Authorities revealed details of the new pension system

After several years of legislative deliberation, the government decided on the model of the new accumulative pension system. It was decided to call a «guaranteed pension plan» (GPP) and run on a voluntary mode parallel to the current system of mandatory insurance (OPS). This means that the working population will continue to contain current pensioners, but will be able to defer a portion of income for retirement only to himself. Citizen of such a market, the Treasury promises the increase of funds for old age, but the state has an interest.

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