A proposal to liquidate the Pension Fund of Russia was announced.
During a meeting with journalists, the ex-presidential candidate of Russia said that today technologies are sufficiently developed to ensure that all the work done by the FIU is transparent to the public.
RIA News quotes Titov:
Boris Titov notes that the functions of the FIU could ultimately be transferred, for example, to the Russian Treasury. The Business Ombudsman notes that the Treasury has carried out serious IT rearmament and can exercise much more effective control over the funds in the form of pension savings of citizens than the Pension Fund in its current form.
In fact, it is difficult to disagree with the fact that the work of the FIU looks "not quite transparent." At the same time, non-transparency is also added by reforms that are being undertaken, but are not being carried through to the end, passing already into new reform initiatives with the complete elimination of the previous ones.
In some countries, the Pension Fund is indeed absent. Funds for the future payment of pensions are simply deducted from the income of a citizen to a personal closed investment account. In this case, citizens can use the tools after retirement. In addition, funds in a bank account are inheritable assets.
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