pensions 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. …

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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 …

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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.  …

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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 …

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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 …

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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.  …

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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 …

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Siluanov reveals Russia's average pension payment

Russian Finance Minister Anton Siluanov said that the average monthly pension payment in Russia should grow to 20,000 rubles by 2024. He also said that the Finance Ministry has suggested providing deductions on the …

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Will Russia raise retirement age?

Russia's government is discussing the issue of raising retirement age, but it is too early to talk about concrete decisions, the Russian Minister of Labor and Social Protection Maxim Topilin said. "The …

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