Labor pensions in Russia in 2018, non-working pensioners will be indexed above inflation one month earlier- that is, not from February 1, as is traditionally done and established by law “About insurance pensions”, A already from January 1, 2018. This will be done in order to ensure next year not only a nominal increase in pensions, as has been the case for the last few years, but also their growth in real terms(that is, above the inflation rate). This increase will affect recipients of all types of insurance pensions - old age, disability and survivors, with the exception of.
To carry out the indexation of pensions in 2018, a bill was developed in a special format, which was adopted and signed by V.V. Putin December 28, 2017.
The Minister of Labor and Social Protection of the Russian Federation announced this on September 18, 2017 Maxim Topilin following the results of the Government meeting, at which the forecast for the socio-economic development of Russia for the next 3 years, the draft federal budget and state extra-budgetary funds were discussed.
By what percentage will pensions be increased in 2018?
Thus, from January 1, 2018, based on the results of the indexation of the insurance pension by 3.7%, the size of one pension coefficient will increase from the current 78.58 to 81.49 rubles, and the base value fixed payment will increase from 4805.11 to 4982.90 rubles(see table below).
In Art. 8 of the text of the introduced budget bill Pension Fund it was indicated that in accordance with the rule established by Part 22 of Art. 18 law “About insurance pensions”, from April 1, 2018, the size of one pension coefficient will be 81.96 rub., due to which the total increase in the cost of IPC in 2018 will be (81.96 / 78.58 – 1) = 4,3% . However, during the consideration of the draft law by the State Duma, this measure excluded.
Will there be indexation for working pensioners in 2018?
Indexation of pensions in 2018 in Russia will only be carried out for those who are already retired. There are no plans to resume in 2018.
As noted by the head of the Ministry of Finance of the Russian Federation Anton Siluanov, it's connected with growth in real wages in the country, which will continue in 2018 and which will exceed inflation in the country. In this regard, according to the Ministry of Finance, people have more opportunities to increase their income in 2018 than those who are not working. At the same time, it was once again noted that all missed indexations while pensioners continued working will be carried out as soon as they stop working. Until then, they will only rely on pensions, carried out annually from August 1 in an amount not exceeding 3 pension points, according to the paid ones.
Thus, for now in 2018, for working pensioners, it is planned to maintain the same, which was in effect in 2016 and 2017. However, Prime Minister Dmitry Medvedev proposed returning to the discussion of this issue back in the spring. In this regard, on September 18, Deputy Prime Minister for social issues Olga Golodets proposed holding another separate meeting on this issue, taking into account the interests of all interested parties.
Increase in social pension in 2018
Disabled citizens in accordance with Art. 25 federal law “On state pension provision in the Russian Federation” are indexed in proportion to the increase in the cost of living for pensioners over the past year. The indexation coefficient is determined in March immediately before its implementation and is approved by a separate Government Resolution.
In this regard, the percentage of increase in social pensions can now be given very tentatively. As the head of the Ministry of Labor announced on September 18 Maxim Topilin, their indexation from April 1, 2018 is tentatively planned at 4.1%(forecast).
Every year, the Russian Government increases and indexes pensions, and the Russian Pension Fund tries to simplify their assignment and receipt as much as possible. Read everything that awaits Russians regarding pensions in 2018 in this news review.
Pensions and other social benefits will increase
Let us say right away that a number of events and changes will occur in the pension system in 2018 that will affect all participants in the compulsory pension insurance system - current and future pensioners. But first, about raising pensions.
On December 28, 2017, Vladimir Putin signed Law No. 420-FZ, which establishes the indexation of pensions in 2018. Moreover, this latest pension news for 2018 is not the most joyful. The fact is that in 2018 pensions will be increased only ONCE - from January 1. Their additional increase from April 1 was unexpectedly canceled for many.
Initially, it was planned to increase state pensions, including social ones, by 4.1% from 04/01/2018 (for disabled children, people with disabilities since childhood, group I, etc.).
From 01/01/2018 (and not from February, as before), insurance pensions of non-working pensioners will be indexed by 3.7%. According to the schedule, some pensioners received increased pension already at the end of December 2017.
Thus, the value of the fixed payment after indexation is 4982.9 rubles per month, and the cost of the pension point is 81.49 rubles. As a result, the average annual old-age insurance pension will increase to 14,075 rubles, and for non-working pensioners - to 14,329 rubles.
