The concept of individual pension capital submitted to the government
The concept involves the introduction of a system whereby instead of employer contributions will do the employee.
MOSCOW, may 25. /TASS/. The concept of individual pension capital submitted to the government, told reporters in the state Duma, Deputy Finance Minister Alexei Moiseev.
“The concept was already introduced (the government — approx. ed.)”, — he said.
The concept of individual pension capital (PKI) developed by the Bank and Ministry of Finance suggests auto-connect citizens to the formation of pension savings. That is, instead of the employer contributions will do the employee.
It is assumed that people applying for a job will be automatically recorded by the employer in the PKI system. Employers in turn will automatically deduct up to 6% of the employee’s salary to a private pension Fund (NPF) to his personal account. While people still have the opportunity to unsubscribe.
Encourage employers to participate in the system offers benefits in the amount paid by the employee contributions the company receives a deduction for income tax.
The system of individual pension capital must earn not later than January 1, 2019.