Wednesday, April 22, 2015

The World Bank held to reform the pension system in Russia – a REGNUM

23.04.2015 05:24

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International Organization will conduct an analysis of the Russian pension system on the initiative of the Central Bank of Russia

The experts of the World Bank on the initiative of the Central Bank of Russia will analyze the Russian pension system and will present their recommendations for its further modernization. According to April 23 the newspaper “Izvestia”, the project will start at the end of this month.

In general, the position of the World Bank under the action of a Russian pension system has already been announced: an international organization supports the preservation of funded pension and recognize the inevitability of increase retirement age.

The press service of the Russian regulator confirmed that the central bank “is working with the World Bank in order to generate recommendations to improve the funded part of the pension system, taking into account international best practices.” In this case, more detailed comments in the Bank refused.

Sources say that the World Bank experts pay attention primarily funded part of the pension system in Russia . The study will concern the area of ​​government as pension savings and reserves (funds generated by voluntary contributions from individuals and organizations). In addition, the analysis will be conducted surveillance system for the pension industry regulator which from September 2013 the central bank acts.

Earlier, in April, the head of the Moscow representative office of the World Bank Michael Rutkowski named raising the retirement age in Russia inevitable measure, without which, in his opinion, “the question of sustainability of the pension system in Russia has no solution».

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