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Keyword: privatepensions

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  • State Duma Passes Bill for Investing Pensions

    06/21/2002 3:48:41 PM PDT · by Temple Owl · 4 replies · 204+ views
    Moscow Times.com | 6-20-02 | Torrey Clark
    Thursday, June 20, 2002 State Duma Passes Bill for Investing PensionsBy Torrey Clark Staff Writer The State Duma on Wednesday passed a pension bill in the crucial second reading that sets out the instruments into which a portion of pensions can be invested.The current pay-as-you-go pension system -- already under strain -- is a potential time bomb because the working population is shrinking as the retirement-age population swells. The government hopes to avert a disaster by moving partially to an investment-based system, which could also inject billions of rubles into the capital markets. The bill needs to pass a third...