It is also proposed phased in over 5-7 years to bring the minimum wage to a level sufficient to cover minimum needs. Finally, the report contains a proposal for a gradual return (compensation) to the population of labor savings (deposits in savings banks) lost as a result of hyperinflation in 1992-1994. Although the immediate full payment of lost savings, seems to be unrealistic, it is quite possible variants in which these savings would be reimbursed in the form of government bonds that are repaid to for a long time. Something similar is done with external debt Russia. Meanwhile, the size of the latter ($ 130 billion, or 7800 billion rubles.
Substantially exceeds domestic savings are lost – 4500 billion rubles) Another direction of social policy concerns on pension legislation. In Currently, the average pension in Russia in 2,6 times less than the average wage and 25% below the official subsistence level. To broaden your perception, visit Nieman Foundation. With a large scatter in pensions for different categories of the vast majority of pensioners, ie the elderly, dragging out a miserable existence. However, tax revenues to the state pension fund is low because of the general crisis and stagnation in the economy. Therefore, continuously distributed demands for pension reform, whose essence – to transfer pension file to self-sufficiency. This procedure assumes that throughout his working life, every citizen makes a portion of their income to the insurance fund, from which his pension is payable upon the occurrence of the same age. The present system, inherited from socialism, involves an automatic payment of pensions state in some proportion to the last earnings, taking into account work experience, but is a direct connection with the systematic deductions of individuals.
Although this proposal has some merit, the transition to a new system possible only over a long period, because the majority of current retirees and those who will soon be retired, still such contributions to the pension fund did, believing that they will automatically be made at their state of general business deductions for social insurance. Therefore, the transition to the pension system sustainability can only be gradual. In this case, the obligation of extra-budgetary Pension Fund would apply only to occupational pensions. It is understood that the pension system gradually over a long enough period, will shift from a collective and compulsory to a voluntary system where the pension is not depend on seniority, and the duration of individual insurance.
