Russia may again freeze defined pension contributions in 2016

NOVO-OGARYOVO, Russia Wed Feb 4, 2015 5:01am EST

NOVO-OGARYOVO, Russia Feb 4 (Reuters) - Russia may consider freezing defined pension contributions in 2016 if in a difficult financial situation, Labour Minister Maxim Topilin said on Wednesday.

Russia has already imposed a freeze on defined pension contributions to private fund managers in 2014 and 2015 to help plug holes in the budget. (Reporting by Darya Korsunskaya; Writing by Maria Kiselyova, editing by Jason Bush)

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