The Ministry of Finance has developed a bill on the transfer of pension savings to the long-term savings plan (LTS), RBC reports, citing sources. The department confirmed information about the development of the project. Details: automatic conversion will affect the pension savings of both "quiet people" (those whose funds are managed by VEB. State RF) and on clients of non-state pension funds (NPF). An "authorized fund" will be created with the obligation of state participation to manage the funds of the "quiet people". The changes are supposed to take effect in 2027. The automatic conversion should start on April 1st. Transferring funds to the PDS will give citizens more opportunities to manage their savings and create conditions for the formation of additional capital, the Ministry of Finance said. Telegram | Max | Read exclusively.

The Ministry of Finance has developed a bill on the transfer of pension savings to the long-term savings plan (LTS), RBC reports, citing sources. The department confirmed information about the development of the project. Details: automatic conversion will affect the pension savings of both "quiet people" (those whose funds are managed by VEB. State RF) and on clients of non-state pension funds (NPF). An "authorized fund" will be created with the obligation of state participation to manage the funds of the "quiet people". The changes are supposed to take effect in 2027. The automatic conversion should start on April 1st. Transferring funds to the PDS will give citizens more opportunities to manage their savings and create conditions for the formation of additional capital, the Ministry of Finance said. Telegram | Max | Read exclusively.