It was decided to reduce the retirement age to 55/60 years – who was included in the list

In Russia there is an opportunity to retire earlier than usual. This can be done using a funded pension.

A funded pension is money that a person puts aside for retirement. This money doesn’t just sit there, it works and gets bigger.

You can receive a funded pension 5–10 years earlier than a regular pension. For women it is 55 years old, and for men it is 60 years old.

A funded pension has its advantages:

• You can retire earlier.
• Money does not depreciate.
• You can transfer money to loved ones if a person dies.
• Money can be invested in different financial instruments to make it bigger.

But the funded pension also has disadvantages:

• You need to pay money regularly.
• The size of the pension depends on how well the money is invested.
• There is a risk of losing money if the fund…