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Monday, October 24, 2016

“We don’t like it: Golodets announced a three-year “freeze” funded pensions

Vice-Premier of the Russian government Olga Golodets confirmed his previous words that the cumulative part of the pension will be “frozen” not for one but for the next three years.

photo: Natalia Gubernatorova

According to her statement, which is quoted by TASS, “for three years in the budget of the Ministry of Finance not brought the transfers to the funded pension”.

Earlier, the government already explained that the Pension Fund is in deficit, and the “hole” in it must be closed either by means of budget or other sources, which in recent years and are funded pension funds which are not personal accounts, and immediately to pay current retirees. Thus, the lack of budgetary transfer means that the money in the Pension Fund is likely to again take out funded pensions.

Continuing to talk about the formation of the social budget for the next three years, Golodets assured that it “takes into account the indexation of pensions, payment of social pensions and will increase the pensions in full”.

Note that the statement Golodets already commented Deputy economic development Minister Oleg Fomichev. He said that he has not yet seen the calculations for the next three years, but his Ministry regularly speaks out against the withdrawal of funded pensions from working people in favor of current pensioners to the office, this situation “don’t like”.

However, added Fomichev, in the end, the MAYOR will be forced to submit to the decision as a “disciplined Ministry.

We will remind that last week the Deputy Prime Minister has said about the absence of budgetary transfers to the Pension Fund, but then it was only about the next, 2017 for the first year.


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