Senator warns US could plot strike against Syria under pretext of alleged chemical attackRussian Politics & Diplomacy June 27, 16:16
Russian, Ukrainian companies' websites under massive cyber attackWorld June 27, 16:14
Seoul mayor presents his 'e-government' urban administration system to TASSWorld June 27, 15:35
Envoy says military dialogue may help ensure safety over Baltic SeaRussian Politics & Diplomacy June 27, 15:13
Rosneft reports massive cyberattack on its serversBusiness & Economy June 27, 15:08
Russia’s advanced drone helicopters to be displayed at defense showMilitary & Defense June 27, 14:56
Russia fully complies with terms of oil production cut deal — Energy MinistryBusiness & Economy June 27, 14:29
Kremlin has no information about pending chemical attacks in SyriaRussian Politics & Diplomacy June 27, 14:26
Russian hi-tech firm to feature submarine Internet technology at St. Petersburg naval showMilitary & Defense June 27, 13:58
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.