Putin signed law on “freezing” funded pension until 2023

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On December 8, Russian President Vladimir Putin signed a law extending the freezing of funded pension until the end of 2023.

The corresponding document was published on the official Internet portal of legal information.

The federal law comes into force on January 1, 2021.

The explanatory note notes that it establishes in 2023 an approach similar to 2014–2022 for accounting for insurance contributions for compulsory pension insurance.

At the same time, accounting in 2023 of insurance contributions for compulsory pension insurance in full for an insurance pension will not reduce the amount of pension rights of insured persons in the compulsory pension insurance system.

Since 2014, Russians began to send deductions to the funded part of the pension in the amount of 6% of wages to the insurance part for payments to current pensioners.

At the end of November, the first deputy head of the United Russia faction in the State Duma, Andrei Isaev, said that in Russia in 2021 it was not planned to check pensioners for additional income, Gazeta.ru writes.

In October, Russian Deputy Finance Minister Anton Drozdov announced that a bill on a new voluntary pension savings system in Russia could be submitted in 2021.

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