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July 27, 2018, 02:27:02 PM |
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In Russia, pensions for state pension provision and labor pensions, appointed in accordance with the procedure established by the current legislation, are not subject to taxation. Since 2002, pension reform has started in the country, which as a result (as of the beginning of 2013) divided the pension into two parts: insurance and funded.
As a result of the reform, a two-level system for managing the funded part of the pension is adopted: a citizen can choose between the Pension Fund of the Russian Federation (FIU) and one of the non-state pension funds. In case of placement of the funded part of the pension in the Pension Fund, the insured person can choose between the state (GUK, now VEB) and one of the private management companies.
The sources of income in the PF are
a) deductions of current employees, and
b) a transfer from the federal budget; "From the Treasury"
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