By general rule The state must index insurance pensions to the inflation that occurred last year. However, in 2018 they will be increased by more than the 2017 inflation rate.
Pensions will be increased the most in 2018 for former prosecutors and investigators: by 30%.
As of 2017, an ordinary retired district prosecutor receives approximately 20,000 - 22,000 rubles. From 2018, his pension will be approximately 26,000 - 29,000 rubles. The amount of additional payment to the pension depends on the rank of the deceased. It will be credited on February 1, 2018.
In addition, from 02/01/2018, the monthly inflation rate will be indexed to the 2017 inflation rate. cash payment(EDV), which is due to federal beneficiaries.
Pensioners who worked in 2017 will have their insurance pensions increased by default in August 2018 - the Pension Fund will make their traditional non-declaration adjustment.
The Pension Fund assures that in 2018 there will be no pensioners in Russia with a monthly income below the subsistence level of a pensioner in the region of his residence. All non-working pensioners are entitled to an appropriate social supplement to their pension.
Assignment of pension in 2018
According to the difficult pension formula, which has been operating in Russia since 2015, to obtain the right to insurance pension for old age in 2018, 2 conditions must be met:
- have at least 9 years of experience;
- 13.8 pension points.
The maximum number of pension points that can be received in 2018 is 8.7.
The so-called expected payment period when calculating a funded pension in 2018 is 246 months. Let us explain: the Pension Fund uses this indicator only to determine the amount of the funded pension, and the payment of the pension itself is for life.
In practice, every Russian can apply for any type of pension without leaving home:
- through your personal account on the Pension Fund website;
- on the government services portal.
On the same electronic resources you can change the pension provider. These are the 2 most popular electronic services among visitors to the Pension Fund website.
To assign a pension and choose how to receive it, all you need to do is register on the unified government services portal. Additional registration on the Pension Fund website is not required.
The main type of pension in Russia in 2018 is insurance. About 40.35 million people receive it in 2018. Another 4 million pay pensions as part of state support.
New pension for “foundlings”
Something completely new in the Russian pension system since 2018 is the emergence of a new type of pension. It is reserved for children whose both parents are unknown.
The reason for the introduction of this social pension is that children whose parents are unknown (“foundlings”) were a priori placed in an unequal financial position compared to orphans. Thus, children without parents were not entitled to a survivor's pension, since in the legal sense they never had parents.
The Pension Fund assumes that approximately 4,000 children will receive this pension.
Indexation of pension immediately after dismissal
Everyone knows that since 2016, working pensioners have received an insurance pension without taking into account indexations. And if the pensioner stops labor activity, he begins to receive a full pension, taking into account all indexations that occurred during the period of his employment.
In 2016 and 2017, the practice was as follows: the Pension Fund began to index the pension and begin paying it in full size 3 months from the date of dismissal. From 2018, this procedure will also take 3 months, but the pensioner will be reimbursed.
The new mechanism for paying a full pension to a pensioner who has left work is described in the example below.
Example
Shirokova left her job in March 2018. In April, the Pension Fund received reports from her employer. According to her, Shirokova is still registered with the company. In May, the fund receives reports for April, in which Shirokova is no longer listed among the staff.
In June, the Pension Fund decides to resume indexation of pensions. In July, Shirokova will receive a pension in full, as well as the monetary difference between the previous and new pension amounts for the previous 3 months - April, May, June.
Thus, Shirokova will begin to receive a full pension after the same 3 months from the date of dismissal, but they will be compensated to her.
Moratorium on pension savings extended to 2018
An important element of the 2018 pension reform is that the suspension of the formation of pension savings was legally extended for 2018. Please note that this is not a “freeze of pensions” or a “seizure of pension savings”, which irresponsible media or scammers may scare Russians with.
The essence of the current moratorium on the formation of pension savings is that those 6% of insurance contributions that could go to a funded pension are addressed to the formation of an insurance pension. As a result, whatever one may say, all insurance contributions made by the employer for his subordinates are fully involved in the formation of the pension.
The moratorium does not in any way affect the right of a citizen to transfer pension savings to management companies or from one pension fund to another. But keep in mind that changing the pension fund more than once every 5 years is unprofitable: this reduces the accumulated investment income.
Pilot project completed
On June 28, 2017, the Pension Fund completed a pilot project to accept electronic applications from certification centers to change insurers. Namely, about the transition (early transition):
- from non-state pension funds to the Pension Fund;
- from the Pension Fund to non-state pension funds;
- from one NPF to another.
