A basic principle of the compulsory health care system in the Russian Federation is the state guarantee of insured persons’ rights for obtaining affordable and qualified medical aid within the scope of Compulsory Health Insurance (CHI).     

Today, the Russian Federation actively introduces patient-oriented models of public health care services aimed at providing patient-specific assistance for each insured person.   

The implementation of improved services by local authorities of the Pension Fund of the Russian Federation (PFRF) is aimed at providing the absolute majority of citizens with the opportunity to receive pensions without having to be physically present at a local PFRF office. Now, the granting of pensions is only based only on an extract of the insured person’s individual account which contains the required full information to award the pension such as length of service, wages and insurance contributions.

Current actuarial practices in the Pension Fund of the Russian Federation (PFRF) lack an adequate regulatory framework. The ever changing pension legislative environment require that actuarial valuations should be conducted based on the approved regulatory guidelines which detail each stage of the actuarial process.

The cards include the attachment of the Pension Fund which contains the card user's personal insurance account number. Using this attachment and the supporting technological infrastructure, members of the public can submit account queries and receive answers. Typical queries are, for example, a request for an account statement, application .to have the moneypurchase portion of the pension invested on the stock market, etc.

The valuation of the balance between the acquired pension entitlements and liabilities of the mandatory pension insurance system is conducted on the basis of the Pension Fund’s (PFR) actuarial model, developed and verified by a specialized department of the PFR - the Department for Actuarial Valuations and Strategic Planning. This model is a unique product and enabler to accumulate every specific option of pension entitlement valuation under the national pension legislation.