Golodets allowed complete abolition of the cumulative part of the pension

The draft Federal budget involves the freezing of the cumulative part of the pension for three years — from 2017 to 2019, said on Friday Deputy Prime Minister Olga Golodets, who oversees social unit in the government. She added that it is not excluded and the complete abolition of the cumulative part of the pension.

“For three years in the budget of the Ministry of Finance not brought the transfers to the funded pension”, — quotes its words “Interfax”. This Golodets noted that the budget fully reflected the indexation of pensions and all the benefits of social pensions.

Wednesday, August 31, Golodets reported that the freezing of accumulative part of pensions after 2016 will be extended. She noted that the draft budget for 2017 is not provided by a budget transfer to the Pension Fund for the payment of the insurance fee going to the funded part of pension.

In July, the Minister of labour and social protection Maxim Topilin said that the accumulative part of the pension in the next three years will be “either frozen, or cancelled.

In March, the Agency Reuters with reference to sources wrote that the decline in budget revenues the Ministry of Finance and the Central Bank started to discuss the abolition of mandatory funded pension and the transfer of the accumulative pension system on a voluntary basis. The final decision can only be taken “at the top”, but while the authorities discuss what this “pill” can “sweeten”, noted the news Agency.

The Ministry of Finance to comment on this post then abandoned, and the press service of the Bank reported that agencies are working on options for which the cumulative part of the pension system be retained, without specifying whether it is voluntary or mandatory variants of the accumulative pension system.

In March, the RSPP organized a closed meeting with representatives of large Russian business, Russian President Vladimir Putin promised not to eliminate mandatory cumulative part of the pension, told RBC participants. One of the participants noted that the question of the funded part of pension was set casual”, the response was rather positive, but vague.

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