It is planned to involve young people in the pension reform, who, due to the moratorium, failed to form savings. The Russian Union of Industrialists and Entrepreneurs (RSPP) proposes to allocate 10,000 rubles each as starting capital in the voluntary pension system. This is stated in the position of the organization “On Initiatives for the Development of the Pension Market”, which is at the disposal of Izvestia.
The novel concerns the young generation who entered the working life, but were left without savings in the Mandatory Pension System (MPS) due to a moratorium that has been in effect since 2014.
The organization also considers it necessary to introduce co-financing from the state of voluntary contributions from citizens. This order was given by the President. Representatives of the Ministry of Finance also spoke about this possibility, but did not disclose how such participation of the state in the formation of future pensions of citizens can be carried out.
According to the RSPP, as the main option, a co-financing program is being discussed, which applies to pension savings and which could be entered until 2015. If a person himself transfers from 2 thousand to 12 thousand rubles a year, then the state doubles this amount.
“Young people are not saving for their future retirement, so our challenge is to incentivize them. It is planned to motivate through co-financing and start-up capital in a voluntary system. And 10,000 rubles seems to be a reasonable amount in this sense, which both meets the task of stimulating it and does not provoke huge budget spending. Taking into account the fact that young people have a lot of time to form a voluntary pension, this amount can be increased significantly by making additional
contributions,” Sergey Belyakov, chairman of the RSPP committee on the development of pension systems and social insurance, president of SRO NAPF, explained to Izvestia.
According to him, representatives of the Ministry of Finance, the Central Bank, the Ministry of Labor, the Pension Fund of the Russian Federation and other interested departments, the State Duma, and the RTK took part in the meetings of the committee at which the position was developed. In general, he said, the initiative both on start-up capital for young people and on co-financing has been approved, only the amount is being discussed.
“Now we have sent our position to the government, legislators, the Central Bank, departments, and we will do our best to formalize it as legislative initiatives,” Sergey Belyakov emphasized.
Read more in the exclusive Izvestia article
Ready to start: young people are offered to give 10 thousand for pension capital
Source: IZ
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
