Russian Prime Minister Dmitry Medvedev said at a government meeting that the accumulative pension system will be preserved and also instructed agencies to develop a mechanism of investing savings in the economy, where it will became "long-term money" and replace foreign capital.
"The accumulative pension system will be retained," he said.
This decision became possible because of the financial and economic unit of the government, which actively resisted the moratorium on transfers of pension savings to private pension funds. The social unit of the government supported the idea of a moratorium, TASS reports.
