The head of the Russian Ministry of Finance, Anton Siluanov, will participate in the long-term savings program for citizens who will start working next year. The minister said this in an interview with the TV channel. “Russia 24”.
“I will definitely participate in these savings,” said Siluanov, adding that the program was developed by his department together with the Central Bank.
The Minister noted that within the framework of the program it will be possible to accumulate funds, for example, for important events in life.
“Or you can save to have extra income in retirement,” he said.
The voluntary long-term savings program will begin operating in 2024. To participate, you must have an agreement with a non-state pension fund (NPF) for at least 15 years. At the end of this period, citizens who turn 55 for women and 60 for men will have the right to receive payments for at least 10 years or for life.
In mid-December, Olga Daineko, an expert at the Research Institute of the Ministry of Finance of the Russian Federation and the portal “Myfinance.rf” said “socialbites.ca” how Russians can increase their pensions in 2024. According to him, first of all you need to be officially employed and receive a standard salary,
Additionally, if you don’t have enough experience and points, you can “buy” more experience and points or retire later than expected. The fourth and fifth methods are non-state pension provision and long-term savings program.
Previously Siluanov named My favorite cartoon about financial literacy.