Pension reform in Russia: what else is the State Duma preparing
The issue of pension provision for Russian citizens is one of the most acute and discussed in the country. This is evidenced by the resonance that was caused by the announcement of the pension reform in 2019.
During a plenary meeting on Thursday, State Duma deputies in the first reading approved a bill submitted by the government providing for the extension of the “freezing” of an accumulative pension in Russia for a period up to 2021.
Recall that since 2014, deductions of 6% are made from the salaries of Russian citizens to the funded part of the pension system. In essence, this means that the money is paid to existing retirees. The current law stipulates that such a deduction scheme will work until 2020.
The Government of the Russian Federation in its new project proposed to extend the operation of this scheme until 2021.
The new project stipulates that the Pension Fund of Russia will be obliged to take into account contributions made for compulsory pension insurance in 2021, taking into account the direction of the full amount of the individual part of the insurance contribution tariff for financing an insurance pension.
The head of the Duma committee, Yaroslav Nilov, drew attention to the fact that the project will only affect people younger than 1967 who voluntarily agreed to the formation of a funded pension.
During a plenary meeting on Thursday, State Duma deputies in the first reading approved a bill submitted by the government providing for the extension of the “freezing” of an accumulative pension in Russia for a period up to 2021.
Recall that since 2014, deductions of 6% are made from the salaries of Russian citizens to the funded part of the pension system. In essence, this means that the money is paid to existing retirees. The current law stipulates that such a deduction scheme will work until 2020.
The Government of the Russian Federation in its new project proposed to extend the operation of this scheme until 2021.
The new project stipulates that the Pension Fund of Russia will be obliged to take into account contributions made for compulsory pension insurance in 2021, taking into account the direction of the full amount of the individual part of the insurance contribution tariff for financing an insurance pension.
The head of the Duma committee, Yaroslav Nilov, drew attention to the fact that the project will only affect people younger than 1967 who voluntarily agreed to the formation of a funded pension.
Information