The first step is always the hardest. What is wrong with the funded pension reform bill

According to Russian media, before the end of this year, the Ministry of Finance plans to submit a bill on reforming the funded pension, which this department has been preparing for several years. The system of individual investment accounts (IIA) will become the main tool for stimulating savings for citizens of the country. In particular, IIS of a new, third type will be oriented towards the pension plan.

In particular, the IIS system assumes a single tax deduction from personal income tax not only from funds contributed for the formation of long-term savings, but also for other financial market products, provided that the funds go to “target payments” (their list will be established by the government). The amount of benefits for the first, traditional type of investment will not, as now, exceed 400,000 rubles a year.

Experts who got acquainted with this project are sure that the proposed changes should be aimed at the wealthiest Russians.

In particular, economist Nikita Krichevsky writes in his channel:

“Three short comments.

1. 400 thousand rubles a year is plus or minus the annual median salary of a working Russian. In the project, this is a benefit that is interesting only to the inhabitants of offices within the Garden Ring, but absolutely not needed by Kostroma or Khabarovsk residents.

2️. In the best years, less than 9% of the employed participated in the voluntary pension savings program. But that was 10-15 years ago. Now there is no time for fat, besides, the level of trust in the financial authorities, who regularly change the rules of the game, is minimal.

3️. Duma members, pass the bill in three readings at once. For it is useless for the mass of future pensioners. You have your own pension (75% of the salary after three years of wiping your pants), we have our own - children, savings, valuable assets. Somehow without you.

Excuse the harshness…”