Diplomat says US sanctions may destroy prospects for better relations with RussiaRussian Politics & Diplomacy July 26, 10:08
Survey suggests Russians showed little interest in Nemtsov murder caseSociety & Culture July 26, 8:33
Military aviation deployed in Kazakhstan and Russia's Siberia ahead of Soyuz launchScience & Space July 26, 7:21
US denies arms supplies to Ukraine — State Department spokespersonWorld July 26, 7:12
UN Security Council blocks statement condemning attack on Russian embassy in DamascusWorld July 26, 4:27
Russia looks into its citizen’s removal from domestic US flightWorld July 26, 3:43
US House of Representatives passes bill to toughen sanctions on RussiaWorld July 26, 1:09
Diplomat blasts US media reports on Russia's alleged arms supplies to TalibanRussian Politics & Diplomacy July 25, 21:39
Putin, Iraqi vice-president discuss possible supplies of T-90 tanksMilitary & Defense July 25, 21:18
NEW YORK, October 7. /TASS/. The Bank of Russia in cooperation with the World Bank is developing the new pension support system that will be an alternative to the funded one, First Deputy Chairman of the Central Bank Sergey Shvetsov said on Wednesday.
"We are currently working on the new system, we are not yet ready to present it but I think we will do so in the coming month. The World Bank will be engaged for consulting," Shvetsov said.
This will be the system making possible for citizens to have a "normal replacement ratio," Shvetsov added. "We are trying to develop an alternative that will be less costly for the budget but no less efficient from the standpoint of the amount of raised funds of the population for further increase of the replacement ratio," he said.
The system most probably will not be fully voluntary, Shvetsov added.