COVID-19 update included
The content of this report will be updated with the latest scenarios based on the global COVID-19 Pandemic


Summary

Russia underwent major economic and political change following the collapse of the Soviet Union in 1991. During this two-decade transition period, several changes were made to the country’s social security system, including the development of private employee benefit plans, the establishment of a three-tier pension system, and the setting up of cost-of-living compensation.

The report provides in-depth industry analysis, information and insights of the employee benefits in Russia, including: overview of the state and compulsory benefits in Russia, detailed information about the private benefits in Russia, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in Russia.


Key Highlights

  • In Russia, state and compulsory benefits such as retirement, death in service, long-term disability, short-term sickness, medical, maternity and paternity, family allowance, long-term care and unemployment are supervised by the Ministry of Labor and Social Protection and the Ministry of Healthcare.
  • Private employee benefit plans are voluntary in nature. In Russia, traditional employee benefit plans similar to western standards are not yet practiced by all employers.
  • The Russian social security system follows a dual system: social insurance and social assistance.
  • Social insurance is funded by federal, regional and local budgets, and from autonomous funds such as the Pension Fund of the Russian Federation, the Federal Social Insurance Fund of the Russian Federation and the Federal Medical Insurance Fund.




Scope

  • This report provides a detailed analysis of employee benefits in Russia.
  • It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits
  • It covers an exhaustive list of employee benefits, including retirement benefits, death in service, long-term disability benefits, medical benefits, workmen’s compensation insurance, maternity and paternity benefits, family benefits, unemployment, leave and private benefits
  • It highlights the economic and regulatory situations relating to employee benefits in Russia.




Reasons To Buy

  • Make strategic decisions using in-depth information related to employee benefits in Russia.
  • Assess Russian employee benefits market, including state and compulsory benefits and private benefits.
  • Gain insights into the key employee benefit schemes offered by private employers in Russia.
  • Gain insights into key organizations governing Russian employee benefits, and their impact on companies.