Kudrin: increase the retirement age by a year will release more than 250 billion rubles

ST. PETERSBURG, October 20. /Corr. Svetlana Afonina, Roman Podervyansky/. Raising the retirement age by one year can unleash more than 250 billion roubles to budget costs, allowing to cover the deficit of the pension. Such assessments, responding to questions submitted by the head of Committee of civil initiatives, former Finance Minister of the Russian Federation Alexey Kudrin at the XIV all-Russian forum “Strategic planning in Russian regions: the area of choice and choice of space.”

“Approximately, the annual increase in the retirement age from 250 billion roubles and more. That is, today such an increase for one year essentially would remove the current deficit of indexation on the full amount to 12% a year, – reported on their calculations Kudrin. – That is at the expense of those resources that are already there, to 4%, the third (the alleged indexation of 2016), and by increasing the retirement age could be indexed to almost the level of inflation.”

Kudrin supported the evaluation of the head of the MAYOR Alexei Ulyukayev on the parameters of possible pension age increase in Russia. “About experts agree that in the current situation it is better to define long-term the age of retirement is about 63 years for men and for women. This does not mean that the increase will begin next year, discussed a step increase for six months in the year or year to year, – said Kudrin. – “Nudeindex” pensions, we begin to solve the deficit of the pension system at the expense of pensioners. And proposed to solve due to the migrant people who, after working for a year or two more to ensure a decent pension, including indexation. My opinion about the step – today you can do six months, but only if we start from next year or the year after. If we pull in 3-4 years, then there is no options – will need to do it (the increase) by year (every year)”.

Kudrin also spoke about the freezing of the cumulative part of pensions in the Russian Federation. In his opinion, there is a risk from the point of view of the formation of the country’s culture of voluntary accumulation of pensions of the population, the means which are “a critical source of investment in each country”. “Now more of the credibility of the state pension system, than to cumulative, he said. – The problem is more that the state has not determined the prospects of the pension system. First the government believed that future pensions should be added for the funded because current taxes are not enough to maintain a decent pension, but are now ready to give it up owing to current difficulties.”

“A lot depends on the state. If it does not maintain the cumulative system, in voluntary form, it will not soon stand truly to his feet, reaching wide segments of the population, – said Kudrin. In most developed countries voluntary accumulation always exists and it is the majority of the population encompasses, but it is a great culture – confidence in financial institutions, understanding of long-term planning of their savings. In this sense, the freezing of the cumulative part of pensions more undermining the credibility of the institution of the pension system. As a culture (to cultivate)? Preserving the state system and helping the state to add voluntary cumulative”.

Earlier, the head of the Ministry of economic development Alexei Ulyukayev said that, in his opinion, the retirement age in Russia can be increased both for men and for women to 63 years. In turn, the Finance Ministry has consistently advocated raising the retirement age, citing research by the OECD, according to which the Russian Federation is recommended to increase the retirement age to 65 years for both men and women (currently 55 years for women, 60 for men). The Ministry noted that the Russian economy has a serious demographic problem: in order to ensure economic growth, we need manpower.