This practice will not be continued in 2018, which in no way limits the ability to submit applications in person:
- to the territorial offices of the Pension Fund of Russia;
- through multifunctional centers (MFC/My Documents);
- V in electronic format through the government services portal.
- in your personal account on the Pension Fund website.
New functionality of your personal account on the Pension Fund website
In December 2017, application filing services were launched in a citizen’s personal account on the Pension Fund website:
- on termination/resumption of pension payments;
- about refusal to receive/restoration of pension payment;
- about receiving a duplicate of SNILS.
In addition, the service Pension calculator» became available not only on the Pension Fund website, but also on the government services portal.
In 2017, the Pension Fund completed the development of the EGISSO platform (Unified State Information System social security), put it into operation and connected the necessary government authorities to it. The launch of EGISSO into commercial operation is from January 2018. Also in 2018, a service was launched on the government services portal to provide citizens with information from the Unified State Information System.
The expected downturn in the economic crisis in 2018 will entail a number of changes that will also affect the pension fund. Pension Fund in 2018 expects an increase in revenue, but even this phenomenon will not be able to cover the costs, the amounts of which officials have already determined in the budget of this organization for 2017-2019.
As for the innovations, the first of them will be a single rate of insurance contributions to the Pension Fund, which will be calculated from the entire wages. In addition, they say that in 2018 the cost of living will be lower for non-working citizens.
Anton Siluanov, the current head of the Ministry of Finance of the Russian Federation, announced that with the advent of 2017 the country will begin to prepare for a large-scale pension reform, which will continue into 2018. Judging by his statements, this system will allow “unfreezing” funded pensions, at the same time, will bring with it some changes.
Starting from the next financial year, citizens of the Russian Federation will be able to decide for themselves what percentage they are willing to contribute to a future pension, without taking into account the 22% that the employer is required to contribute for them. Siluanov noted that upon retirement, Russians can count on a payment of 14 thousand rubles, however, those who want to receive more must provide for additional expenses on their part during their working career.
Most likely, citizens will be required to make contributions to their personal “capital”: a special account in commercial banks or non-state pension funds - reliable organizations protected by the same means as today’s deposits. Perhaps the officials are hinting at the DIA deposit insurance system that is currently operating in the country.
Once a person reaches the established threshold, he will be able to withdraw part and spend the money on treatment, and bequeath part of the funds.
Considering all the advantages of this system, the Ministry of Finance is confident that every year more and more citizens will join it. Based on the statements of representatives of the departmental organization made earlier, the scheme according to which the system will operate is as follows:
- In the first year of implementation, 1% of Russians’ salaries will be withheld into their pension accounts.
- Starting from the second and subsequent years, the interest rate will increase from 2% to 6%.
Note that this 6% (it can be reduced or completely abandoned) will help the state co-finance expenses, as well as significantly reduce the contribution to the Pension Fund.
Pension Fund budget for 2018
Most recently, the Russian government was considering the draft budget of the Pension Fund for 2017 and for the planned years 2018-2019. Already in the first reading, the draft budget was approved.
Based on this document, the projected income to the Pension Fund for 2018 will be 8.53 trillion. rubles, at a time when expenses from the Pension Fund will approach the 9 trillion mark. rubles The projected budget deficit in 2018 will be 196.7 billion rubles. Officials intend to cover this deficit with transfers from the state budget.
Tariff of social contributions to the Pension Fund of the Russian Federation
In the second and third readings, State Duma deputies adopted a bill that will keep the rate of insurance contributions to extra-budgetary funds at the level of the 2015-2017 rate.
The bulk of insurance premium payers will continue to contribute 30%: to the Pension Fund - 22%, social insurance - 2.9%, the federal compulsory medical fund. insurance – 5.1%. In the case where the tax base for one individual more than the maximum base for calculating insurance premiums - 624 thousand rubles per month, then the employer will have to pay an additional 10% of the excess amount to the Pension Fund budget.
The State Duma believes that such a policy will be able to “maintain the rate of insurance premiums at a level of insurance burden acceptable for economic entities,” and this is exactly what is provided for in the Long-Term Development Strategy pension system Russia.
What will happen to social pensions?
The size of the pension, and in particular its ratio to the cost of living, will begin to decline sharply in 2017-2019. As for social pension payments, then next year they will be below the subsistence level - the old-age pension will decrease by 12.5%.
