Russian Federation

Russian Federation

Code
RU
Country type
Official
ISSA Member
On

Actuarial valuations

The valuation of the balance between the acquired pension entitlements and liabilities of the mandatory pension insurance system is conducted on the basis of the Pension Fund’s (PFR) actuarial model, developed and verified by a specialized department of the PFR - the Department for Actuarial Valuations and Strategic Planning. This model is a unique product and enabler to accumulate every specific option of pension entitlement valuation under the national pension legislation.

Complementary measures of State support for families with children by maternity (family) capital

A steady natural population decline was observed in the Russian Federation between 1992 and 2006.

In order to increase the birth rate, complementary measures of state support for families with children were introduced in 2007 in the form of maternity (family) capital.
The amount of the maternity (family) capital is adjusted annually (453,000 roubles - around USD11,000 - in 2016).