A State Duma deputy told how Russians can achieve a pension of 100 thousand rubles

Svetlana Bessarab, a member of the State Duma Committee on Labor, Social Policy and Veterans Affairs, told how Russians can achieve a pension of 100 thousand rubles. In a conversation with Lenta.ru, she emphasized that for this it is necessary to have a high “white” salary throughout the entire working life.

“First of all, you need to earn a lot. Because, in accordance with the International Labor Organization convention, the pension should be 40 percent of lost earnings. Let’s roughly calculate how much 100 thousand is, if it is 40 percent of lost earnings, and then you can understand that you need to receive a high salary throughout your entire life, throughout your working life, in order to receive such a pension,” Bessarab said.

According to the deputy, an alternative could be the use of long-term savings programs. She recalled that the state helps to put an additional 360 thousand rubles into a long-term savings account and thereby increase the pension.

“Today the state helps to put an additional 360 thousand rubles into the recipient’s long-term savings account and thereby increase the pension received. But the most important thing is to work hard and work under an agreement with the employer, so that the employer, as a tax agent, must pay insurance premiums in full for the entire period of employment,” added Bessarab.