Putin froze funded pension until the end of 2025
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Russian President Vladimir Putin signed a law extending the freezing of the funded part of the pension – the Russians will not receive it until the end of 2025. Document published on the official portal of legal information.
The funded part of the pension has been frozen since 2014. 6% of the total part of the insurance contributions from the salary, which were intended for retirement of future pensioners, are now paid to current pensioners in order to reduce the amount of the Pension Fund deficit.
The same document provides suspense civil service for employees of government agencies who were called up for military service for mobilization.
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