Today, Monday, March 23, Russian President Vladimir Putin approved amendments to the retirement law that expand the financial rights of citizens. From now on, Russians will be able to receive income from investments that generate their insurance premiums during the period of temporary placement.
The main change is that investment income will be deposited in the citizen’s individual personal account with the pension fund or its legal successors. Even if for some reason, for example, due to an error in the calculations or overpayment, the contributions themselves are subsequently returned to the employer, the investment income accumulated on them is not canceled and remains with the employee.
The law clearly describes the algorithm for calculating these funds. This applies to those contributions that should be reflected in the individual personal accounts of citizens, but remain temporarily reserve until all procedures are completed. The statement said that this measure aims to protect the interests of insured persons and ensure that even the presence of funds in circulation in the short term will bring real financial benefits to owners of retirement savings. document.
Meanwhile, Nikita Chaplin, a member of the Duma Committee on Budget and Taxation, said that the annual indexation of social pensions will be implemented in Russia from April 1, 2026. The basic amount of payments to citizens who have not accumulated the required work experience will be indexed to the level of 9,424 rubles.