The Ministry of Labor proposes to abandon the existing social insurance scheme

July 6. FINMARKET.RU – The Russian Ministry of Labor proposes to abandon the practice of “cross” financing within the Social Insurance Fund (FSS) itself – and instead provide funds to cover deficits in certain types of social insurance from the budget. This is evidenced by the draft amendments to Articles 19 and 24 of the Federal Law “On the Basics of Compulsory Social Insurance” published by the Ministry on the portal.

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