The Central Bank of Russia expects that the long-term savings program (LTS) for the population, through which citizens can send their retirement savings, among other things, will start working from January 1, 2024. The agency wrote about it DEA News referring to the press service of the editor.
“Long-term savings program is a savings product that will enable citizens to earn additional income in the future or create a “safety cushion” in their private life situations. <…> The Central Bank assumes that the program will start operating from January 1, 2024.
It was noted that Russians can participate in the program voluntarily. Citizens create long-term savings through voluntary contributions.
Also, as the regulator notes, employers can contribute to long-term savings. It also provides state co-financing of up to 36 thousand rubles. every year for three years.
Early April 24, RBC online edition citing sources WroteHe said the Ministry of Finance and the Bank of Russia had sent a bill to the government on a long-term savings program.