Gref opposed the transfer of the cumulative part of pension insurance

Gref opposed the transfer of the cumulative part of pension insurance


Moscow. May 27. The idea to translate in the framework of the pension reform savings component in the insurance part and accumulation to make voluntary-mandatory, the head of Sberbank German Gref does not support.

“I treat this negatively. I was a person who at the time punched, and administered funded system. We went through all the options regarding possible voluntary systems, but they are, unfortunately, nowhere in the world has shown itself. They can be incentive by the state, there may be additional, but not main” – said Gref in an interview with the newspaper “Izvestia” published on Friday.

In his words, “under all scenarios, the share of social assistance in the budget will increase, but with deteriorating demographics, we will not be able to maintain the level of the replacement rate, i.e. the ratio of the average pension and the average wage, which is today”.

“She will fall, and this is a big problem. You need to look for a solution, but in a falling trend in the economy to increase the rate, and she is taken with an extremely sensitive Payroll (payroll), it will be very painful. When we lowered the UST (unified social tax) from 36% to 26%, this gave a huge result. And now going back is counterproductive,” added the head of Sberbank.