The level of income of domestic pensioners is under threat. The head of the Pension Fund, Anton Drozdov, stated in his report that over the next three years, despite the indexation and growth of pensions in absolute terms in relation to the cost of living, they will fall by 12.5%. At the same time, social pensions will generally be “below the bar” necessary for survival in modern Russia.
Note that the cost of living for pensioners is set annually by the government after a study of the consumer basket and statistical data on inflation in the cost of food and non-food products. In each region, the administration sets its own cost of living for pensioners, based on the law on the federal budget.
In 2018, the projected amount of the old-age pension will be 14,045 rubles (the cost of living is 9,364 rubles), and the social pension will be only 97.8% of the future cost of living, namely 9,159 rubles.
The Accounts Chamber of Russia proposes to merge state off-budget funds, in particular the Pension Fund of Russia (PFR), the Social Insurance Fund (FSS) and the Compulsory Medical Insurance Fund (MHIF) into a single state off-budget fund. This was stated by the Chairman of the Accounts Chamber Tatiana Golikova, speaking at the IX Gaidar Forum.
According to her, it is necessary to “eliminate the need to create parallel information systems by all three state extra-budgetary funds.” “The resources they spend on informatization are quite large,” Golikova noted. “We risk proposing to consider the issue of creating a single organizational structure - a single state extra-budgetary fund that would unite all these funds,” TASS quotes her.
The head of the Accounts Chamber indicated that, according to the experience of most similar institutions in the world, the unified compulsory social insurance fund should become a unique management structure, not in the state, but in public ownership. “Part of the budget of this fund, namely insurance premiums, is administered by the Federal Tax Service, and it will remain such an administrator,” she explained. “We are talking about the distribution of those resources that come as revenue,” Golikova added. “We believe that this form should be reflected in the Civil Code,” said the chairman of the Accounts Chamber.
Golikova believes that the creation of a unified structure will help build the management of a fundamentally new social insurance fund on the basis of social partnership, increase the transparency of its work, and also increase the level of public trust.
Also, the Chairman of the Accounts Chamber reported that currently state extra-budgetary funds administer 143.8 billion rubles. These funds are fully provided by insurance premiums.
As one of the authors of the initiative, vice-rector of the Academy of Labor and social relations Alexander Safonov, when implementing this initiative, a certain transition period will be required, which will last at least ten years.
“Within this period, it is necessary to first carry out an audit of the existing insurance systems in Russia, since now we have too diverse a scheme. There are persons for whom contributions are paid in accordance with the full tariff; this applies to medical, pension, and social insurance. And There are industries in which certain benefits are unreasonably applied, which are then not covered by the federal budget, which significantly impairs the ability to realize the social rights of citizens,” the expert said.
According to him, it is therefore necessary to create a unified database for recording persons in respect of whom these funds provide official services, that is, working and non-working citizens. “Such a fund will make it possible in the future to create a flexible format for the participation of various groups of the population that currently do not participate in the social insurance system for various reasons. For example, we are talking about individual entrepreneurs who do not formalize their status, actually work in network employment, but would like to receive a full package of social services in the form pension provision, health insurance. However, today the existing system does not provide them with preferential opportunities to pay contributions. But it would be possible to do this without registering a legal entity, by directly depositing money into cash registers, with subsequent distribution,” explained the author of the initiative.
“Thus, Russia is moving into a completely different format of employment and economy, where people will be able to move between different industries, types of economic activity, between regions: the creation of a unified database will make it possible to realize the right of a citizen to receive services of the same quality in all constituent entities of the Russian Federation, especially for medical insurance," said the vice-rector of the Academy of Labor and Social Relations.
Alexander Safonov drew attention to the flexibility of the new system, which will ensure the rights of different categories of the population. “After all, for some, medical insurance is more important, and for others - pension, for others - insurance in case of temporary disability. Merging the fund, creating a single reserve will allow in the future to form the same approach as exists with CASCO car insurance: a person himself chooses a certain amount in excess of the minimum stipulated by law, additional guarantees that may arise as a result of the redistribution of funds,” he said
“For example, you are running some kind of business and you think that your property, which you will sell or rent out at the end of this activity, will allow you to have a fairly good income. But at the same time, for example, you are concerned about your health. And you To a greater extent, you want your funds that you contribute to the joint fund to be redistributed in order to protect you or your loved ones from all kinds of diseases. Within the framework of the united fund, such movements, such redistribution can and should be carried out. This will make the system more flexible, more flexible. transparent, and most importantly, it will also reduce the cost of doing business, because today, in fact, there are three administrative offices overlapping each other, and these are three different shapes reporting, three different accounting bases,” the expert said.
