The system of voluntary pension provision will be reformed

The system of voluntary pension provision will be reformed


Deputy Finance Minister Alexei Moiseyev said that the direction of reform currently being discussed. He also noted that the basis can be taken draft law calling for standardized voluntary pension provision according to the methods adopted in the OECD.

MOSCOW, 13 Oct. The Russian government is discussing reform of the system of voluntary pension provision, told reporters, Deputy Finance Minister Alexei Moiseyev on the sidelines of the forum “Russia calling!”.

“The system of voluntary pension provision we neotremontirovannyh, respectively, it is necessary to reform”, — he noted, answering a question about the proposal of the Bank of Russia to create an alternative pension system.

First Deputy Chairman of the Central Bank Sergey Shvetsov last week said that the regulator is working on alternative pension system that will include a commercial component.

Moiseev noted that the direction of reform currently being discussed by the departments concerned. However, he did not rule out that the basis can be taken a long-standing draft law on pension schemes, the products that has not been submitted to the government.

“This bill was called on to standardize our voluntary pension provision according to the methods adopted in the OECD… I hope that this legislation will revive”, he said.