Foreigners To Get Pensions Contributions

The RF Pensions Fund (PFR) has declared that all employers on Russian territory must pay insurance contributions from 1 December 1997 against foreign citizens permanently resident in Russia.

<BR>The RF Pensions Fund (PFR) has declared that all employers on Russian territory must pay insurance contributions from 1 December 1997 against foreign citizens permanently resident in Russia.<BR>Meanwhile the Foreign Investment Law dictates that enterprises with foreign capital must transfer pension contributions for foreign staff to the appropriate funds in their country of permanent residence.