The Russian Pension Fund has allotted 291 billion rubles to families wishing to spend their maternity capital funds since the beginning of this year. The most popular program option is the improvement of living conditions. Over 662,400 parents that applied to the PFR (55.2% of the entire number) spent their money in such a way, and 258.5 billion rubles were allotted for the purpose.
The monthly benefit for the second child younger than three was also popular with Russians. This year, the benefit was sought by about 284,400 families (23.7%). They received a total of 18.9 billion rubles.
The third most popular way to spend maternity capital funds is children’s education. A total of 249,200 parents (20.7%) chose the option since the year beginning. The Pension Fund allotted 13.4 billion rubles for children’s education this year.
Please note that the spending of maternity capital funds on education was expanded by this academic year with payments for services of individual entrepreneurs. Families can now spend the money on services of private kindergartens and studios organized by individual entrepreneurs. They can also pay for services of a teacher or child care agencies. The main condition is that the individual entrepreneur has an education license from the Rosobornadzor Federal Education and Science Supervision Service.
Improving information exchange between the Pension Fund and other public institutions allows making a decision on the application and transferring the funds without a visit to client services and the submission of documents. Over half of applications for spending maternity capital funds are filed without visiting PFR territorial divisions.