According to his statement, the idea of introducing an IPC system (individual pension capital), which implied the so-called auto-subscription, that is, the automatic inclusion of all citizens in the system, was not supported.
“This concept is not supported today. And what the Finance Ministry proposed is the same law, but solely based on voluntary participation in this system, ”RIA Novosti quoted Siluanov as saying.
This system received the working title “On Guaranteed Pension Product” and was sent for approval to the Ministry of Labor.
The main goal of the project is to create incentives for independent creation of savings and guarantee their safety.
This scheme should replace the concept of individual pension capital, which has been developed since 2016.
More details in the material RT.