Retirement age can completely eliminate
The famous politician and businessman Boris Titov made an unexpected proposal regarding the retirement age. This is not about raising or lowering it, but about the complete abolition.
The essence of his idea is that Russian citizens retire not after reaching a certain age, but after accumulating the agreed number of years of experience.
Titov believes that increasing the retirement age will not lead to stabilization of the Pension Fund budget. Experts of the Institute under his control economics Growth is predicted by an increase in government pension spending, which will inevitably lead to the formation of a hole in the FIU. The reason for this they see in the growth of unemployment among citizens whose age is approaching retirement. Thus, a considerable part of the funds saved at a later retirement of citizens will go to the payment of unemployment benefits.
Titov proposes to establish a 30-year minimum retirement experience. It is only a joint pension and does not apply to its funded part. If desired, a citizen can go on a well-deserved rest ahead of schedule, but he will have to “buy” the missing experience.
According to various sources, in Russia from 15 to 30 million able-bodied citizens cannot confirm their experience. And these are not unemployed. Some of them work without official registration, others are representatives of free professions with uneven income generation. On the one hand, they weaken the pension system, and on the other, they cannot count on a decent pension. They could well buy the missing experience and quietly leave for a well-deserved rest.
To reduce shadow employment, Titov proposed reducing employer insurance premiums from 30 to 14 percent. In addition, he introduced the idea of organizing payments directly from the budget to persons who retired before 1992. Simple arithmetic shows that there are few of these in our country.
These Titov's proposals are not yet the most revolutionary. A little earlier, he proposed to abolish the Pension Fund altogether and transfer its functions to the Federal Treasury.
It is not known whether at least one of the proposals will be accepted, and how the Russians will accept these proposals. At the moment, the pension reform program already exists and, most likely, will be implemented. The Russian parliamentarians passed the bill on a phased increase in the retirement age in the first reading, after which they went on vacation with a sense of accomplishment.
The essence of his idea is that Russian citizens retire not after reaching a certain age, but after accumulating the agreed number of years of experience.
Titov believes that increasing the retirement age will not lead to stabilization of the Pension Fund budget. Experts of the Institute under his control economics Growth is predicted by an increase in government pension spending, which will inevitably lead to the formation of a hole in the FIU. The reason for this they see in the growth of unemployment among citizens whose age is approaching retirement. Thus, a considerable part of the funds saved at a later retirement of citizens will go to the payment of unemployment benefits.
Titov proposes to establish a 30-year minimum retirement experience. It is only a joint pension and does not apply to its funded part. If desired, a citizen can go on a well-deserved rest ahead of schedule, but he will have to “buy” the missing experience.
According to various sources, in Russia from 15 to 30 million able-bodied citizens cannot confirm their experience. And these are not unemployed. Some of them work without official registration, others are representatives of free professions with uneven income generation. On the one hand, they weaken the pension system, and on the other, they cannot count on a decent pension. They could well buy the missing experience and quietly leave for a well-deserved rest.
To reduce shadow employment, Titov proposed reducing employer insurance premiums from 30 to 14 percent. In addition, he introduced the idea of organizing payments directly from the budget to persons who retired before 1992. Simple arithmetic shows that there are few of these in our country.
These Titov's proposals are not yet the most revolutionary. A little earlier, he proposed to abolish the Pension Fund altogether and transfer its functions to the Federal Treasury.
It is not known whether at least one of the proposals will be accepted, and how the Russians will accept these proposals. At the moment, the pension reform program already exists and, most likely, will be implemented. The Russian parliamentarians passed the bill on a phased increase in the retirement age in the first reading, after which they went on vacation with a sense of accomplishment.
Information