Russian pension reform difficult to test the water

Russian Federation Pension Fund the main Drozdov (Антон Дроздов) has said that Russia has 12 million retirees (some say 32 million), the federal government will start in the next few days in order to better serve the retirees, 2013 pension reform program to increase treasury funding, pension reform overall is 30% higher, and that up to 12,000 rubles (Russian average retiree pension equivalent to $ 400). 2012 Russian retirees monthly pension of an average of less than 9000 rubles (equivalent to $ 300).

Drozdov said, the real purpose of the 2013 pension reform in Russia, is that the balance of the pension fund budget, is the first step forward to reform the social security system.

A Russian pension reform program goal is to go up by 6.6% on average since February 2013, pension is about 350-370 rubles (equivalent to U.S. $ 11.6-12.3), the disabled 340 rubles (equivalent to 11.3 U.S. dollars) ; second phase of reforms beginning from April 1, 2013, pension increase of 5.1% on average monthly pay increase of 5.5%.

In 2013, the monthly pension of veterans of Russia, the average go up to 2,500 rubles (equivalent to 83.3 U.S. dollars), 2014, will be increased to 2,600 rubles (equivalent to 86.6 U.S. dollars). The amount of pension, in 2013 for people with disabilities to go up to 2000 rubles (equivalent to 66.6 U.S. dollars), will be increased to 2,100 rubles (equivalent to U.S. $ 70) to 2014. In addition, the Russian Ministry of Finance in 2013 for people with disabilities will also allocate 15.6 billion rubles (equivalent to 5.2 billion U.S. dollars) configuration rehabilitation equipment and devices.

Russia's pension system is facing a double crisis in urgent need of reform: First, nearly half of the workers in Russia drifted away from the national pension system, the national school-age workers is 87 million, but only 48 million into the pension fund system, the number of. Moreover, the Russian pension enjoy by age 5 years younger than the minimum pension enjoy in other countries of the world; Second, in June 2012, the Russian Ministry of Finance disclosed pension reform launched in 2013, the The losses of the Pension Fund of the Russian Federation will be up to 86 billion rubles ($ 2.86 billion) equivalent.

Sources with the issuance of the Russian pension, There are two types of ways. In 2002, the office workers to feed non-office workers, deducting a certain percentage of income from every office worker into federal pension funds. In the pension system, the state does not play to pay pensions role, but merely played the role of pension allocation. After 2002, Russia is to change the pension system, the use of personal reserves and national mixed issued. 2012 Russia provides 22% of the workers of every income required reserves left to cover the pension fund, of which 16% for maintenance retirees, 6% for individual retirement reserves.

Russian Deputy Finance Minister Nesterenko (ТатьянаНестеренко) thought, due to the state pension fund deficit, the government had an additional budget for the National Endowment. The pension fund deficit because the person purchases a pension fund can not be re-invested appreciation, leading to serious shrinking of the national pension fund, the ratio of 16% of the pension is not enough reimburse retirees may need to be increased to 22% in order to meet the demand. The end of 2012, Russia's total pension accounts for 2% of GDP, and is rising at an alarming rate.

Pension reform, the first to ease the financial pressure on the federal retirement fund. Nesterenko want employers to find ways to improve the working conditions of workers, and to reduce the possibility of early retirement. Russian Ministry of Labor has also proposed to extend the life of the workers' retirement, the means of austerity retirement fund.

Russian Deputy Prime Minister admit of Goro Jieci (ОльгаГолодец), there is a profound crisis, the Russian pension system reform is imperative, and is currently in the stage of "crossing the river by feeling the stones", the outlook remains unclear. Russian Minister of Labour Tuobi Lin (Максим Топилин) also acknowledged that the Russian pension reform is in the internal and explore mode, external consulting experience in the trial period. Extremely difficult for the Russian government, to promote the reform of the pension system, the current reform program is not yet mature, and there are numerous flaws.