The 6.6 trillion ruble reform will begin on April 1, 2027. A government committee approved a bill to convert a funded pension into a long-term savings plan (LSP). We are talking about the money transferred by employers for citizens to a mandatory pension insurance system from 2002 to 2013. "Quiet people" - those who did not choose a private management company or a non-state pension fund - will receive savings in the management of a special authorized fund, which has not yet been determined. Now their money is held by VEB. RF through the Social Fund of Russia. For NPF customers, the savings are converted into a one-time PDS contribution within the same fund. The reform does not affect the insurance allowance, points and length of service. The state is pulling 6.6 trillion rubles from the carefully regulated mandatory pension system into a device where citizens officially have more options, but the mandatory nature of payments is reduced. In terms of the budget, this is a reduction in the direct pension obligations: the money remains in the financial system, but the responsibility for its safety is partially transferred to the non-state pension fund and the future authorized fund. The main question is who and under what conditions will get control of the savings of the "quiet people". It is this reservoir, the largest in scope, that will become the real prize of the reform.

The 6.6 trillion ruble reform will begin on April 1, 2027. A government committee approved a bill to convert a funded pension into a long-term savings plan (LSP). We are talking about the money transferred by employers for citizens to a mandatory pension insurance system from 2002 to 2013. "Quiet people" - those who did not choose a private management company or a non-state pension fund - will receive savings in the management of a special authorized fund, which has not yet been determined. Now their money is held by VEB. RF through the Social Fund of Russia. For NPF customers, the savings are converted into a one-time PDS contribution within the same fund. The reform does not affect the insurance allowance, points and length of service. The state is pulling 6.6 trillion rubles from the carefully regulated mandatory pension system into a device where citizens officially have more options, but the mandatory nature of payments is reduced. In terms of the budget, this is a reduction in the direct pension obligations: the money remains in the financial system, but the responsibility for its safety is partially transferred to the non-state pension fund and the future authorized fund. The main question is who and under what conditions will get control of the savings of the "quiet people". It is this reservoir, the largest in scope, that will become the real prize of the reform.