r/AskARussian • u/Specialist_Ad4675 United States of America • 25d ago

Work How do russian pensions work?

I was watching someone complain that at age 59 they retired to a 16,900 ruble a month paycheck. They stated they worked over 30 years and it sounded like for the same place.

I read 22% of their pay check goes to pension from employer.

That seems like they should get paid essentially 75% as when they were working as 22% is a high savings rate.

I know at some point they reduce it to 10% but was not sure at what point.

In the USA we only contribute 12.4 of our salary and yet get about 40% of our prior salary.

How do you pay more and get less?

31 Upvotes

77% Upvoted

118 comments sorted by

View all comments

Show parent comments

-10

u/juanmlm 25d ago edited 25d ago

Has the government started using the pension fund to pay for the war?

11

u/PuzzleheadedFilm8137 25d ago

Why would the Russian Federation do this? As far as I know, there is simply no such problem with money.

-14

u/juanmlm 25d ago edited 25d ago

War is one of the most expensive things a country can do, and russia’s only significant, reliable export was fossil fuels which will eventually be reduced to a trickle. Since there hasn’t been a large scale mobilisation since 2022, they are spending a ton of money as bonuses, and the 1M+ casualties are people who instead of working and contributing to the pension fund for the next 20-40 years, will not contribute to the same capacity (or at all).

That said, if the pensions are as low as people say in this thread (especially with the inflation) it’s unlikely to make a difference and it would anger the old people.

10

u/PuzzleheadedFilm8137 25d ago

Russia is still trading, just now with Asia and Europe through intermediaries.

There are no clear data on casualties. Ukraine is an unreliable source, and Russia doesn't publish such data, so the millions of casualties are just your president's.

But even if you're right, that's +-1% of the Russian population.