Expat guide: Pensions and insurance in Moscow

Expat guide: Pensions and insurance in Moscow

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Here's a short guide to pensions and insurance in Moscow, from tips on retirement abroad to choosing international insurance.

A 2010 Expatica survey article showed only 15 percent of expats in Europe are satisfied with their pension benefits. Expatica's Pensions & Insurance channel aims to ease the nerves. Whether you're an American planning for retirement or a UK expat curious about bringing pension rights along, were here to help you piece together the expat pension puzzle.

Overseas insurance
Understanding overseas insurance is essential for expats, whether it be medical, work-related, life insurance, insuring your house or car, or taking out special insurance relevant to your lifestyle. Some countries require self-employed expats to insure themselves.

Expatica’s channels provides an overview of insurance in Moscow. The bottom line is: insure yourself, your home, car and any other valuable property. Make sure you understand the intricacies of the local insurance system, or you might find yourself out of pocket in the event of a crisis.

Pension transfer
If you are a country-hopper, make sure you are aware of your pension rights as an expat, if you are eligible for pension transfer, if your company has a pension plan or if you need to take out a private plan. Expatica articles such as ‘How changes to UK pension law can benefit expats’ and 'QPROPS – Is it a viable option for expats in France?' look at recent legislation that allows those with UK-based pensions to move their benefits overseas into a Qualified Recognised Overseas Pension Scheme (QROPS).

Pensions across borders
The EU is currently working to ensure that supplementary pension entitlements are not lost when people move within and across borders. Check out our HR channel for up-to-date information on this topic.

Pan-European company pensions
Although the Pan-European Pension, or the IORP Directive, was signed in 2003, many companies are still not using a pan-European scheme. Expatica’s article ‘European portable pensions plans’ looks at how the EU is trying to facilitate pension transfers and where companies are now in the process.

Ask the expert
Expatica offers expert advice in articles like 'Expert tips: How to plan your retirement' and, if you have further questions on overseas insurance or pension transfers, visit our Ask the Expert section and get your answer from someone in the know.

 

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Need advice? Post your question on Expatica's free Ask the Expert service to see if we can help.

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