Pension in Russia to become 24,000 rubles in 2025
By the end of 2025, the old-age pension is projected to reach 24 thousand rubles. The amount of accruals next year will increase by 7.5%.
pensions in Russia
Russia and Azerbaijan unite pensioners
Russia's Federation Council approved today the law on the ratification of the Russian-Azerbaijani pension cooperation agreement. According to the agreement, authorities of the two countries will take into account employment history …
Migrant workers' employment records to be mutually taken into account in Russia and Azerbaijan
Azerbaijan and Russia have signed an agreement regulating pensions of their citizens working in each other’s territories, Azerbaijan’s Ministry of Labor and Social Protection of Population reported. The agreement on …
Russia's non-state pension fund savings total 3 trillion rubles
Total holdings in Russia's non-governmental pension funds (NPFs) in the first half of 2021 increased to 3 trillion rubles, according to the financial statements of NPFs. According to the Kommersant newspaper, at end-H1, the number …
Elderly to take up almost one-third of Russian population by 2020
The number of elderly people in Russia is expected peak at 43.7 million in 2030, accounting for almost 29 percent of the total population, Russia's Deputy Prime Minister Tatyana Golikova said. According to her, the non-working age …
Pension Fund explains reasons for payments cut
The Pension Fund of Russia explained why pensions may be reduced, Rossiyskaya Gazeta writes. In particular, the Pension Fund noted that one of the main factors may be moving to another city, since in this case, the regional …
Russia's pensions raised above subsistence minimum
Russian President Vladimir Putin signed a law on the re-indexing of pensions above the subsistence minimum. The text of the decree was placed on the official internet portal of legal information. According to the law, …
How to boost your pension in Russia?
Russia's Pension Fund has published recommendations for residents of the country how to boost their pension, according to the Rossiyskaya Gazeta newspaper. "The first rule is official employment," the article says. …
Pensions to be voluntary in Russia?
Chairperson of the Russian Central Bank Elvira Nabiullina described the introduction of the individual pension capital system as a priority of the Russian Central bank. Nabiullina said that the share of institutional …
What does 2019 bring for Russia?
The year 2019 marks changes in various areas of the country's life. Among other things, a slew of amendments to Russia’s Tax Code concerning both individuals and legal entities come into force starting from January 1, 2019. …
Medvedev on retirement age reform: one cannot think in terms of likes and dislikes here
The decision on raising retirement age in Russia since 2019 was the most challenging one for Russian authorities over the past decades, but it was made for a long-term perspective, Russia's Prime Minister Dmitry Medvedev …
Russian State Duma prolongs accumulative pension freeze till 2021
The Russian State Duma approved a bill to prolong suspension of the accumulative part of pension savings until 2021. The government froze the accumulative part of pension savings for 2014 and 2015, and used 6% of the accumulative …
All procedures for pension referendum preparation halted in Russia
Russia's Central Election Commission terminated all the referendum initiation procedures on the retirement age referendum. According to the Commission ruling, all the referendum initiation procedures were terminated. The …
How does pension reform change Russia?
The law on amendments to the pension legislation signed by Russian President Vladimir Putin yesterday was posted on the official web portal of legal …
Bill on pension reform adopted in Russia
The Russian State Duma, the lower house of the Russian parliament, has adopted the bill on pension reform in the third and final reading. According to the bill, the age of 65 years would be set as retirement age for men, and 60 years for …
Russian women's retirement age softened
Russia's State Duma adopted amendments proposed by Russian President Vladimir Putin to raise the retirement age for women by five years instead of eight under pension-reform legislation that has prompted large protests. The …
Putin explains retirement age reform (VIDEO)
Russian President Vladimir Putin said in his televised address today that the retirement age for women should be 60 rather than 63, according to the president's official address posted on the Kremlin website. …
Putin: Russia's pension reform must be balanced and cautious
Russian President Vladimir Putin said that any decision on reforming the pension system must be balanced and cautious, after admitting there had been a “sharp” reaction to the prospect of a higher retirement age from …
Russian State Duma to hold pension reform hearings in third decade of August
Russia's State Duma, the lower house of parliament, will hold expanded hearings on the controversial retirement age hike on August 21, State Duma Speaker Vyacheslav Volodin said. "Given the …
Bill on changes into pension system passes first reading in Russia's State Duma
The government’s bill on changes into the Russia pension system has passed its first reading in the State Duma today, as 327 lawmakers supported the draft legislation, 102 deputies voted against, and one deputy abstained from the voting, …
