Tuesday, September 23, 2014

Ministry of Finance lost the argument for a fixed part of the pensions Russians – RBC

Ministry of Finance lost the argument for a fixed part of the pensions Russians – RBC

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Prime Minister Dmitry Medvedev did not support the proposal of the Ministry of Finance to cancel the payment of the fixed part of working pensioners, told “Vedomosti” officer of the government. The fact that the proposal of the finance department was not supported by the government, also know a senior Finance Ministry official and a spokesman for Prime Minister Natalia Timakov, according to the publication.

This topic was discussed at a meeting with Medvedev on September 23.

Proposal of the Ministry of Finance on pension policy was rejected after consultation with the Constitutional Court, which did not rule out that such a measure could be declared unconstitutional, told the publication three federal officials.

Cancel defined benefit plan was to allow the Ministry of Finance reduce transfers to the Pension Fund of Russia at 296.4 billion rubles .: in 2015 – 30.5 billion rubles., in 2016 – 96 billion rubles., in 2017 – at 169.9 billion rubles. Follows from the project the federal budget for 2015 and the planning period of 2016-2017.

Office comes from the fact that this measure will not only achieve a balanced budget, but will also make the retirees leave the work at a later age. The basic idea is that the “insurance pension – this insurance, payment of lost wages,” “as if the pensioner is working, he has not lost earnings, which means it can not pay the pension,” said last week the head of the FIU Anton Drozdov (quoted by ITAR-TASS).

The peculiarity of this budget process is that the Finance Ministry has sought the basic resources to avoid a front reduction of all costs in the budgets of extra-budgetary funds – FIU, FMS and HIF. From these sources, the Finance Ministry expects to receive in 2015, 225.5 billion rubles.

The suggestion was made by the Ministry of Finance Government of the social unit. Deputy Prime Minister Olga Golodets called him “unprofessional” and “unconstitutional” and promised to achieve bringing this issue to a separate discussion.

A fixed payment to the pension insurance came under the new pension formula. In the discussion phase of the pension formula was assumed that due to the fixed payment will be working to encourage retirees to later retirement. Fixed payment increased by a premium rate at a later applying for a pension (of old age). As of April 1, 2014 its size is 3910.34 rubles.

In the past, the Government decided to freeze pension accruals for 2014, then the decision to explain the necessity of reforming the NPF market. This summer, the authorities decided to freeze the pension savings in 2015. The government has also discussed the possibility of a complete renunciation of the mandatory funded pension.

Marina Magay

September 24, 2014

RBC

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