The Prime Minister of Russia, Mikhail Mishustin, instructed the Ministry of Labor to submit to the government, by May 5, a schedule for the development and adoption of implementing regulations for the federal law on the creation of a unified pension and social security fund.
Combining the functions of the Pension Fund and the Social Insurance Fund (FSS) will make receiving social benefits faster and more convenient for citizens, according to a statement posted on the website of the Russian government.
It should be noted that the issue of introducing a uniform premium rate will be elaborated in parallel. It is assumed that they will be transferred to the fund on a one-off basis.
The report says that the legal, organizational and technical readiness of the fund’s work must be ensured by January 1, 2023. The government added that all citizens’ rights in the reorganization process would be preserved and fully guaranteed.
The reform is being implemented as part of the project to create a social treasury in the Russian Federation. It will be based on a digital platform that will connect all IT systems existing in the social sphere. As a result, the state will be able to centrally manage all social payments, deliver them as quickly, conveniently and as targeted as possible, according to the report, reports Interfax.
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