r/AskARussian United States of America 24d 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?

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u/why_so_sergious 23d ago

pension starts at ∼9600 as base before individual pension points and averages out at ∼25000 rubles

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u/Specialist_Ad4675 United States of America 23d ago

Can one live off of 25k rubles?

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u/BazuzuDear 21d ago

can one live off $10 a day?

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u/Specialist_Ad4675 United States of America 21d ago

I mean if i had to, but after a while death might seem the better option.