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Belarus Introducing Option for Additional Pension Contribution

|Approved Changes|Belarus
Belarus

Belarus has published Decree No. 367 of 27 September 2021, which introduces a new program providing the option for employees to make an additional pension contribution of up to 10% of their earnings from 1 October 2022. This is in addition to the mandatory 1% contribution. Employees may join the program no later than three years before reaching the established retirement age. When an employee joins the program, the employer is also required to make a matching contribution, although this is l…

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