7 and July 20 inclusive. For people who receive their pensions by bank transfer, the funds will be transferred on the first day of payment — July 7.
As of July 1, all employment-related pensions granted by the end of 2025 are being increased by 7.8%. This is the legally established mechanism for the annual indexation of pensions, under which the increase is calculated based on 50% of the growth in the average contributory income and 50% of inflation for the previous year.
Survivor supplements paid to eligible pensioners are being increased by the same percentage. The social old-age pension is now set at 347.51, representing a 7.8% increase from the previous322.37.
A significant change also affects the minimum amount of the pension for length of service and age. This increase also affects the minimum amounts of other types of employment-related pensions, including pensions for incomplete contributory service, disability pensions and survivor pensions.
The indexation covers all people whose employment-related pension was granted by the end of 2025.