Translation. Region: Russian Federal
Source: Central Bank of Russia –
From October 1, 2025, it will be possible to conclude an agreement with a non-state pension fund and become a participant in the long-term savings program through the State Services portal, which will increase the availability of this product for citizens. Such changesThe State Duma approved the legislation in the second and third readings.
The amendments also introduce a cooling-off period, when the contract can be terminated early without losing benefits. Now, if a program participant has made a contribution and then changed his mind and decided to leave it, he loses the right to receive co-financing from the state, including when concluding such contracts in the future. The same principle applies if a person has several long-term savings contracts and is going to close at least one of them.
According to the new rules, a program participant has the right to terminate a long-term savings agreement under which he did not receive co-financing, and at the same time retain the right to state support under other long-term savings agreements, if he managed to do so before April 1 of the year when funds from the state are to be received.
This rule will come into effect 10 days after the official publication of the law.
Preview photo: Jack Frog / Shutterstock / Fotodom
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