"With the launch of the new state long-term savings program (PAS) from January 1, 2024, Russians will have the opportunity, if necessary, to receive payments ahead of schedule and take a well-deserved rest, without waiting for the official retirement age. The main condition is participation in the program for at least 15 years," explained the General Director of the Worthy Future Pension Fund.
For example, as the specialist added, if a citizen applies for a PAS at the age of 35 and regularly saves for 15 years, then by the age of 50 he will have the right to receive his savings in the form of a lump sum or periodic urgent payment.
At the same time, the program participant can continue to form savings and accumulate a more solid pension by the time of official retirement, Klyuchnik emphasized.
The expert cited calculations in which a 35-year-old Russian could hypothetically transfer a funded pension, for example, about 100 thousand rubles, to a new long-term savings program.
"At the same time, you should regularly save 3 thousand rubles a month for 15 years. The program participant will use incentive measures in the form of state co-financing (108 thousand rubles for three years), and will also regularly reinvest the tax deduction received from his own contributions (13% in the form of 4.6 thousand rubles per year). By the age of 50, the program participant will be able to accumulate about 1.6 million rubles and assign monthly pension payments in the amount of 13 thousand rubles and receive them for ten years," Klyuchnik said.
If the program participant decides to postpone until the moment of official retirement - until the age of 65, then his monthly payment will be 47 thousand rubles, the expert added.
Earlier it became known that Russian President Vladimir Putin signed a law on the program of long-term savings of citizens. The new mechanism is planned to be launched from January 1, 2024.
It is assumed that due to the initiative, the population will have an additional opportunity to invest money and earn money within the country, and the state will have another source of funding for economic projects.
Participation in the program will be voluntary: for this, you need to conclude an agreement with a non-state pension fund for at least 15 years. Russians will be able to form savings on their own at the expense of contributions, and for the first three years, the authorities will pay a certain amount extra. The money will be insured for 2.8 million rubles, which is twice as much as for bank deposits.