The Ministry of Finance proposed to privatize the pension savings of Russians

Vedomosti: The Ministry of Finance proposed to privatize the pension savings of Russians

The Ministry of Finance proposed to give the Russians the opportunity to manage their savings
A photo: Vadim Akhmetov © URA.RU

The Ministry of Finance of the Russian Federation proposed to “privatize” the pension savings of Russians, giving citizens the right to invest them as they choose. The initiative was presented at the meeting by Russian Finance Minister Anton Siluanov and Central Bank Chairman Elvira Nabiullina, sources say.

“We are talking regarding giving citizens who have pension savings the right to invest them as they choose. Although subject to certain criteria, ”Vedomosti writes, citing information from sources who participated in the meeting.

It is envisaged that the savings formed under the compulsory pension insurance system (OPS), but frozen in 2014, will be transferred to the property of citizens. This information was confirmed to the publication by Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market. At the moment, the Russians only have the opportunity to transfer savings from one non-state pension fund (NPF) to another, since in fact the funds are in state ownership, he explained.

More than a hundred thousand Russians read our news in telegram! Join and you – subscribe to the channel «URA.RU»

The Ministry of Finance of the Russian Federation proposed to “privatize” the pension savings of Russians, giving citizens the right to invest them as they choose. The initiative was presented at the meeting by Russian Finance Minister Anton Siluanov and Central Bank Chairman Elvira Nabiullina, sources say. “We are talking regarding giving citizens who have pension savings the right to invest them as they choose. Although subject to certain criteria, ”Vedomosti writes, citing information from sources who participated in the meeting. It is envisaged that the savings formed under the compulsory pension insurance system (OPS), but frozen in 2014, will be transferred to the property of citizens. This information was confirmed to the publication by Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market. At the moment, the Russians only have the opportunity to transfer savings from one non-state pension fund (NPF) to another, since in fact the funds are in state ownership, he explained.

Related Articles:  Minister of Energy Walid Fayyad promises the Lebanese 9 hours of electric power

Related posts:

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.