Federation Council extended the freezing of the funded part of the pension until 2021

Senators of the Federation Council at a meeting approved a law on the extension of the freezing of the funded part of the pension of Russians until 2021. The document concerns only those who were born later than 1967 and voluntarily submitted a corresponding application to the Pension Fund of Russia (PFR).

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It is expected that the implementation of the law will reduce the transfer from the federal budget to the FIU in 2021 by 609.1 billion rubles.

Since 2002, the pension of Russians is divided into insurance and savings. Cumulative, which is 6% of the salary, is transferred to the FIU by the employer. From 2014, these contributions go to payments to current retirees. Prior to that, the Russians could dispose of them: send them to form pension savings or transfer them to the insurance part, increasing the points for calculating their insurance pension.

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