A government proposal may allow employees to voluntarily reduce EPF contributions above ₹1,800, increasing take-home salaries. Experts warn this could significantly reduce long-term retirement wealth accumulation due to lost compounding. The change primarily affects those contributing on actual Basic Salary + DA, not the statutory ceiling.
Russia is discussing a plan to automatically transfer dormant pension savings from the Social Fund to a Long-Term Savings Program (LSP). This would change the status of the funds from state-controlled to individual property, potentially boosting the pension system's stability and providing long-term investment resources for the economy.
Russian Finance Minister Anton Siluanov called for "silent" pension funds, held by the Social Fund and managed by VEB, to be activated as long-term savings. He proposed legislative changes to allow citizens more control over these funds, including inheritance and withdrawal in specific life situations.
