The Ministry of Finance and the Central Bank introduced a new pension system


The Finance Ministry wants to give the Russians the opportunity to actively control the future pension capital. This was stated by Deputy head of the Ministry of Finance Alexei Moiseev in Moscow Finance forum, reports .

The authorities recognize that the freezing of pension savings for the past three years has undermined the credibility of the pension system, said Moses. However, he noted that he sees the willingness of the Russians to accumulate for retirement. Therefore, the Ministry of Finance would like to upgrade the existing pension system, the official said.

“Citizens will form their pension capital on their own,” — said Moiseev.

He noted that during the two-year transition period, future retirees will be able to apply on the transfer of savings in private pension Fund (NPF). If he stays “silent”, his pension rights will automatically go to the insurance part, which forms the Pension Fund of Russia (PFR), said zamministra.

For men revenue-generating pension savings, is expected to set a benefit in the form of reducing the taxable base, said Moses. According to him, certain tax motivation will be provided for the employer.

In the new pension system will also be a Central administrator who will work as a specialized Depository and to carry out the functions of registration of pension rights, said Moses. According to him, it will be a commercial organization. Now functions for accounting of the pension rights by the Pension Fund, he recalled.

Contributions will be deducted by the employer from the employee’s salary and forwarded to the NPF directly or through pension administrator, Moiseev said. He added that the employee will not be obliged to return the withdrawn money in the Fund.

Another incentive to accumulate for the future retirement for the Russians is the preservation of the guarantee system, which is currently in effect for pension savings announced in the forum Deputy Chairman of the Bank of Russia Vladimir Chistyuhin. According to surveys of the Central Bank, more than 80% of respondents said they like the incentives offered by the new pension system, 50% interest to accumulate for retirement under the proposed system of pension capital, said Chistyukhin.

The Central Bank and the Ministry of Finance has ceased to protect pensionnoy system and present a new, said the head of the Board of the Center for strategic development Alexey Kudrin, also speaking at the forum. In his opinion, is the best out of the situation, if there is an understanding that the existing pension system will not keep.

The rejection of the system of pension savings is not justified, because it allowed many to accumulate funds for retirement, Kudrin said. For those who have average income and above, the current system of retirement savings is not effective, he acknowledged.

The text is updated…

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