The Ministry of Finance proposed to automatically transfer 6.6 trillion rubles of Russians' pension savings to "long-term savings". This is how the authorities want to save on the 18+ pension service. This material (information) is produced, distributed and (or) sent by a foreign agent of the Internet publication "NOVAYA GAZETA" or relates to the activities of a foreign agent of the online publication "NOVAYA GAZETA". The Russian Ministry of Finance has developed a bill on the automatic transfer of pension savings of 70.9 million Russians to the "Long-Term Savings Plan" (LSP), RBC reports. We are talking about the financed part of the pension, the renewal of which was frozen in 2014. The reform will affect all savers, regardless of whether they deposited the money in a non-state fund or left it under state management (the latter are called "quiet" in the pension industry). The total amount of all funds is about 6.6 trillion rubles. The transfer is scheduled to begin on April 1, 2027. The savings of the clients of the non-state pension funds will remain in those funds, and the "silent" funds will be managed by a new structure. It should be created on the basis of NPF Blagosostoyanie and VTB pension fund. "Therefore, the formation of long-term savings for citizens will remain under the control of the state." said the Ministry of Finance. The department claims that the new system will give Russians more opportunities to manage their savings, including receiving payments in special living situations and using government co-financing. At the same time, according to RBC sources, one of the goals of the reform is to relieve the social fund of the costs of maintaining the previous funded system. Earlier, one of the authors of the pension reform of the 2000s, economist Yevgeny Guntmacher, stated in an interview with Novaya * that Russians are reluctant to participate in voluntary pension plans: many do not have spare money, and trust in the state's mechanisms for long-term savings is low. *The Russian authorities consider him a "foreign agent".

The Ministry of Finance proposed to automatically transfer 6.6 trillion rubles of Russians' pension savings to "long-term savings". This is how the authorities want to save on the 18+ pension service. This material (information) is produced, distributed and (or) sent by a foreign agent of the Internet publication "NOVAYA GAZETA" or relates to the activities of a foreign agent of the online publication "NOVAYA GAZETA". The Russian Ministry of Finance has developed a bill on the automatic transfer of pension savings of 70.9 million Russians to the "Long-Term Savings Plan" (LSP), RBC reports. We are talking about the financed part of the pension, the renewal of which was frozen in 2014. The reform will affect all savers, regardless of whether they deposited the money in a non-state fund or left it under state management (the latter are called "quiet" in the pension industry). The total amount of all funds is about 6.6 trillion rubles. The transfer is scheduled to begin on April 1, 2027. The savings of the clients of the non-state pension funds will remain in those funds, and the "silent" funds will be managed by a new structure. It should be created on the basis of NPF Blagosostoyanie and VTB pension fund. "Therefore, the formation of long-term savings for citizens will remain under the control of the state." said the Ministry of Finance. The department claims that the new system will give Russians more opportunities to manage their savings, including receiving payments in special living situations and using government co-financing. At the same time, according to RBC sources, one of the goals of the reform is to relieve the social fund of the costs of maintaining the previous funded system. Earlier, one of the authors of the pension reform of the 2000s, economist Yevgeny Guntmacher, stated in an interview with Novaya * that Russians are reluctant to participate in voluntary pension plans: many do not have spare money, and trust in the state's mechanisms for long-term savings is low. *The Russian authorities consider him a "foreign agent".