pensions in Russia

Russia to save on pensioners

According to the Russian Ministry of Economic Development, pensions will be reducing in Russia during the next three years. First of all, this will affect payments to more than 10 million working pensioners, whose pensions are not indexed, the …

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Is Russia worst country to be elderly?

Russia is No. 40 among 43 countries in the 2017 Global Retirement Index, published today by Natixis Global Asset Management, just above India, Greece and Brazil. According to data compiled by Natixis, several factors affected the …

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Will Russia's retirement age to increase from 2019?

The Russian government is discussing a retirement age increase by 3 months a year for men under 65 and for 6 months a year for women under 60 starting from 2019, the Director of the Russian Pension Fund, Anton Drozdov, said. …

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New pension system being developed in Russia

Russian Finance Minister Anton Siluanov said at the Moscow Financial Forum that the Russian Central Bank and the Finance Ministry are jointly developing a new mechanism for voluntary contribution pension system. …

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Russia to freeze retirement savings

 It was decided to freeze retirement savings, the Russian Deputy Prime Minister Olga Golodets said. "Retirement savings will be frozen," Golodets said adding that transfer to the pension fund is not …

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Golodets: deficit of Pension Fund is a myth

The issue of deficit of the Pension Fund of Russia is exaggerated, Russian Deputy Prime Minister Olga Golodets stated. "Pension Fund deficit topic is, of course, exaggerated. This is a myth," TASS quoted her …

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Will Russians save up money for their pensions?

Russian Finance Ministry has urged citizens whose salary is above 40,000-50,000 rubles to save money up for their pensions themselves. "Thos people who receive large salaries, not only in the amount of 100,000 (rubles), but starting from …

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Will new pension reform be imposed in Russia?

The Russian Ministry of Finance has suggested the draft pension reform following the February meeting headed by the Prime Minister Dmitry Medvedev, Vedomosti reports. The proposed project includes six points and …

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How will social policy be built?

The First Deputy Chairwoman of the Federation Council Committee on Social Policy, Lyudmila Kostkina, spoke about how social policy will be built in the near future, and also noted that now, the main principles in the provision of social support …

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