Putin signed the law on increasing the period of payment of funded pensions

The expected period of payment of funded pensions for 2025 has been increased to 22.5 years. The corresponding law was signed by Russian President Vladimir Putin.

"The expected period of payment of funded pension <...> is set to last 270 months," the text of the document says.

The law will come into force on January 1, 2025.

It is specified that the calculations by which the payment period was determined, was calculated according to statistical information on the life expectancy of men and women at the age of 60 and 55 years, respectively.

Earlier in the day, a member of the Duma Committee on Labor, Social Policy and Veterans Affairs Svetlana Bessarab said that in Russia from January 1, 2025 will increase pensions for working and non-working citizens of the country. She noted that the government will be able to increase this figure until February 1, 2025, if the indexation does not correspond to the inflation rate.