Putin discusses Russia’s economy growth with ministersBusiness & Economy September 24, 2:38
Lavrov warns against partition of SyriaRussian Politics & Diplomacy September 23, 0:00
Lavrov calls to coordinate Russian, US military action in SyriaRussian Politics & Diplomacy September 22, 21:05
Lavrov blames Obama administration for souring Russia-US tiesRussian Politics & Diplomacy September 22, 20:41
Waging war on Korean Peninsula inadmissible, says LavrovRussian Politics & Diplomacy September 22, 20:36
Russian Northern Fleet completes drills in ArcticMilitary & Defense September 22, 18:01
OPEC and non-OPEC countries to continue talks on oil production cut dealBusiness & Economy September 22, 17:28
Russian pair figure skaters Kavaguti, Smirnov retire from sportSport September 22, 16:48
Record number of delegations register for St. Petersburg-hosted IPU AssemblyRussian Politics & Diplomacy September 22, 16:47
MOSCOW, August 31 (Itar-Tass) — The Russian Labor and Social Security Ministry has posted a pension reform draft. The draft says pensioners can count on 40% of their former salaries in the case of a 30-year labor record. If the labor record is 40 years or more, the pension may grow to 70% of the former salary.
With this in mind, the ministry suggested a three-level pension model for Russia.
Level One is the labor (public) pension provided by mandatory pension security – insurance contributions of employers and employees. It ensures the ratio of no less than 40%.
Citizens who fail to meet mandatory pension security terms will have social pensions but only if they permanently reside in Russia for no less than 15 years.
Level Two is a corporate (voluntary) pension gained with additional insurance contributions paid under an individual or collective labor contract or an industrial tariff agreement.
Level Three is an individual (voluntary) pension made of voluntary contributions an individual makes to a non-governmental pension fund, an insurance company or a credit organization.