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Kolyma employers get cash back for boosting workplace safety

Nearly 50 companies have already applied for this rare chance to cut costs while protecting workers. Will your business qualify before time runs out?

The image shows a poster with text, logos, and pictures of three Russian FSB officers, along with a...
The image shows a poster with text, logos, and pictures of three Russian FSB officers, along with a QR code. The text reads "Reward of Up to $10 Million" and the QR code is located at the bottom of the poster.

Kolyma employers get cash back for boosting workplace safety

Employers in Kolyma can now claim financial support for workplace safety improvements. The Magadan regional branch of Russia’s Social Fund is offering reimbursements for measures that prevent injuries and occupational diseases. Nearly 50 local companies have already applied since the start of the year. To qualify, organisations must have no outstanding payments, penalties, or fines. They must first submit an application for approval and a funding plan by August 1. Once approved, employers cover the costs themselves before seeking reimbursement.

The funds can be used for a range of safety measures. These include personal protective equipment, mandatory medical check-ups, and spa treatments for employees in hazardous roles. Specialised safety devices, driver fatigue monitoring systems, and first-aid kits are also covered.

After implementing the measures, employers have until November 15 to apply for reimbursement. They must provide expense reports and supporting documents. Fund specialists then review each application within 15 business days.

Reimbursement amounts can reach up to 20% of the employer’s insurance contributions from the previous year. These contributions cover mandatory accident and occupational disease insurance. The scheme aims to encourage safer working conditions across the region. Employers who meet the criteria can recover part of their spending on protective measures. The deadline for initial applications remains August 1.

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