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The fund will be created by transforming the Pension Fund of Russia (PFR) and joining it with the Social Insurance Fund (FSS).
Yaroslav Nilov, Chairman of the Committee on Labor, Social Policy and Veterans Affairs, noted earlier that as a result of the reform, the amount of sick leave, childcare benefits and pregnancy benefits will increase.
In addition, the vacated buildings and premises will be used for social purposes.
It is planned to open a bureau of medical and social expertise, and additional centers for people of pre-retirement and retirement ages will open.