1 Aug 2016 09:40

Pension Fund transfers for funded part of pensions not budgeted yet for 2017-2019

MOSCOW. Aug 1 (Interfax) - The Finance Ministry has not yet factored transfers to the Pension Fund of Russia (PFR) for the funded portion of the pension system into its budget projections for 2017-2019, Deputy Prime Minister Olga Golodets said.

"No, they're not factored in. The Finance Ministry has set limits that do not include transfers," Golodets told reporters on Friday in response to a question from Interfax.

She did not specify whether the transfers are expected to be included in the projections in future or whether contributions to the funded portion of the pension system might be frozen.