The commission has been working on this project since 2014.
“The members of the Supreme Eurasian Economic Council signed a pension agreement on December 20, 2019 in St. Petersburg. Upon its entry into force, the Union employees will receive a pension not only for periods of work in their homeland, but also for periods of work in other EAEU countries. Each state will pay a pension under its own legislation.
The agreement defines the types of pensions it will be exported and applied to,” the ECE informed.
They point out in commission that so far, due to differences in the pension systems of the Union countries, the pension rights of labor migrants have not been formed in all countries. And where such a practice existed, the employees could not realize them upon return to their homeland.
LS wrote earlier that ECE Board had approved the draft pension agreement for workers of the EEU member states. When determining the pension entitlement, the length of service acquired in the territories of the EEU member states both before and after the entry into force of the agreement, as well as the length of service acquired in the territory of the former USSR, will be taken into account.
Besides, the document will help increase the level of social security of the Union citizens.
Photos are from open sources.