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Accumulative pensions will grow in Russia
The Pension Fund of Russia (PFR) announced an increase in funded pensions by 9,13% in 2020. It will be possible to receive recalculation in an unspecified manner from August 1.
According to the press service of the PFR, the increase will affect the pensions of 80 thousand people. An increase of 7,99% expects those who are participants in the program of co-financing of pension savings. The funds are not paid to such citizens in the form of a funded pension, but by an urgent pension payment.
1,87 billion rubles will be required for recalculation. The average amount of a funded pension is now 956 rubles per month, the amount of an urgent pension payment is 1 rubles per month. Payments are increased annually if there is a positive investment income for the previous period.