Photo: Sergey Fadeichev / TASS
Public discussion of draft new pension system individual pension capital (PKI) — can be carried over to next year. This initiative was made by the Central Bank, writes owned by Grigory Berezkin RBC.
The final decision on the timing of the public debate on the reform is still pending. CBA to move because of disagreement with the fundamental point — the voluntary participation of citizens in the system. The regulator believes that the approach proposed by the Finance Ministry at the request of President Vladimir Putin, defeats the whole idea.
The PKI system assumes that the citizens will be expected to make deductions from their income in private pension funds. These funds will be invested without the participation of the state and will replace the current accumulative part of pension frozen in 2014. The contributions will vary and be increased from zero percent in the first year to six in the sixth.
Initially, the Finance Ministry has proposed to connect all the Russians, using the principle of consent by default. But then this approach was abandoned after criticism from the head of state.
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