Wednesday, June 1, 2011

Return on Russian pensions ahead of inflation

Return on investment VEB pension savings in the first quarter of 2011 was extended to Investment Portfolio 6.06%. This was reported in the press release state-owned corporation on Tuesday, May 3. This level of profitability higher than the current inflation rate, which in Russia in the first quarter amounted to 3,8%. Recall that in 2010 the rate of return on pension savings VEB was at 7.62% and annual inflation was 8,8%. State-owned corporation manages the pension savings of Russian citizens, are not transferred their pension contributions in the management of private management companies. Total running VEB is about 90% of the retirement savings of Russians.

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