Russia to Propose Private Pension System

July 12, 2000

The New York Times reported Thursday that as part of what it called a "bold economic blueprint," Russian President Vladamir V. Putin will soon unveil a pension reform proposal based on private, individual savings accounts. The Cato Institute's José Piñera, architect of the Chilean system of private accounts, visited Russia with Ian Vasquez, director of Cato's Project on Global Economic Liberty to advise the Russian government on pension issues. The Times says that pension reform could be implemented as early as next year.

Click here to listen to Boris Nemtsov, Vice Speaker of the Russian Duma, speak at the Cato Institute/Economist conference, Solving the Global Public Pensions Crisis II: The Privatization Revolution.

2001 Index | 2000 Index | 1999 Index | 1998 Index