The new pension savings system called Guaranteed Pension Plan (GSP) involves a number of innovative solutions for Russians. Details about them told the first deputy chairman of the Central Bank Sergei Shvetsov.

According to him, payments under the GLP can be passed by inheritance already after they started.

“If a person to whom this pension is bequeathed is at the stage of payments, inherited payments are added to his payments, and if he is still at the stage of accumulation, he receives a redemption amount - the whole balance at once. If one of the family members wants to provide another, he simply indicates in the will his spouse or children as the heir to the savings, ”Shvetsov said in an interview with Rossiyskaya Gazeta.

In addition, payments under the state pension scheme will begin either 30 years after the start of savings or upon reaching retirement age - whichever comes first. Citizens will be able to choose to receive all the savings at once by paying income tax, or purchase a lifetime pension plan.

It will be possible to receive information on the account status in order to use the calculator for calculating the future pension and other services using a smartphone.

“A citizen can make decisions and broadcast them into the system without leaving home using this gadget. He will see the status of the account online, receive information that funds have been credited to this account. This is a convenient system that gives the tangibility of pension savings for a person, ”said Shvetsov.

The mechanisms for transferring pension savings to the new pension system will differ in terms depending on the scheme chosen by the citizen.

“If a citizen wants to transfer pension savings to the account of a guaranteed pension plan within one NPF, he will do it in real time without any commissions or loss of investment income,” said Shvetsov.

At the same time, according to him, if a citizen wants to transfer the savings to another fund, then this will happen five years after the application is submitted. In this case, there will be no loss of investment income and payment of a commission. His current payments for replenishment of accumulations will immediately be credited to a new place.

The same scheme is provided for the “silent”, that is, those who left their savings in the FIU. Money will be transferred to the new fund five years after the submission of the order, and current contributions - immediately.

According to Shvetsov, in order to transfer savings to the GPP, it is enough to transfer what has already been collected - you do not need to start making deductions. As the deputy chairman of the Central Bank emphasized, the system does not imply any requirements or restrictions in this regard.

“People will form pension savings for themselves”

Recall, the Guaranteed Pension Plan is a system of pension savings that allows Russians to finance their private pension with state support. GPP was introduced in October 2019 by the Central Bank and the Ministry of Finance of Russia.

This decision should replace the mandatory pension savings, the formation of which has been frozen since 2014. The bill on GLP is being developed by the government; soon the document will be submitted to the State Duma for consideration.

GPP allows a citizen to independently determine the amount of the contribution and, if necessary, change it an unlimited number of times. Payment of pension contributions can be repeatedly suspended for a period not exceeding five years. It is a question of complete voluntary participation with an arbitrary contribution amount, which is established by the citizen himself.

Commenting on the peculiarities of the GPP, the director of the BCS Broker sales office Vyacheslav Abramov suggested that such solutions should appear in Russia.

“Under the current conditions, other programs already exist: non-state pension provision. It all comes down to the fact that people themselves will form pension savings. Various various products and opportunities are already appearing for them, ”the expert said in an interview with RT.

Konstantin Ordov, head of the Department of Financial Management at Plekhanov Russian Economic University, agrees with him. He is of the opinion that the state helps to avoid situations when people are limited in operations with their own pension savings.

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“This is a small technical point, in order not to cultivate“ pension slavery ”of a kind, when for some reason people in their own pension savings are limited in the right to make transfers between different pension funds, including the loss of interest income for the year when the year is transferred the previous one, ”the expert said.

According to Ordov, citizens need to be granted the greatest number of rights and opportunities for the optimal management of their own pension savings.

Income Level and Inheritability

As Shvetsov specified, the system is largely designed for people whose income is at least 45 thousand rubles per month. The prohibition of the Central Bank explained this circumstance by the fact that up to this mark, people may have more urgent needs and the advantages of GPP for them are not so noticeable.

“It is unlikely that those with lower incomes will participate in this scheme, because, firstly, they don’t have so many opportunities to cut current consumption and, secondly, due to the state pension and a relatively low calculation base, a good replacement coefficient is obtained (ratio of average pension to average wage. - RT ), ”the Central Bank said.

Konstantin Ordov agreed with the assessment of the threshold of 45 thousand rubles, noting that after this indicator we can talk about the availability of funds, "which at least theoretically can be considered as contributions to your future pension." According to the expert, this circumstance is able to limit the demand for the GPP to several million Russians.

Speaking about the parameters and features of the GPP, Vyacheslav Abramov drew attention to the fact that people are wary of innovations. According to him, on the one hand, there are guarantees, but on the other there is a risk of “getting burned”. At the same time, the expert continued, there are other financial instruments.

“People tend to do something and invest on their own. The stock market has become accessible to the majority, the IIS program (individual investment account), which allows you to receive 13% of the deduction annually. All these new products allow people to shape themselves on their own, ”the expert concluded.