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The Cabinet of Ministers was offered to cancel the funded part of the pension

The Cabinet of Ministers was offered to cancel the funded part of the pension
Photo: pixabay.com

The Federation of Independent Trade Unions of Russia (FNPR) sent a letter to the Russian government with a request to exclude the funded part from the state pension insurance system. According to the FNPR, the current funded part is designed for the increased survival age of Russians.

Letter from the FNPR was signed by the chairman of the organization Mikhail Shmakov on September 29. According to the trade unions, the parameter of the period of the expected pension payment was removed from the pension system, but the funded component was left. Moreover, it is calculated based on 228 months - or 19 years of life. By 2021, this figure will reach 22 years - the corresponding bill is being approved by the State Duma. 

With an average life expectancy in Russia of 72 years, the actual survival is 12 years (men) and 15 years (women). This means that pensioners receive lower payments, which discredits the very idea of ​​the funded part of the pension.

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