[Opinion] Russia Prepares Transfer of 6.6 Trillion Rubles in Pension Savings
4 Articles
4 Articles
Russia has approved a bill that provides for the automatic transfer of citizens' pension savings to the Long-Term Savings Program. The government's legislative committee has given the green light to the project, and the planned start date for the transformation is April 1, 2027. The total amount of funds that can be included in the program is about 6.6 trillion rubles. This is the savings of approximately 70-71 million people, with the measure c…
Yuri Baranchik: #Opinions "The Ministry of Finance is once again choosing the path of least resistance: why create functioning financial institutions and protect private property if you can just shift 6.6 trillion from one..
#Opinions "The Ministry of Finance is once again choosing the path of least resistance: why create functioning financial institutions and protect private property if you can just shift 6.6 trillion from one pocket to another, putting 36 million people...
The Ministry of Finance plans to convert pension savings into long-term savings, which could happen automatically from 2027 onwards.
The Government Commission on Bills has approved the initiative to automatically transfer Russian pension savings to the Long-term Savings Programme (LAP) since 1 April 2027, which is intended to increase citizens ' capacity to manage their funds, reports the Ministry of Finance of Russia.
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