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Putin: there will be no new pension reform in Russia

Putin: there will be no new pension reform in Russia
Photo by: kremlin.ru

Russian President Vladimir Putin said at a large press conference in Moscow that there would be no new pension reform in the country. According to him, the government does not have discussions about this.

“In the field of pension provision, all decisions have been made, enshrined in law, and no changes are planned there. No new pension reform is being prepared or even discussed, ”said Vladimir Putin.

According to him, the Ministry of Finance has several proposals in this area, but they relate only to savings. The President assured that this is about protecting savings.

Putin recently signed a law on freezing the storage part pensions. It was extended for another year - until 2022. Prior to this, it was planned that in 2020 the current funded pension system should be replaced by an individual pension capital. The new system is being developed by the Ministry of Finance and the Central Bank.


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