Friday, June 26, 2015

FIU: the reserve fund of the pension system can be formed in Russia – RIA Novosti

MOSCOW, June 26 – RIA Novosti. The reserve fund of the pension system can be formed in Russia, the development of appropriate law planned by the government, told reporters the head of the Russian Pension Fund Anton Drozdov.

“Many countries do just that. In the short term (fall) they maintain the pension system, and at a time when there is growth, they form a reserve for the pension system. The law on the formation of reserves of the pension system – its development provided in Russia. We believe that we should work on it in order to minimize future and to cover short-term decline, “- said Drozdov.

It is difficult to tell, by what sources may form the reserve.

Drozdov said that the Pension Fund will face a reduction in income payments in 2016-2017. “These changes in macroeconomic, based on the forecast of Ministry of Economic Development only 2016-2017 year. Then this prediction says that by 2018 we wage growth on inflation begins to increase and even exceed in 2018 at least two percentage points (inflation),” – said Drozdov.

According to him, the social block government intends to defend the indexation of pensions in accordance with the law – the rate of inflation for the previous year, since the difficulties are temporary. Earlier, the Ministry of Finance to reduce the budget deficit proposed increase pensions in the next three years, 5.5%, 4.5% and 4%, respectively.

“We are in such a short period when we need support to not to drop the pension, and then later, when the recovery, we can somehow compensate for all this, “- said the head of the FIU.

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