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EBV predicted a further freezing of pension

ВЭБ предрек дальнейшую заморозку накопительной пенсии

The government is likely to take a decision on the extension of the moratorium on contributions to the funded part of the pension. This forecast Thursday, August 25, was presented by the Director of Department of trust management of Vnesheconombank Alexander Popov, reports video News Service.

“I think that until the voltage budget is concerned, I think the decision to freeze will be taken further”, — said Popov.

VEB in any case opposed to the extension of the moratorium, he said. Popov recalled that the freezing deprives private pension funds, which transferred the funded part of pensions, the possibility of increasing their customer base.

According to him, the funds obtained from freeze — 350-400 billion a year, which can save money — not fall into the real economy. “Accordingly, do not have a multiplier effect for economic growth and further reduce the base the same rates, in fact the social tax, which is paid by the employer for the citizens,” he said.

In mid-July, the labor Minister Maxim Topilin said that the Ministry of Finance of Russia has set aside a budget for 2017-2019 funds transfer to the Pension Fund of Russia (PFR) on the cumulative part of the pension. “This means that either a moratorium or the abolition [of the mandatory funded system],” said Topilin.

On 12 July, the Deputy head of Vnesheconombank Andrei Klepach said that the probability of freezing of pension savings in years 2017-2019 large due to the constant growth of the budget deficit of the FIU. On freezing of pension savings in the next three years became known on 8 July.

For the first time the moratorium on formation of accumulative part of pension was introduced in 2014. Then it was extended for another year. In 2016, the contributions have also been frozen from them was formed the anti-crisis Fund in the budget.

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