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The State Duma wants to reduce the age for the appointment of a private pension

The State Duma wants to reduce the age for the appointment of a private pension
Photo: pixabay.com

The State Duma is considering a bill to reduce the age for the appointment of a private pension. It is expected that such a measure will increase confidence in private pension funds and improve the financial situation of pre-pensioners.

The new initiative proposes amendments to 10 Federal Law “On Non-State Pension Funds”, the State Duma official portal reports. It is proposed to reduce by five years the age that gives the right to receive a non-state pension.

Earlier, pensions from non-state pension funds could be started for women from 60 years old and to men from 65 years old. Moreover, according to the proposed amendments, preferential categories of citizens will be able to count on such a pension even earlier. There will be no requirements for seniority for calculating this type of pension. Wherein funded part of the pension frozen until 2022. 

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