The Minister of Finance Nathon Siluanov explained to radio station “Kommersant FM” what will happen to the old pension savings of Russians, after the 2018-19 years will earn a new voluntary system of pension savings, which the Minister said earlier on Friday.
According to the Minister, what has been accumulated up to this “natural will”. This applies both to those Russians who managed to transfer pension accumulation in private pension funds, and “undecideds” who left these funds in the state management company pension Fund.
Siluanov said that these funds will be included in the new funded system, which would create a mechanism in which to build pension wealth for several years.
The Minister declared several advantages of the new system – now accumulation can be inherited, the money sent to savings will be deducted from the tax base, etc.