Maternity capital is a cash payment received by a family who has given birth to or adopted a second child. However, this state program has a validity period until 2016: it is assumed that after this date, the payment of money will stop.
Program duration
The rules for providing maternity capital to citizens 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." He, in particular, defines that maternity capital is a certain amount of money received by mothers who have given birth or adopted a second child. Moreover, if at the birth or adoption of the second child, the maternity capital was not received for one reason or another, it is provided at the birth or adoption of the third or subsequent child.
In 2014, the amount of maternity capital is 429,408 rubles 53 kopecks, and each year its value is indexed in accordance with the inflation rate 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 on which it can be spent. These include the purchase of housing, the education of the children and the future pension of the mother of these children.
In addition, there is another restriction imposed on the issuance of maternity capital: the current legislation provides that it can be issued only 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 later than this date does not entail the mother's right to receive funds under this program.
Receiving capital after 2016
This limitation, however, does not mean that after 2016 the issuance of maternity capital will be completely stopped. 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.
Moreover, such a right itself can be exercised much later. So, for example, if a mother gave birth to her second child in December 2016, she is automatically included in the number of recipients of maternity capital. At the same time, for example, if she decided to spend this money on higher education for her second child, most likely at least 16 years will pass between the date the right to receive maternity capital arises and the date of its actual spending for the necessary purposes. No less significant may be the time gap between the date of acquisition of the right to maternity capital and the date of its use if it is decided to use it to increase the mother's pension.
Thus, it will be possible to receive maternity capital after December 31, 2016, but only those citizens who have acquired the right to such payment before that date can become its recipients.
