World Bank at the request of the Russian Central Bank will evaluate the Russian pension system and submit its recommendations for its further development. The project will be implemented by the end of April. The study will cover the area of government as pension savings and reserves. Also check undergo surveillance system for the pension industry, according to “Izvestia».
The World Bank representative has previously been announced that Russia should retain the storage component pensions and recognize the inevitability of raising the retirement age. It was funded part of the pension system of the Russian Federation primarily fall into the field of view of the World Bank.
The controller confirmed « News” partnership with the World Bank. “The Bank of Russia is working with the World Bank in order to generate recommendations to improve the funded part of the pension system based on international best practices », – said the press service of the regulator.
At the same time, even in 2012 year, when only began to develop pension reform and the question arose on cancellation of the funded part of the pension, the World Bank noted in his report that the abolition of the storage element will not produce a significant effect on the budget of Russia. At the same time the World Bank experts called on the Russian authorities not to major changes funded part of pensions.
WB announce its position and other acute pension topic – raising the retirement age in Russia. In recent years, Russian officials have increasingly expressed the need to increase it to five years. And the World Bank has recognized that this issue is crucial to preserve the stability of the pension system.
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