Transfers from the budget to the pension Fund will not grow, said Siluanov

© RIA Novosti / Ilya Petliurite in fotomancer of Finance of the Russian Federation Anton Siluanov. Archival photoTransfers from the budget to the pension Fund will not grow, said Siluanov© RIA Novosti / Ilya Petliurite the image Bank

The transfers from the Federal budget to the pension Fund from the reduction of insurance contributions for compulsory pension insurance will not increase, told reporters the first Vice-Premier, Finance Minister Anton Siluanov.

«It does not increase as today we provide transfer FIU at a reduced rate from 26% to 22%. And this transfer has been, and will remain,» — said Siluanov.

The government of the Russian Federation informed on Thursday proposed on a permanent basis to fix the rate of insurance contributions for compulsory pension insurance in the amount of 22% from the maximum assessment base for paying contributions and 10% exceeding the limit. Currently a constant rate for pension insurance is 26%.

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