The Ministry gave a negative opinion on the draft pension reform media

The Ministry of labour negatively assessed the proposals for the modernization of pension savings, which was prepared by the Ministry of Finance and the Central Bank. About it the newspaper Izvestia reported three sources familiar with the document text and discussion.

Trust, but verify. Why the pension may be less than earned?

We are talking about the introduction in Russia of individual pension capital (PKI). According to the authors of the concept, it must be formed by voluntary contributions of Russians in private pension funds. This system the authors of the idea want to do in addition to existing mandatory pension system.

The Ministry of labor has criticized several points in the project, in particular the fact that it is not voluntary and does not guarantee the profitability of pension savings, said one of the sources.

Another source noted that the Ministry’s position does not contain a “categorical rejection of the proposal IPK”. The opinion, prepared by the office, will require to Refine his study and may shift the timing of the final sentence, added the third source.

In April it became known that the Central Bank of the Russian Federation and the Ministry of Finance has developed a plan for the development of the pension system, involving the introduction of individual pension capital. Finance Minister Anton Siluanov then stated that the innovation may begin to act from late 2017 or early 2018.

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