Contribution to the co-financing of pension savings formation – definition and meaning of "Contribution to the co-financing of pension savings formation"

Contribution to the co-financing of pension savings - the amount of contribution to the co-financing of pension savings for insured persons is determined based on the amount of additional insurance contributions to the accumulative pension paid by the insured person during the past calendar year, but cannot exceed 12,000 rubles per year¹.

Federal Law No. 56-FZ dated April 30, 2008 "On Additional Insurance Contributions to the Accumulative Part of the Labor Pension and State Support for the Formation of Pension Savings", as amended on April 1, 2019, Article 13, paragraph 1 // RSZh RF. 2008. No. 18. P. 1943. ↩