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The term of the program

Rules for the provision of maternity capitalcitizens of the Russian Federation are established by Federal Law No. 256-FZ of December 29, 2006 "On Additional Measures of State Support for Families with Children." In particular, he determines that maternity capital is a certain amount of money that is given to mothers who gave birth or adopted a second child. At the same time, if at the birth or adoption of a second child, maternity capital was not obtained for one reason or another, it is granted at the birth or adoption of a third or subsequent child. In 2014, the amount of the parent capital is 429,408 rubles 53 kopecks, and each year its value is indexed in accordance with the level of inflation in the country. However, it is impossible to receive maternity capital in the form of cash: the law provides for only three main items of expenditure for which it can be spent. These include the acquisition of housing, the education of children and the future pension of the mother of these children. In addition, there is another restriction on the issuance of maternity capital: current legislation provides that it can only be issued if the second or subsequent child was born or was adopted by a woman no later than December 31, 2016. Thus, the current legislation provides that the birth or adoption of children after this date does not entail the mother's right to receive funds under this program.

Receiving capital after 2016

This restriction, however, does not mean that after2016, the issuance of maternity capital will be completely discontinued. The fact is that the current version of the law on this program establishes that December 31, 2016 is the date after which citizens will not have the right to receive this payment. At the same time such a right can be realized much later. So, for example, if the mother gave birth to a second child in December 2016, she automatically joins the recipients of maternity capital. At the same time, for example, if she decided to spend this money on higher education for her second child, between the date of the right to receive maternity capital and the date of its actual expenditure for the necessary purposes, it will most likely take at least 16 years. Equally significant is the time lag between the acquisition date of the right to maternity capital and the date of its use if it is decided to allocate for an increase in the mother's pension. Thus, maternity capital can be obtained even after December 31, 2016, but its recipients will be able to become only those citizens who acquired the right to such payment before the specified date.