Partial defrost storage element of the mandatory pension system in Russia is possible only with a significant change in external economic conditions. This could be, for example, the return of oil prices to $ 80 per barrel.

This statement, according to the Agency “Prime”, made on Friday by Deputy Finance Minister of Russia Alexei Moiseev.

“No plans to unfreeze. There is a three-year, which included frost. If suddenly, the oil will be 80 or something, then we will consider a partial defrosting”, – quotes Agency the words of the official.

Funded part of the mandatory pension system of the Russian Federation frozen 2014: 6 of the 20% mandatory pension contributions, which informed the choice of the citizens could go to the formation of pension savings, since coming to the distribution part of the pension system and spent on payments for current retirees. Recently, this moratorium was extended by three years.

This allows the authorities to save more than 300 billion rubles a year on budgetary transfers to cover the deficit of the Pension Fund, but pension accumulation of citizens under a mandatory system since that time not formed.

Every year, the authorities claimed that the cumulative part of the pension shall be withdrawn temporarily, however, the money all the time went to plugging holes in the budget.

The economic development Ministry earlier proposed to unfreeze at least part of the savings element of pensions, by starting to transfer to savings accounts of the citizens of 2017, at least one percentage point of pension contributions.

The alternative – the concept of “individual pension capital” (IPK), which the Central Bank and the Finance Ministry presented on September 23. Concept – third over the past 15 years – provides that IPK will be formed in the non-state pension funds at the expense of voluntary deductions of citizens, the amount of which will not be limited.

It is assumed that paid by the employee contributions will be supplemented by government through a tax deduction, and the deduction of social contribution and the funds will be received by the PKI automatically.

In the co-financing will involve employers, obtaining in this case, certain benefits. Citizens who have pension savings in the mandatory pension insurance (OPS) will be able to translate them as a contribution to the account of IPK.

Deputy Minister of Finance: pension funds can be thawed, if oil prices rise above $ 80 14.10.2016

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