Commissioner for Human businessmen Boris Titov Russian, head "growth of the party", I made a proposal regarding one aspect of a possible pension reform. According to Boris Titov, in Russia it is time to abolish the pension fund, since the conduct of the work of this structure remains opaque.
During the meeting with journalists, a former candidate for president of Russia declared that, that today the technology advanced enough to, to all work, which fulfills the FIU, It is transparent to the public.
RIA Novosti quoted Titov:
Modern technologies allow, of course, dispense with these bulky, not always transparent organizations as the Pension Fund (…) This is already a superfluous organization, which effectively pulls money, and therefore it could be of it to completely abandon.
Boris Titov says, that FIU functions eventually could be passed, eg, Roskaznacheystvu. Business Ombudsman notes, the Treasury conducted a serious IT-Modernization and can carry much more effective control of the means in the form of pension savings, than the pension fund in its present form.
Actually, hard not to agree, that the work of the FIU looks "absolutely transparent". While opacity and add more reforms, are afoot, but not brought to the end, passing already in the new reform initiatives with the complete elimination of the previous.
In some countries, the Pension Fund is not really. Funds for future pension payments are simply deducted from the income of a citizen to a personal investment account closed. In this case, means people can use after retirement. Besides, money in the bank – inheritable asset.
