Russians were told to take care of their own pensions themselves

10 April 2018, 15:14 | Economy
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Citizens of Russia must ensure the well-being of the country. To do this they will have to fold. This was stated by Finance Minister Anton Siluanov on Tuesday, April 10. Other departments do not see other opportunities for financing social, infrastructure and other important projects.. "The growth of the economy requires the attraction of long money. Where do you get them? - asked the head of the Ministry of Finance and himself answered him.

- Of course, we must create sources of financing. Therefore, we see the need to create a resource in the form of investment savings of our citizens. We are talking about pension capital, of course, "the minister explained, speaking at a conference at the Higher School of Economics. He stressed that such a system would be useful not only to the state, but to every concrete citizen - especially when a person retires. For its part, the state guarantees to everyone that his blood money will not disappear anywhere, but will return in a couple of decades in the form of an increase to the social allowance for old age. According to Siluanov, this is already done in many countries. "In addition to state pension provision, citizens must take care of themselves that, at the completion of work, they receive a decent pension. This should stimulate the development of pension savings. It is exactly this possibility that the state should provide in the form of stable working pension systems, "the minister quoted RIA Novosti as saying.. However, the desire to save for old age should be massive, otherwise it is simply useless for the country.

Therefore now the financial department is preparing to introduce a system of individual pension capital, which will be interesting for workers. "Workers should gradually save some of their earnings in order to use these resources after retirement.

Of course, these long resources should be used for investment purposes, "Siluanov again repeated his idea. Earlier he told that thanks to the new system, which could be launched in the near future, monthly pensions will be 10-20% more, while GDP will increase by 1.5%.




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