Boxing Day on Red Square sets new Guinness recordSport July 23, 8:33
Joseph Dunford says Russia most military capable country of those posing threat to USWorld July 23, 4:57
Russia’s US envoy Kislyak steps down, his deputy to act as Charg d'Affaires ad interimRussian Politics & Diplomacy July 23, 1:33
Putin greets KamAZ-Master team - winner of Silk Way RallySport July 22, 15:20
Agreements on East Ghouta zone in Syria signed - Defense MinistryWorld July 22, 14:20
PAK FA offers practically unlimited opportunities to pilot - commanderMilitary & Defense July 22, 11:29
Ukraine's National Broadcasting Board issues fine to Public Radio for 0% Urkainian songsWorld July 22, 5:39
Femen movement activists faces 5 years in jail for trying to frustrate summit meetingWorld July 22, 4:38
Russian Deputy PM dismisses allegations he will arrive in Moldova on warplaneRussian Politics & Diplomacy July 22, 2:46
MOSCOW, September 28. /TASS/. Information that Russian citizens lost over 70 bln rubles ($1.1 bln) in private pension funds (PPF) is contrary to facts because the retirement savings guarantee system stipulates compensation of paid contributions by par value, the Bank of Russia said on Wednesday.
Russians lost 74.5 bln rubles ($1.2 bln) during the last year and in the beginning of this year in the contributory pension system, Deputy Prime Minister Olga Golodets said earlier today.
"Information that citizens lost over 70 bln rubles ($1.1 bln) in private pension funds is at variance with facts. The guarantee system stipulates compensation of paid contributions by par value. The Bank of Russia transfers that money to accounts of citizens with the Pension Fund of Russia. The Bank of Russia compensated 66.7 bln rubles ($1 bln) of retirement savings to citizens to date, including 16.5 bln rubles ($258.8 mln) for PPF with revoked licenses," the regulator said.