12 votes

Russia confiscates private pension funds

It is in the WSJ.

Roughly 7 billion dollars worth that will be transferred into government funds

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Detroit proofing Russian Pensions?

Maybe this is what Putin is up to.

Time will tell.

I'll put a beer on Putin making the pension system stronger.

Dark Micro Brew please.

Yes we shall see

In one year or so. After then those affected can sit on these sofas supplied by their elected officials.

http://www.luxussofa.ch/images/extras/header.jpg

donvino

Putin Denies Government to ‘Confiscate’ Pension Savings

“The government is not discussing the confiscation of these deposits, heaven forbid,” Putin told the VTB Capital annual investment forum during an exchange with an investor who challenged him over pension reform.
http://en.ria.ru/business/20131002/183909101.html

We shall see

As of now they have been or will be confiscated/transferred.

donvino

bump

Putin is just great... so much better than Obama, right?

Two peas in a pod...

Hopefully some who think Putin is A-Okay, will figure out that he is NWO just like Barry.

PEOPLE OPPOSING TYRANNY - Real Grass Roots!
Are you a POT or a PET - Person Embracing Tyranny?

I think it just means

that the contributions people made to a private pension fund in lieu of the state fund will now be transferred back into the state-run fund. Most likely they will still have the same amount of money in their state pension account as they had in their private one, although, yes, benefits may be different and probably lower, though that is not a certainty. It sounds like part of the private funds will be returned to the investors(?) Russia, I believe, allowed private pension funds to be created out of the state pay-as-you-go one about a decade ago and perhaps now they have decided to undo that particular "reform". Hard to know the specifics, but I would bet that it is not an outright confiscation of people's private savings.

DakotaKid's picture

Greece, Cyprus, Poland, Russia...USA

Russia is denying that they are going to rob their people, but it will of course eventually happen.

http://en.ria.ru/business/20131002/183909101.html

http://blogs.wsj.com/emergingeurope/2013/10/03/russia-to-gra...

Link to source please

Link to source please

it is above

Thanks to Dakota

donvino

Coming to a theater near you.

Coming to a theater near you.

Never be afraid to ask simple questions.

That's exactly what I thought when I read it.

.

If I disappear from a discussion please forgive me. My 24-7 business requires me to split mid-sentence to serve them. I am not ducking out, I will be back later to catch up.