The Russians lost in non-state pension funds (NPF) for the last year and the beginning of 79.4 billion. This speaks of the unwillingness of this system to work with savings of citizens. About it as transfers “Interfax”, said Deputy Prime Minister Olga Golodets at the “government hour” in the Federation Council on Wednesday.
In such circumstances, the pension reform proposed at the end of last week the Ministry of Finance and the Central Bank and involving the contributions to the funded part, unsustainable, said the Vice Premier, who oversees the social block of the government.
“That has now been introduced as an initiative, the so-called new corporate funded pension, this is a complete replacement for the funded pension, which today is called, is missing. I remind you that just last and beginning of this year in the storage system, we have additionally lost 79,4 billion, our financial system is not ready to work with money, money of citizens,” – said Olga Golodets.
“Therefore, we adhere exclusively solidarity principle, which allows directly the money collected without loss, without intermediaries, without the odd to different organizations, schema, and so on to pay people. This is the most effective to date scheme. I understand that colleagues are now start again in his speeches, to insist on the introduction of a funded system. And here we must very clearly outline all of your priorities,” – said Golodets.
Last week during the Moscow financial forum, several high-ranking representatives of the economic and financial agencies saidthat the Finance Ministry and the Central Bank develop a new scheme for the pension system and the current system of pension savings will cease to exist.
The basic idea is that the cumulative part of the pension will continue to emerge, but only on a voluntary basis, due to new contributions of the citizens themselves. The fee will be the same 6%, but it will be paid in excess of 22% will be added to the mandatory social insurance.
Thus in the system of voluntary contributions by default, will include all working Russians, but they will have the opportunity to opt-out of these payments under a five-year moratorium.
“In the first year of deductions from salary of the employee equal to 0% in the second year, 1% in the third – 2%, and so on up to 6%,” – said on Friday, Deputy Finance Minister Alexei Moiseev. Such savings will be introduced income tax credit, and the Central Bank will guarantee their safety. This will be the third plan for the creation of accumulation pension insurance system over the past 15 years.
The cumulative component of the pension system of the Russian Federation frozen 2014. The insurance contributions of employers for citizens who made a choice in favor of the formation of funded pension, fully go to the distribution part of the pension system.
In 2016, the result of freezing the Federal budget saved 342 billion. In 2017, the savings will grow to 412 billion rubles, in 2018 – to 471 billion.