The Pension Fund of Russia placed 975 million rubles of pension savings in deposits at the rate of 8.05% pension savings in bank deposits at the rate of 8.05 percent. The auction was held on the Moscow Exchange, according to the PFR website.
“The Moscow Exchange has selected applications for placing pension savings in bank deposits. Pension savings funds are placed in deposits at a rate of 8.05 percent per annum for 34 days, until December 13, “the report says.
In addition, the PFR invests insurance contributions for the funded pension until they are transferred management companies and non-state pension funds into assets permitted by law.
Earlier, the PFR named the conditions under which the payment of pensions in Russia ceases. First, payments stop if a Russian does not receive the due amount within six months. In addition, pensions are no longer accrued to those who have not completed the procedure for confirming their disability on time. The third reason for the deprivation of pension is the expiration of the validity of the residence permit.