The authorities decided to give the Russians frozen pension savings

Formally, Russia has a mixed pension system. State (insurance), which is formed by working citizens. And cumulative. Russians voluntarily invest their money in it (1-6% of their salary per month) so that a tidy sum runs up over the course of several years and they can meet their old age with dignity, without relying on state indexations.

The funded part, in the image and likeness of world experience, was created in 2003. Citizens born in 1967 and later could participate in it.

Due to their age, this category of the population could create an airbag of financial security, save up extra money to go on a well-deserved rest. Hundreds of thousands of our fellow citizens have shown awareness in this matter and have made monthly contributions to non-state pension funds for 10 years.

Considerable sums ran up. For 10 years, many have accumulated half a million rubles or more. But in 2014, the funded part was temporarily frozen for one year due to current budget difficulties. Then another one, and another one… In general, in Russia there is nothing more permanent than temporary.

The issue of unfreezing those accumulations has been discussed more than once or twice in power structures. But the cart, as they say, is still there. This causes the population to distrust the pension initiatives of the authorities. First they promise the sky in diamonds, and then it turns out as always.

The Ministry of Finance and the Central Bank are ready to distribute these very accumulations to the participants of the accumulation program. So that they, at their choice, but subject to certain conditions, manage money. It is believed that citizens born in 1967 and younger are economically more or less savvy in terms of savings and will be able to invest in those projects that will bring them profit.

Will the new initiative of the authorities work? Plekhanov Ludmila Ivanova-Shvets.

She believes that a person should not unequivocally rely on the state insurance pension. From the beginning of his labor activity, he needs to set aside funds for old age. Indeed, in Western countries, the elderly, thanks to various accumulation programs, provide themselves with comfortable conditions until the end of their days.

– Will the funds that the employee deducted to the funded part be received in “real money”? For some, over 10 years, quite large sums have formed there …

You won’t get anything until you retire. And here are the possible options. After retirement, if the amount is small, it can be received immediately. And in the general case – parts.

– If I have, say, 50 thousand rubles in my savings account, how much will I receive? With some interest? Or since they were frozen, nothing came over them?

– It is difficult to guess here, it is not known in which state or non-state pension fund your account was located. But you will definitely get your 50 thousand. After applying to the Pension Fund, they will be transferred to your account. And you have the right to invest them as you see fit.

– Where – can you advise?

– Anywhere. In stocks, investment accounts, deposits, real estate…

– For example, I would invest in the construction of the Baikal-Amur Mainline – it seems to me that this is a long-term and promising project. I can?

– Risks remain with any investment, there’s nothing to be done, that’s how business works. I’m not ready to tell you anything about BAM, I wasn’t interested. A good option is to make a long-term investment at high interest rates. I recently figured out that a decent amount could run up. If, for example, you put in your 50 thousand rubles and deposit 10-15 thousand rubles into your account every month, then in 20-25 years you will accumulate 5-6 million rubles. This is a good prospect for young people. If you plan to retire a million rubles, you can put 5 thousand a month into the account.

– Are there any other options?

– If you do not want to play long with the bank, buy shares of enterprises. There are many companies in Russia that pay good dividends.

– If we are allowed to “privatize” the savings money and invest it as we choose, is it good or bad?

– Of course, it’s better than if they were still frozen.

– When such a system can work?

– The question must be prepared carefully – so that it inspires the confidence of the population. We need an impetus for implementation, and in a few months, maybe before the end of this year, such a law can be adopted. But to implement a working mechanism, it will take more time. It is necessary to link financial structures and employers, to create a system. But I don’t think the process will take years.