Encyclopedia

Accumulated pension


Accumulated pension — a monthly monetary payment intended to compensate insured persons for lost wages and other payments and remuneration due to their inability to work as a result of old age, calculated based on the amount of pension savings recorded in the special part of the individual personal account of the insured person or on the accumulated pension account of the insured person, as of the date of appointment of the accumulated pension1.

  1. Federal Law No. 424-FZ of December 28, 2013 "On Accumulated Pension". 2013, amended on December 28, 2013, Article 3, paragraph 1. ↩

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