Putin allowed to replenish the Pension Fund with corrupt funds – RBK

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Photo: Vladislav Shatilo / RBC

President Vladimir Putin signed a law amending the transfer of funds confiscated from corrupt officials to the FIU, the document is posted on the legal information portal. Amendments are made to the Federal Law “On Compulsory Pension Insurance”.

The amendments supplement the list of sources from which the budget of the Pension Fund is formed and allow entering into it “confiscated funds received as a result of committing corruption offenses, as well as funds from the sale of confiscated property received as a result of committing corruption offenses.” The Federation Council approved the amendments on November 10.

The remaining sources of replenishment of the PFR include insurance contributions, federal budget funds, accrued penalties and other financial sanctions, income from the placement of temporarily free funds of compulsory pension insurance, voluntary contributions of individuals and organizations, funds of a payment reserve for paying a funded pension, funds of pension savings of the insured, who an urgent pension payment has been assigned.

Ministry of Finance decided to confiscate suspicious savings of Russians

Photo: Andrey Lyubimov / RBC

In 2018, the president has already made amendments, allowing the FIU to replenish the funds confiscated from corrupt officials and proceeds from the sale of property obtained by them illegally, but to the Budget Code. The signing of amendments to the law “On Compulsory Pension Insurance” is intended to synchronize the legislation.

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