The defined contribution pension schemes takes effect from October 1. It is a new mechanism which will allow getting an additional income. In fact, it's the second pension. Belarusians will be able to participate in this program if they wish.
Insurance companies have offered such projects before, but now the government will help to accumulate additional pension income: the employer will contribute along with the employee. The new mechanism does not suggest abolishing or cutting the traditional pension. It will accrue in full. The percentage can be chosen and varied from 1 to 10. In addition, it will be possible to change it during the entire period of payment, but no more than once a year.
Defined contribution pension schemes launched in Belarus
1 октября 2022












