MMK Directs RUR 157.4m to Charity

UrBC, Magnitogorsk, August 7, 2018. Magnitogorsk Iron & Steel Works (MMK) allocated RUR 157.4m for charity projects in the six months of 2018, the company press service reports. The projects get coordinated by MMK-sponsored Metallurg Foundation in Magnitogorsk and aim to support and improve the living standard of the elderly.

One of the projects, known as The Older Generation, involves 14,000+ retirees who used to work for MMK and other local industrial enterprises; these people receive some monthly allowance to complement their old-age pensions. Additionally, 3,000 retirees who used to work in the state-run education, healthcare, culture, and sports sectors get an allowance every quarter.

The Stay Healthy Project aims to support the older locals financially and to provide social/healthcare services to the elderly. There’s a doctors’ committee working within the foundation that engages Magnitogorsk’s leading healthcare professionals. People with disabilities and long-service employees can apply for and get rehabilitation supplies such as wheelchairs and hearing aids from the organization. Retirees also have their dentist’s bills covered by the foundation.

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