Sunday, January 25, 2015

Media: The government is planning to funded pension calculation based on gender – Express-News

Media: The government is planning to funded pension calculation based on gender – Express-News

25.01 | 16:59

appeared in the Russian media reports of impending in the Russian government decision to differentiated approach in calculating the funded pension generated a backlash of the State Duma and the Federation Council. To clarify the reasons for this approach to a funded pension to the State Duma deputy was called on Labor Andrei Pudov.

Pudov said that the new method exists but is not approved by the government. It does not involve rigid gender approach in determining the period of funded pension payments. A separation of men and women are examples for different retirement dates.

According to the explanations of the Ministry of Labour, now the expected repayment period for all funded pension is 228 months (19 years). It is recognized that women retire five years earlier and living longer.

On this basis, it is proposed that from 2016, the amount of funded pension for men is calculated based on 227 months, and for women – 270 months.

Thus, if the total size of the new method funded pension will not change, however, it will be paid to women smaller parts, that is, the amount of pension will be less than that of men.

Deputy Minister for Labour said that the agency is ready to adjust the methodology taking into account public opinion.

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