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Transactions with inherited pension assets become easier

Сделки с унаследованными пенсионными активами становятся проще

The government has approved amendments to the law that will simplify the transfer of inherited assets of the second pillar to the account of the heir of the second pillar, make it more flexible to close a pension investment account and move money between third pillar insurance contracts and pension funds. Pension. Illustrative photo Pension. Illustrative photo Photo: Shutterstock

The government has approved amendments to the law that will simplify the transfer of inherited assets of the second pillar to the account of the heir of the second pillar, make it more flexible to close a pension investment account and move money between third pillar insurance contracts and pension funds.

Translation – Diana Kharlamova

According to Finance Minister Mart Vyrclaev, the state must ensure correct and motivating regulation of funded pensions so that people accumulate money before retirement. If practice shows that it can be simplified or made more flexible for pension savers, this should be done wherever possible. “This time it is not about big changes, but about predictability and stability,” he added.

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