june 2015

Winners of all-Russia Pensioner Spartakiad named in Saratov

The second all-Russia Pensioner Spartakiad dedicated to the 70th anniversary of the Victory in the Great Patriotic War of 1941-1945 has come to an end. More than 20,000 pensioners from 59 Russian regions and six countries (Belarus, Germany, Kyrgyzstan, Serbia, Slovenia and Finland) participated in the finals in Saratov on June 10-12. The Spartakiad was organized by the Russian Pensioners’ Union, and the Pension Fund of Russia was its co-organizer.

may 2015
april 2015

PFR conducts social payment to veterans of the Great Patriotic War on the 70th anniversary of the Victory

PFR conducts social payment to certain categories of people on the 70th anniversary of the Victory in the Great Patriotic War in accordance with the Decree of the President of the Russian Federation of February 26, 2015 №100 «About lump-sum payment for certain categories of citizens of the Russian Federation in accordance with the 70th anniversary of the Victory in the Great Patriotic War 1941-1945"

march 2015

january 2015

On 1st February insurance pensions of Russians grew by 11.4%

On February 1st 2015 insurance pensions of more than 39 million Russian pensioners were adjusted by 11.4% based on the growth of consumer prices in 2014*. Fixed payment to insurance pension was indexed by 11.4 percent together with the insurance pension (analogue of the former fixed base size).

december 2014

Innovation in the pension system: in 2015

In 2015 series of events and changes will happen in the Russian pension system that will affect on all participants of the system of mandatory pension insurance: current and future pensioners, as well as Russian employers.

New method for the formation of pension rights of citizens and the calculation of pensions in mandatory pension insurance system, so-called "the new pension formula" is activated on January 1, 2015. The labor pension is transformed into two types of pensions: insurance pension and funded pension.

For the calculation of pension under the new rules the concept of "individual pension coefficient" (the pension point) is introduced. The pension point evaluates each year of the citizen’s labor activity. To be eligible for appointment of insurance old-age pension, you must have 30 or more pension points. But this rule will be operational from 2025 in full, so it will be enough to have 6.6 points in 2015.

Requirements for a minimum employment period to be eligible for an old-age pension are also changed. It will rise from the existing 5 up to 15 years. However, transitional period is designated as in the case of the pension points: in 2015 required minimum employment period accounts 6 years and it will gradually increase every year by 1 year during 10 years.

It is worth noting that according to the new pension formula in addition to employment period, socially significant periods of human life will be awarded by points, such as military service, child rearing leave, disabled child rearing leave, citizen over 80 years old care leave etc.

september 2014

5.5 million Russian families have received the maternity capital certificate

The number of Russian families that have received a certificate for maternity (family) capital in PFR is 5.5 million today.

The most popular way to spend the maternity capital in Russia is still housing improvement: about 2,7 million families have transferred their funds to that purposes. Of these, with the help of the maternity capital 1,75 million families partially or fully paid off the housing loans worth 638 billion rubles. Another 905 thousand families improve their housing conditions by spending maternity capital in the amount of 300 billion rubles for direct purchase, construction or reconstruction of housing without the involvement of credit.

In addition to improving living conditions, maternity capital can be directed to pay for education or content of any of the children in the educational institution and to augment of the future pension of the certificate owner. Thus, the PFR has already received 146 thousand applications for children’s education worth 7.4 billion rubles and 2.4 thousand applications for funds to be transferred to the accumulated part of mother’s pension worth 476 million rubles.

As for the timing of the program of state support for families with children, the Pension Fund reminds of necessity to child who gives the right to the certificate was born or adopted before 31 December 2016 in order to be eligible for maternity capital in accordance with applicable law. In this case, the certificate and direction of its funds not limited in time.

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