Social Insurance Fund of the Russian Federation


Social Insurance Fund of the Russian Federation is one of the state budget funds, created to provide for the compulsory social security of Russian citizens. Created on January 1, 1991 a joint decree of the Council of Ministers of the Russian Federation and the Federation of Independent Trade Unions of Russia № 600/9-3 from December 25, 1990.
The activities of the fund is governed by the Budget Code of the Russian Federation and the Federal Law "On the basis of compulsory social security", as well as other laws and regulations.

Budget

The income of the fund comes from compulsory social insurance, formed by contributions, from insurance contributions from industrial accidents and occupational diseases and from subsidies from the federal budget and the Federal Mandatory Medical Insurance Fund of the Russian Federation.

Functions