The Ministry of Finance has prepared a draft pension reform six-point


The Ministry of Finance sent to the Ministry of labour’s plan for pension reform, the newspaper “Vedomosti”. The document, compiled after the February meeting, the Prime Minister, consists of six paragraphs. In particular the document proposes to raise the retirement age to 65 years for both men and women — in increments of 6-12 months.

The project also involves the rejection of payments or its fixed part — working pensioners. In addition, it is proposed not to pay early pensions to those who have a right to them in connection with work at hazardous enterprises and continues to work there.

As for dorozhnikov-public sector, Finance Ministry proposes to gradually increase essential for establishing early retirement experience, to coincide with the generally established retirement age.

The document’s authors also referred to the need to establish a uniform tariff of social insurance and to charge it on all wages. A source in the government told Vedomosti that the Ministry of Finance proposes to quietly raise taxes and lower social obligations.

The document also contains a proposal to abolish mandatory funded component and translate it from the system of mandatory pension insurance in quasiderivative, with simultaneous introduction of incentives for voluntary savings. The transition to a voluntary principle of cumulative contributions, the project offers by 2019.

As reported by the newspaper the press-Secretary of Prime Minister Natalia Timakova, while the Finance Ministry’s proposals on the government level was not discussed.

The Federal official who questioned the “statements” indicates that the ideas of the Ministry of Finance has discussed with first Deputy Prime Minister Igor Shuvalov and the head of the government Dmitry Medvedev. Resists the proposals of the social block of the Cabinet of Ministers and not the fact that the Finance Ministry’s proposals will be accepted.

The official government office pointed out that raising the retirement age is still not seriously discussed. However, he noted that a fundamental change of the pension system is only possible after 2018.