It is noted that the working title of the document is “On the Guaranteed Pension Product”.
The Finance Ministry said that this system involves voluntary accession of citizens and tax preferences for participants.
It is also specified that it will be possible to add to the new system the savings available to citizens in the mandatory pension insurance system.
Earlier, the Russian government supported the bill on the right to receive payments from non-state pension funds (NPFs) before reaching retirement age. According to the authors of the initiative, this will encourage self-employed people with dependents and employees to accumulate a future pension.
In late August, it was reported that the Ministry of Finance of Russia, together with the Central Bank, are developing a new model for the formation of pension savings, which will be presented in early September. It is clarified that the key difference of the new mechanism will be that the accumulation will be the property of citizens.