The number of participants in the PDS increased by one and a half times in the first quarter of 2025

By the end of the first quarter of 2025, 4.6 million contracts had been concluded under the long-term savings program (LDS), Sergey Belyakov, president of the National Association of Non-Governmental Pension Funds (NAPF), told Izvestia in an interview. This is more than one and a half times more than at the end of the entire 2024 year.

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"More than 330 billion rubles have already been invested in the long-term savings program. It turns out that, on average, Russians deposited 72 thousand rubles to each PDS account, which is a good result for the first year of work," Sergey Belyakov emphasized.

The NAPF expects that by the end of the year the amount of funds for the PDS will double to 750 billion rubles, said the head of the organization.

"It is difficult for Russians to part with money for a long time and invest it in their future. The economic shocks of recent years have created great uncertainty, so it will take time for people to appreciate the benefits of pension programs. The state contributes to this by actively stimulating people through the PDS program," explained Sergey Belyakov.

The Long—term Savings Program (LDS) is a voluntary savings product for citizens with government participation, which has been operating since January 2024. You can open a PDS agreement in any of the 35 non-governmental pension funds (NPFs) connected to the PDS. The program allows you to receive co-financing from the state up to 36 thousand rubles per year, tax deductions for contributions up to 400 thousand, as well as transfer your pension savings formed from 2002 to 2014 to the program.

Read more in an exclusive interview with Izvestia:

"More than 330 billion rubles have already been invested in the long-term savings program"