EconomyRussia’s Finance Ministry proposes automatic transfer of pension savings to long-term savings program
Russia’s Finance Ministry has drafted a bill to automatically shift funded pension savings into the long-term savings program from April 1, 2027. The proposal covers “silent” savers and clients of non-state pension funds, involving 6.6 trillion rubles. It is due for government commission review and is expected to reach the State Duma in early November.
Russia’s Finance Ministry proposes automatic transfer of pension savings to long-term savings program