Putin signs pension savings freeze rollover until 2025

MOSCOW, Dec 5 (PRIME) -- Russian President Vladimir Putin signed a federal law prolonging the freeze of pension savings until 2025 on Monday.

The law implementation will save 925.9 billion rubles for the federal budget.

The government froze the accumulative part of pension savings for 2014 and 2015, and used 6% of the accumulative part to pay pensions to the current retirees. In December 2015, the measure was prolonged for 2016 in order to gain 342.2 billion rubles for the budget, and extended every following year.

(61.7749 rubles – U.S. $1)

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