Russia will withdraw from the pension agreement in the CIS

The agreement on guarantees of the rights of citizens of the CIS member states in the field of pension provision has been denounced by the State Duma. Russia will withdraw from it starting in 2023.

Photo: Internet

It is explained that the provisions of the agreement “no longer correspond to the ideology and fundamental principles of the pension systems of the CIS member states,” and the decision made will ensure savings in the budget of the Pension Fund of Russia.

It is specified that the participants of the Agreement on Guarantees of Pension Rights are Armenia, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Uzbekistan, and Ukraine. It follows from this that citizens of these countries have the right to receive a pension at their place of permanent residence regardless of citizenship. Work experience and earnings acquired in the USSR and the participating countries are taken into account.

The Agreement on Guarantees of the Rights of Citizens of the CIS Member States in the Field of Pension Provision was signed on March 13, 1992, in Moscow.

Experts believe that during the war in Ukraine, Russia has faced colossal expenses. In addition, the tightening of Western sanctions forces the country to withdraw from some agreements.