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Tuesday, October 25, 2016

The Ministry explained the proposal to the Russians save for retirement themselves

The Finance Ministry commented on the proposal to make the cumulative part of the pension is optional for States to offer the Russians to save for old age themselves.

photo: Gennady Cherkasov

Recently the media reported that the Ministry of Finance proposes to make the cumulative part of the pension is optional to the Russians, who have income above 40 thousand rubles, themselves set aside for old age. As stated by Deputy Finance Minister Alexei Moiseev, reports of the WG, the person who received 100 thousand, had to save up for retirement himself. “And this, of course, not only 100 thousand rubles, but since 40-50 thousand”, – he said.

The discussion was joined by Central Bank and Deputy Chairman of the Bank of Russia Vladimir Chistyuhin. He said, TASS reported that stimulating the necessary tools so that citizens saved themselves.

“These incentives, as we think today, may constitute tax deductions, can provide a reduction of social contributions by the employer in the event if the employee participates in the (cumulative) system,” said Chistyukhin at the St. Petersburg forum Credit Suisse.

In turn, the first Vice-speaker of the lower house of the Parliament of the Russian Federation Alexander Zhukov (United Russia), stated that the question of the funded part of pensions will be decided the new composition of the state Duma, RIA Novosti reported.

On Thursday, the Ministry of Finance has commented on the sensational in the Network initiative. According to assistant of the head of Department Svetlana Nikitina, we are talking “only about the additional accumulation component, which is formed voluntarily through banks or through private investment funds. “We don’t touch the current pension system, consisting of mandatory payments”, — quotes its radio station “Moscow speaking”.

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