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Retirement savings can be frozen for one more year in Russia

This measure is supposed to find additional 280 billion rubles

09.Jul.14 12:55 PM
By D.S.


Retirement savings can be frozen for one more year in Russia
Head Minister of Labor and Social Protection Maxim Topilin has announced that government is overviewing possibility to prolong moratorium which was established in retirement saving. It is planned that moratorium will be valid for one more year. According to official these measures will make it possible for the government to find additional 280 billion rubles in budget for the next year.

At the same time Topilin hasnít shared the opinion of other ministers and officials regarding this question. He only mentioned that the level of pensions will be in the same amount as two costs of living by 2018.

Minister of Finance Anton Siluanov has already discussed this topic at the beginning of 2014. He said that all retirement saving would be transferred to non-state pension funds in 2015 as it was the previous year. He also said the all citizens will not lose their retirement saving which were made during 2014. They will replace saving part with insurance for every citizen with such retirement savings.

Topilin also supported this statement. He assured citizens that non-state pension funds will receive all retirement savings as soon as they match all necessary guarantee standards and guarantee system of Russian federation.

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