“The United Fund will, in principle, allow us to refuse the services of insurance companies and save another 40 billion rubles a year for these purposes,” concluded Alexander Safonov.
In 2018, the government plans to discuss the transformation of the Pension Fund into a public company - with the opportunity to invest free money and accumulate reserves. Employers and trade unions will be involved in managing the fund
Chairman of the Board of the Russian Pension Fund Anton Drozdov (Photo: Vladimir Fedorenko / RIA Novosti)
The government is discussing the possibility of transforming the Russian Pension Fund (PFR) into a public company, three people familiar with the discussion told RBC. At the first stage, it is proposed to create a governing body of the Pension Fund on a tripartite basis - with the participation of the state, representatives of trade unions and employers.
The new legal status would allow the Pension Fund to become more independent from the budget, would make it possible to increase reserves and place them in the assets of companies to generate additional profit, experts interviewed by RBC explain. The government will begin discussing a bill clarifying the legal status of the Pension Fund in the fall of 2018 (this, like the tax maneuver and the system, will already be issues for the next government). The financial and economic bloc is opposed to greater independence of the Pension Fund, a source in the government apparatus explained to RBC.
What is a public company?
The possibility of granting the Pension Fund the status of a public company (of which there are practically no such companies in Russia yet) began to be discussed by ministries together with social partners about a year ago, says a source familiar with the discussion.
The Law “On Public Law Companies” (PPC), signed by the President in July 2016, defines uniform rules for the creation and operation of state corporations and state-owned companies. “State corporations began to multiply, and a separate federal law was written for each of them. There was a need to provide a uniform basis for them. Relatively speaking, so that each state corporation functions on a common foundation with another state corporation,” Mikhail Alexandrov, partner at the A2 law office, explained to RBC.
All state corporations and state-owned companies should have been reorganized into public law companies, with the exception of Vnesheconombank, the Deposit Insurance Agency, Rostec, Rosatom and Roscosmos, says the head of the “commercial disputes” department of the law firm “Rustam Kurmaev and Partners” Vasily Malinin. As follows from the law, a public company is a non-profit organization with the right to invest free money on the principles of repayment, profitability and liquidity. “PPK can perform a wider range of tasks than state corporations or state-owned companies, which often have inappropriate legal regulation activities,” adds Sergei Litvinenko, lawyer at the Delovoy Farvater bureau.
PPK has the right to acquire assets, open bank accounts and enter into bank account/deposit agreements, create commercial and non-profit organizations. Such a company can form its own reserve fund. The law also stipulates the possibility of the President of Russia directly exercising various powers in relation to public law companies.
According to the counterparty verification portal egrul.nalog.ru, now there is only one public law company - the “Fund for the Protection of the Rights of Citizens - Participants in Shared Construction”. According to Litvinenko, a public company is a declarative rather than a legal form that is actually used and works in practice.
Transformation of the Pension Fund of Russia
“About a year ago, a decision was made to study the issue of the possibility of regulating the status of the Pension Fund, based on the provisions of the federal law on public law companies; there is still no final version [of the bill]. Discussions continue between the Ministry of Labor, the Ministry of Finance, the Ministry of Economic Development, trade unions and employers’ organizations,” said an RBC source familiar with the discussion.
The idea of PPK status for the Pension Fund is being discussed “as one of the options,” confirms Chairman of the Federation of Independent Trade Unions of Russia Mikhail Shmakov, but first of all, according to him, it is important to introduce management of the fund on a tripartite basis - with the participation of the state, representatives of trade union organizations and employers.
“It’s impossible to say unequivocally whether this (the transformation of the Pension Fund into a public company) is bad. — RBC) or good, there are pros and cons, but in any case, in the first place, the management basis should be tripartite, and then choose the form - a public company or in the form of a joint stock company, this is, in fact, what we are talking about now. There are supporters of one option, and there are supporters of the second option. There is no decision yet,” Shmakov told RBC. He emphasized that the parties participating in the discussion cannot agree and build a structure that would satisfy everyone and be workable.
Discussions on transforming the Pension Fund of Russia into a public company continue, President of the Russian Union of Industrialists and Entrepreneurs Alexander Shokhin told RBC. He agrees with Shmakov: at the first stage, the management of the Pension Fund can be transferred to a tripartite basis.
