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Voluntary pension savings of Russians will insure
Non-state pension savings of Russians up to 1,4 million rubles will be insured by the National Settlement Depository (NSD). The state intends to protect, not only accumulations, but also investment income earned on them.
As they say "News", the state hopes to get a return on these long pension funds in two years. This period is necessary for GDP growth by 3% in 2021 – 2022 years.
According to the latest data from the Bank of Russia, 6,2 million people are saving up for a private pension. In general, voluntary savings are not yet very popular among the population.
The new system of funded pensions in Russia can earn from the beginning of the 2021 year. It is assumed that citizens will be able to join it voluntarily. They will deduct future retirement contributions from their salaries in private pension funds. All monetary savings will be owned by people, not the state.