Russia has retirement pension schemes. Employees are entitled to a state-managed pension paid for through the social tax. Few companies, including the top multinational companies, participate in pension insurance schemes. Most of them give pension schemes to the most senior employees. Also, all employees are eligible for life insurance paid for by the employers, unlike in the United States, where you pay for a more significant share of your life insurance (Borda et al., 2017). Those insurance plans include accidental death on the line of duty, total permanent disability, and critical illness.