The draft law on tripartite management was prepared by the Pension Fund, but could not go beyond the limits of interdepartmental coordination, PFR Chairman Anton Drozdov told RBC. “There was an idea to form a fund management body above the executive body in the form of a system based on three parties: representatives of employees, employers and the state. We prepared such a bill several years ago, but then various proposals appeared (specifically from these parties) that the fund should have greater independence and greater autonomy from the budget in terms of insurance premiums. And here difficulties began to arise, since questions of ownership of these contributions and so on arose. We have not yet been able to agree, including with these parties, on all the nuances of this division, so the discussion will continue in next year", said Drozdov.
“The main question is how viable such a (tripartite) system will be,” notes Elena Grishina, head of the laboratory for research of pension systems and actuarial forecasting of the social sphere at RANEPA. “The main feature of our country is that, unlike other countries, we have rather weak trade unions, so the question is how much the trade unions will be able to defend the rights of workers,” says the expert.
On the other hand, the influence of employers may lie in the fact that they, for example, can talk about reducing the burden on the business, reducing contributions, and employees, on the contrary, should be interested in their pension capital being larger, Grishina adds.
Photo: Alexander Kolbasov / TASS
Pension fund without a single status
The Regulations on the Pension Fund were approved by a resolution of the Supreme Council of the RSFSR in December 1991. In it, the fund was defined as an independent financial and credit institution, performing functions related exclusively to the financial component of the pension system (collection and accumulation of insurance contributions, control over the receipt and expenditure of funds).
In 2001, the Constitutional Court indicated that the Pension Fund essentially performs the functions of an insurer, that is, it manages funds for compulsory pension insurance (OPI) and ensures the appointment and payment of pensions - therefore, it is endowed with public authority. The Law “On Compulsory Pension Insurance in the Russian Federation” in December 2001 established that the Pension Fund of the Russian Federation is an insurer under compulsory pension insurance, and determined its organizational and legal form as a state institution. Later, in 2009, the law on insurance contributions to extra-budgetary funds gave the Pension Fund the functions of monitoring and supervising the payment of social contributions. Subsequently, 18 regulations were adopted to provide public services to the Pension Fund of Russia.
Thus, the Pension Fund does not have a single constituent document that would set out all its actual powers and organizational and legal form. A draft federal law harmonizing all legislative acts and clarifying the legal status of the Pension Fund should have been prepared and submitted to the government in March 2014, as follows from the schedule for implementing the strategy for the development of the pension system. In December 2017, the government postponed discussion of the legal status of the Pension Fund until October 2018. The Ministry of Labor of RBC explained the postponement by “existing disagreements on the very approaches to resolving this issue.”
It has not yet been possible to reach an agreement
Discussion of the bill on the status of the Pension Fund has been postponed until 2018 due to disagreements in the government; the financial and economic bloc opposes greater independence of the Pension Fund, a source in the government apparatus told RBC.
Granting the Pension Fund the status of a public company will allow it to begin to form and accumulate reserves, believes Alexander Safonov, vice-rector of the Academy of Labor and Social Relations. “The pension fund is gaining greater opportunities to act independently of the state. All the same, it is impossible to extract the state from this process, but in in this case the fund becomes more independent, has the right to place its reserves and increase them. Everywhere in the world, one of the sources of overcoming demographic waves and economic crises is the formation of reserves and their placement in the assets of companies, including foreign ones, in order to receive additional profit,” says Safonov.
Currently, the Pension Fund does not accumulate reserves, noted Yuri Gorlin, deputy director of the Institute of Social Analysis and Forecasting of the Russian Presidential Academy of National Economy and Public Administration. “The Pension Fund currently has no reserves; there are carryover balances. Everything that the Pension Fund collects, everything it pays out,” Gorlin said.
The Ministry of Finance is against granting the Pension Fund the status of a public law company, says Safonov. “Giving the Pension Fund such a legal status means that it will not be possible to transfer or spend the fund’s funds on non-targeted tasks, it will not be possible to withdraw reserves, which the Ministry of Finance does not really like,” the expert notes. According to him, the Ministry of Finance is trying to consider the funds in the Pension Fund as “funds from a single budget, which allows it to spend available resources more flexibly and close some holes.”
The press services of the Ministry of Finance and the Ministry of Economic Development forwarded RBC's request to the Ministry of Labor. The Ministry of Labor reported that it is too early to talk about any specific organizational and legal form for the Pension Fund. The office of Deputy Prime Minister Olga Golodets did not respond at the time of publication.
