The state Duma adopted a law on freezing of pension savings in 2016


Moscow. December 4. The state Duma meeting on Friday adopted in the third reading the law on freezing of pension savings. The document establishes the duty of the Pension Fund of Russia (PFR) to take into account the contributions for compulsory pension insurance in 2016, guided by the full amount of the individual tariff of insurance premiums to Finance the insured’s pension.

In the explanatory note to the document States that the implementation of the law does not reduce the amount of pension rights of insured persons 1967 year of birth and younger in the system of mandatory pension insurance, because the size in 16% of the individual insurance premium rate is maintained, and determining the value of individual pension coefficient will be conducted, guided by the full amount of the individual tariff of insurance premiums to Finance the insured’s pension.

Similar the order “freeze” was implemented in respect of insurance contributions for compulsory pension insurance in 2014 and 2015.

The implementation of the law would reduce the transfer of mandatory pension insurance in 2016, transferred from the Federal budget to the budget of the Pension Fund of the Russian Federation, on 342,2 billion roubles, is spoken in financial and economic justification to the document.