pensions in Russia

Russia's non-state pension fund savings total 3 trillion rubles

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 …

Pension Fund explains reasons for payments cut

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

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?

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?

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?

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.  …

How does pension reform change Russia?

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

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

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)

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

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 …

Russia's pension reform to be adopted in first reading

Russia's pension reform to be adopted in first reading

Accounts Chamber of Russia has found several shortcomings in the government’s bill on raising the retirement age, while having no conceptual remarks to the document, according to the letter to the Chairman of the Duma Committee on …