SERGEI ZHAVORONKOV: IF PEOPLE ARE CALLED ON TO MAKE SAVINGS THEY SHOULD TRUST THE STATE

Sergei Zhavoronkov, Senior Researcher of the Gaidar Institute for Economic Policy took part in the PRAV!DA? Program on the OTR channel.  The topic of the discussion was “The Pension Security in Russia”.
The Government calls on to the working Russians to increase the amount of their pensions by means of personal contributions.  The Ministry of Finance has developed the draft law on “The Guaranteed Pension Product”, which provides for contributions to be made on a voluntary basis and the guarantee of safety thereof in the long-term prospect. Consequently, the pension reform is opening up new prospects. 
The guests of the program discussed the following issues: What one should expect from the novelty? Will it help individuals to realize their rights to a decent pension security?