Tatarstan Pension Fund has informed about universal allowance for the pregnant and children

On 25 October, speaking at a briefing in the Government house of the republic, the Head of the Russian Pension Fund Department in Tatarstan Eduard Vafin informed that a discriminative approach will be used for defining the universal allowance amount in 2023, which will depend on the per capita income of a family.

“There are three options, namely 50, 75 and 100% from the subsistence wage for children. The starting point of calculation will make 50 per cent, and in case the per capita income of the family is lower than the subsistence expenses the amount will be increased to 75 per cent,” Vafin said and added that the yearly allowance will be allocated to people having children at the age of 17 and less.

He also clarified that the same scheme will be used for calculating allowances for pregnant women with the only difference that the amount will be calculated according to the regional subsistence wage of the working population.

Vafin informed that from 2023 the Social Insurance Fund and the Russian Pension Fund Department in Tatarstan will merge into a single structure which will be named the Fund of Pension Social Insurance in Russia and Tatarstan. “However all payment and allowances paid by the Pension Fund and Social Insurance Fund will stay the same,” he concluded.