June 14 13:00
In Russia, a new pension program with state support is being developed, which will provide for corporate pensions and employer contributions. This was reported by “Izvestia» President of the National Association of Non-State Pension Funds (NAPF) Sergei Belyakov.
According to him, the new pension savings system will have to be financed entirely or to a greater extent by the employer, and the employee, upon returning to work, will immediately be connected to the system with the right to refuse savings.
Belyakov added that the established pension program (UPP) should become a new tool with which it is possible to create an additional pension for employees.
The new pension program will operate simultaneously with the long-term savings program (LTS). The main difference is that the PDS stimulates independent savings of citizens and provides for state co-financing of up to 36 thousand rubles per year. It is expected that the new program will not have such a mechanism, but within its framework tax benefits are possible for both the employee and the employer.
Presumably, under the new program, the employer will transfer money to the employee’s separate account in the NPF, and then the received funds will be invested by the fund in order to protect savings from inflation and increase them.
