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Monday, October 24, 2016

The Ministry of labor did not support the decision on the reform of the pension system

The Minister of labour and social protection of Russia Maxim Topilin in the margins of the Eastern economic forum in Vladivostok said that the Ministry does not support the version of the reform of the pension system proposed by the Ministry of Finance and the Central Bank. Recall that these agencies suggested that the contributions to the funded part was from the employee’s salary in addition to the required 22%.

“This option, which now offers securities, we will not support it. Voluntary funded system provides that a person must decide what percentage he wants to pay additionally for old age, in addition to those 22% that it pays for the employer”, – said Topilin.


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