Deductions in exchange for benefits

Today in the State Duma there were parliamentary hearings on the main areas of development of the financial market of Russia for the next three years. During the hearings, the Cabinet of Ministers and the Bank of Russia was proposed to accelerate the preparation and introduction of bills aimed at the formation of the Institute for Individual Pension Capital (IPC) to the State Duma. According to the head of the Central Bank of Elvira Nabiullina, the IPC will be formed due to the deductions of citizens and funds of the employer who can co -financing the employee's contributions.

“This is an old question, unfortunately, I delayed with a beard, and we have long been waiting for a proposal from the government,” said Anatoly Aksakov, head of the Duma financial market committee. “Because these pension savings can be a resource that provides a worthy life for people retired.” The head of the Central Bank Elvira Nabiullina called the introduction of an updated IPK system a priority direction for the department and promised that it would be clear and simple.

Meeting of the State Duma / Duma.gov.ru

As part of today's meeting, Nabiullina announced that employers will be able to co -financial voluntary contributions of an employee in the IPK, receiving tax benefits for this. “For the economy, pension savings are the most important source of long money. That is why we consider the priority for the near future the introduction of individual pension capital, which should inhale the new life into the system of pension savings, ”the head of the Central Bank emphasized . According to her, the funds of the IPC will be protected by a system for guaranteeing pension savings, and it will be possible to control it remotely-through online services. “This is a stable and reliable business model for citizens,” Nabiullina noted.

In addition, during today's hearings, the National Association of Participants of the Stock Market (Nauphor) proposed supplementing the system as an analogue of individual investment accounts - individual pension accounts. “Citizens should get the widespread opportunities in the choice of pension schemes,” said the head of Nauphor Alexei Timofeev. - We could take advantage of the experience of individual investment accounts that have proven their success, showed themselves a rather balanced financial instrument. To construct, if you like, individual pension accounts, to provide the opportunity to participate in the management of the IPC with the trusting manager of the stock market. ”

Welder / AGN "Moscow" / Photo: Lyubimov Andrey

At the moment, freezing the funded part of the pension was extended until 2021. Recall that the new model - IPK - is designed to replace and modernize the existing order. It is assumed that working citizens will expel contributions for a future pension from their salaries to non -state pension funds (NPFs). The amount of deductions will gradually increase by 1 percentage points. Every year: from 0% in the first year of connection to the system and up to 6% in five years. Accumulations will be the property of a person, not a state. Earlier it was reported that the functions of the NPF for working with the accumulations of "Silents" within the framework of the IPC can be endowed with the state management company VEB.rf. “We are ready to show flexibility here,” Igor Shuvalov, head of VEB.RF, said at the hearing.

Igor Shuvalov / duma.gov.ru

The system was developed by the Ministry of Finance and the Central Bank, its main provisions were submitted back in 2016. The method of entry into the system immediately became the subject of discussions in the government - the authors of the initiative proposed a mechanism for automatically inclusion of citizens in the system with the possibility of refusal, but objected to the idea with an auto subscription, and decided to abandon it. In December, the Minister of Finance Anton Siluanov admitted that the innovations blocked the project of individual savings, but expressed the hope that someday he would be accepted.

Now the Ministry of Finance expects to launch the IPK system in 2020. The corresponding bill may be submitted to the State Duma into the autumn session. The publication of a document for public discussion is expected at the end of this month.