the New system of pension savings provides that citizens of the Russian Federation at any time can withdraw the entire amount of funds owed to them in case of illness. This was told by Deputy Finance Minister Alexey Moiseyev, reports “Interfax”.
Moses added that 20% of pension savings of Russians will be able to withdraw for five years before retirement. He also noted that employees would be included in the new system by default, and employers participating in the system will receive benefits.
Reorganized the system of pension savings will earn in 2018, if in 2017 will be approved by the required legislative framework, points out Reuters. The default contribution rate to the pension capital of citizens increases annually from 0% to 6% of salary. While the Russians themselves will follow the formation of pension capital: at any time, the employee may suspend contributions (zero rate for a period of up to five years).
under the new system, pension contributions of workers sent to the Central Administrator (such a structure was proposed to establish a savings Bank), which will then place them in the proper NPF (private pension funds). Those who have already decided on NPF in terms of the old pension system will remain in them and in the accumulation of “undecideds” (of citizens, not handed money in NPF or a management company), customers, the state management company and private management companies will remain in the Pension Fund of the Russian Federation.
According to the survey of the Central Bank, only 18% of respondents would refuse to participate in the formation of individual pension capital (total number of survey participants not given). Deputy Chairman of the Central Bank Vladimir Chistyukhin stated to “Interfax” that more than 50% of respondents in the new pension system to participate is ready.
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