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The Russian Pension Fund is receiving requests from families with a low income for the monthly payment of maternity capital funds. Requests are granted if the second child is either born or adopted after January 1, 2018. The mother files two requests at a time, one for the maternity capital certificate, and the other for the monthly payment. The parents may also apply for the child’s individual insurance account number (SNILS).

The state-provided pensions, including social ones, were increased by 2.9% starting April 1, 2018, in accordance with the pensioner’s subsistence level growth in 2017. Pensions were increased for 3.9 million pensioners, including 3.2 million recipients of social pensions.

Simultaneously with the indexation of social pensions, state-provided pensions were also increased for servicemen who did call-up military service and their family members, WWII participants, citizens affected by radiation or man-made disasters, and their family members, citizens from among flight-test personnel and some other citizens.

The social pension’s average size increased after the indexation by 255 rubles to 9,062 rubles. The average size of the social pension for children with disabilities and persons with lifelong disabilities of Category I has been increased by 378 and 382 rubles, respectively, to 13,410 and 13,556 rubles. The average size of pensions of citizens with disabilities resulting from a war injury and WWII participants who receive two pensions, increased as a result of indexation to 30,694 rubles and 35,387 rubles, respectively.

An extended meeting of the Board of the Pension Fund of Russia (PFR) was held in Moscow today. It was attended by Minister of Labor and Social Protection Maxim Topilin, Chairman of the PFR Board Anton Drozdov, representatives of the Russian Federal Assembly and the Federation of Independent Trade Unions of Russia, managers of PFR divisions from all constituent entities of the Russian Federation, heads of structural subdivisions of the PFR Executive Directorate.

The Pension Fund of Russia has summed up the results of the 2017 transition campaign to transfer citizens' pension savings to non-state pension funds (NPFs) and management companies (MCs).

The Pension Fund reminds you that the maternity capital program was expanded in 2018 in the context of new measures of the Russian government towards demographic support for families with children. The amendments give broader opportunities for using maternity capital funds as soon as the second child is either born or adopted.

Russian Pension Fund Board Chairman Anton Drozdov has taken part in the Russian Investment Forum in Sochi dedicated to the country’s investment and economic potential. The PFR head gave a speech at the “Digital Economy: Problems and Perspective of Normative Regulation” session, which addressed the government-approved plan of elaborating a package of laws, which would regulate the digital economy and lift major legislative barriers to Russia’s digitalization.

The PFR continued to temporarily deposit pension savings at financial institutions in 2017. Only highly reliable banks, which meet the legislative requirements, qualified for those deposits.

According to the Russian Ministry of Communications and Mass Media, online services provided by the Russian Pension Fund were listed amongst most popular services of the public services portal in 2017. The ministry gave the information in its report on last year’s operation of the public services portal.
“Public services portal users mostly requested information about tax and court-ordered arrears and the status of their personal accounts in the Russian Pension Fund,” the report said.

The monthly social benefit, the most common type of social benefits in Russia, grew by 2.5% on February 1. The Russian Pension Fund is currently paying this benefit to over 15.4 million federal benefit holders, including persons with disabilities, war veterans, people impacted by radiation, Heroes of the Soviet Union and Russia, Heroes of Socialist Labor, and other citizens.

The Russian Pension Fund issued 725,000 maternity capital certificates in 2017. More than 8.5 million certificates have been issued since the program took effect.