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It was decided to lower the retirement age to 55 and 60 years – who was on the list
- 03:03 November 19
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In Russia, despite the fact that the retirement age is gradually increasing, many citizens can still receive pension payments early
One of the main ways to do this is to use the funded pension system.
What is a funded pension?
A funded pension is an additional component of pension provision, which is formed through personal contributions from citizens. These funds are invested by the pension fund so they can grow.
Unlike a state insurance pension, a funded pension is a personal financial resource that allows you to retire 5–10 years earlier than usual: from 55 years for women and from 60 years for men.
Advantages of a funded pension
- One of the main advantages of a funded pension is the opportunity to retire…
