Definitions
Insurance contributions towards the mandatory retirement insurance (retirement contributions) are mandatory payments made to Russia’s Pension Fund (PFR – Rossiisky pensionnyi fond) to ensure the citizens’ right to receive guaranteed pensions from the state-run pension system.
Length of insurance period is the total length of periods of employment and other paid activity for which retirement contributions are due and paid to the PFR, as well as other periods (paid maternity and parental leaves, military conscription service, etc.) counted towards insurance period.
Introduction
Retirement contributions are the key element of pension systems which redistribute incomes during an individual’s life cycle. Special-purpose contributions made by employees and/or employers by withholding certain amounts from wages form the income to be enjoyed after...
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References
Federal Law No. 117-FZ Dated August 5 (2000a, 2000b), On the protection of competition on the financial services market, available at https://www.wto.org/english/thewto_e/acc_e/rus_e/WTACCRUS48_LEG_60.pdf
Federal Law No. 167-FZ Dated December 15, 2001 (2001) On the mandatory retirement insurance in the Russian Federation
Federal Law No. 400-FZ Dated December 28, 2013 (2013) On the insurance pensions
Federal Law No. 447-FZ Dated December 19, 2016 (2016) On amending article 33.3 of the federal law, “Оn the mandatory retirement insurance in the Russian Federation” and article 6.1 of the federal law, “On amendments to certain legislative acts of the Russian Federation on the mandatory retirement insurance regarding the right of pension provision option by the insured persons”
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Social Security (2014). Social Security Programs Throughout the World: Europe (2014), available at https://www.ssa.gov/policy/docs/progdesc/ssptw/2014-2015/europe/index.html
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The Decree of the Government of the Russian Federation No. 1255 Dated November 29, 2016 (2016) On the maximum value of the base for the calculation of insurance contributions towards the mandatory social insurance in the case of temporary disability and maternity and towards the mandatory retirement insurance from January 1, 2017
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Sinyavskaya, O., Ermolina, A. (2017). Retirement Contributions, Russia. In: Farazmand, A. (eds) Global Encyclopedia of Public Administration, Public Policy, and Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-31816-5_328-1
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DOI: https://doi.org/10.1007/978-3-319-31816-5_328-1
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