The Ministry of Finance of the Russian Federation has prepared a plan for pension reform of the six points, the newspaper “Vedomosti”.

Proposed changes concern the main components of the pension system: tariffs, rules of payment and the indexation of pensions (including the reform of the institution of early pensions and raising the retirement age), compensation from the budget of the preferential insurance rates, the structure of the system itself.

The plan of the Ministry of Finance came after the February meeting with Prime Minister Dmitry Medvedev, devoted to the improvement of the pension system in the context of new socio-economic challenges.

It is assumed that the retirement age will be raised to 65 years for both men and women. The increase will be made in increments of 6-12 months. Addresses the issue of refusal to pay all its pension or a fixed portion of pensions to pensioners who are officially employed.

State employees eligible for early retirement (teachers, medical professionals and creative professionals), is assumed to gradually increase needed to establish the early retirement experience in order to coincide with the generally established retirement age.

A source in the Finance Ministry explains that the government thus tacitly wants to raise taxes and cut social obligations.

The plan also revealed a proposal to abolish the mandatory funded component, transfer from the system of mandatory pension insurance in quasiderivative and introducing incentives for voluntary savings. The transition to this mechanism is scheduled for 2019.

In addition, the Ministry of Finance proposes to reduce the indexation of pensions in 2017, however, does not specify how.

Finance ideas, as told the press Secretary of Prime Minister Natalia Timakova, the government was not considered, but were discussed during the meeting with first Deputy Prime Minister of the Russian Federation Igor Shuvalov and has already been sent to the Ministry of labor.

The mechanism of transfer of voluntary savings in the format set out in the presentation of the Central Bank and Ministry of Finance, which is directed to individual officials of the government and the presidential administration.

The Ministry of labor the concept of the Central Bank and Ministry of Finance have already approved, have said recently the Minister of labour Maxim Topilin.

The Ministry of economic development against. The official of the Ministry told the publication that it supports the preservation of the funded component of the mandatory pension insurance system.

“Vedomosti”: the Ministry of Finance has prepared a pension reform six-point 28.04.2016

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