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The Ministry of Finance and the Central Bank of the Russian Federation submitted its version of pension system



The government will soon review the paper.



27.Apr.16 6:03 AM
By Abigail Richards
Photo Toinnov.com

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The Ministry of Finance and the Central Bank of the Russian Federation submitted its version of pension system
Yesterday, April 26, the Ministry of Finance and the Central Bank of the Russian Federation submitted its version of pension system, and in the near future the government will consider this document.

It became known that the governments of the Russian Federation received from the two main financial institutions of the country a new variant of the pension reform, according to which the accumulation should be recognized as the property of the citizens, and therefore they have the right to choose the interest rate. According to developers of the document, the current funded system is outdated and it is necessary to get rid of.

According to the document, the insurance part of pensions will be formed based on payments in the Pension Fund and all other contributions will flow into private pension funds. In addition, it is noted that the payments in savings within the Pension Fund will be exempt from having to pay personal income tax.

It is also important that the new pension system, if accepted, will change existing schemes of payment of accruals, which are described in some detail in the document, mistakes can not be in the calculation, it's pretty simple.

The government hasn't said anything yet on this occasion, comments have not yet been.



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