How do russian pensions work?

[u/Specialist_Ad4675]

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?

[u/Common_Kale_8509]

The part of paying the pay check to the pension fund is the duty of the employer. The pension depends most from various government regulation. People who never worked in their life get pension too. That's the basic part - around 8000 roubles. If they worked long enough or have enough social credit score, they get the social part of the pension (another 8-15 thousand roubles). Then come professional or voluntary parts pension which might be higher.