They want to convert the pension savings into savings without the consent of the Russians. What does it mean and why do the authorities need it? This material (information) is produced and distributed by the foreign agent of the bell or relates to the activity of the foreign agent of the bell. 18+ The search for long-term money for a stagnant economy without external investment sources, once again led the government to the Russians' pension savings. Today the government approved a bill to convert them into a long-term savings plan (LTS). The automatic transfer will start on April 1, 2027. The bell explains why pension conversion is needed, which the Russians were not even asked about, and how 25 years of pension reforms led to it. How will it work Finance Minister Anton Siluanov talked about plans to include in the long-term savings plan the pension savings of "quiet people" - citizens who have never transferred them either to non-state pension funds (NPF) or private management companies. But an innovation appeared in the approved bill: now NPF is also involved in the conversion mechanism. In total, this is a huge amount of money - 6.6 trillion rubles for 71 million Russians. This amount will also include insurance benefits that have been frozen since 2014. ◾ The funds of the "quiet people" will be managed by an authorized fund with state shares, which will be created with the participation of the NPF Blagostoyanie (Gazprombank and VEB. RF) and the NPF VTB pension fund. WEB. The Russian Federation will be one of the controlling owners, the Ministry of Finance confirmed to RBC. ◾ The funds of NFP clients will be transferred to PDS, will remain in the corresponding fund. What's the problem? First, the country didn't even think to ask the Russians for consent to an action that directly affects their interests. Second, it is not clear how and where the Russians' money will work. The Ministry of Finance itself guarantees that the pension savings in the PDS "will continue to be invested according to the same conservative principles". Now the Social Fund of Russia has the funds of the "quiet people", invested by the VEB group.

They want to convert the pension savings into savings without the consent of the Russians. What does it mean and why do the authorities need it? This material (information) is produced and distributed by the foreign agent of the bell or relates to the activity of the foreign agent of the bell. 18+ The search for long-term money for a stagnant economy without external investment sources, once again led the government to the Russians' pension savings. Today the government approved a bill to convert them into a long-term savings plan (LTS). The automatic transfer will start on April 1, 2027. The bell explains why pension conversion is needed, which the Russians were not even asked about, and how 25 years of pension reforms led to it. How will it work Finance Minister Anton Siluanov talked about plans to include in the long-term savings plan the pension savings of "quiet people" - citizens who have never transferred them either to non-state pension funds (NPF) or private management companies. But an innovation appeared in the approved bill: now NPF is also involved in the conversion mechanism. In total, this is a huge amount of money - 6.6 trillion rubles for 71 million Russians. This amount will also include insurance benefits that have been frozen since 2014. ◾ The funds of the "quiet people" will be managed by an authorized fund with state shares, which will be created with the participation of the NPF Blagostoyanie (Gazprombank and VEB. RF) and the NPF VTB pension fund. WEB. The Russian Federation will be one of the controlling owners, the Ministry of Finance confirmed to RBC. ◾ The funds of NFP clients will be transferred to PDS, will remain in the corresponding fund. What's the problem? First, the country didn't even think to ask the Russians for consent to an action that directly affects their interests. Second, it is not clear how and where the Russians' money will work. The Ministry of Finance itself guarantees that the pension savings in the PDS "will continue to be invested according to the same conservative principles". Now the Social Fund of Russia has the funds of the "quiet people", invested by the VEB group.