Pension fund’s publicity budget would amount to 860 million rubles


Fine words butter no parsnips

The Pension Fund of Russia (hereinafter the PFR) has budgeted 860 million rubles to spend on advertising in 2021. This information appeared on the Government procurement website, the PFR has previously issued several contracts for advertising and PR campaigns, including the special contract for advertising the fund in the “Komsomolskaya Pravda” newspaper. The official tender’s name is “Provision of services aimed at conducting an information and educational campaign among the population of the Russian Federation.”

Financial operations of the Russian Pension Fund have come under criticism by experts and the public for a while. At the same time, the PFR places its advertisements in the media on the regular basis. All those expenditures, however, go down the drain because the PFR doesn’t seem to raise its standing in the eyes of public opinion. And the fact is that no marketing campaign at any price can guarantee decent retirement and social security, it cannot turn a tiny pension into a bigger one.

Needless to say, that, of course, it’s not so much about the Pension fund but the state power itself, the social and political system established in Russia. The Pension fund pays as much money as it gets from contributions and the state budget. Pension contributions, in turn, are some sort of taxes paid from salaries. But those taxes are only paid by the working people, and no such tax is levied on the holders of shares who really own companies. Thus, the working people pay about 40% of taxes, while the capitalists – only 13% although not always systematically.

So the bottom line is that the great amount of the product made by the working people goes to few people, a group of capitalists, who buy expensive large yachts, palatial mansions, private jets, and other luxury goods.

The working people can really turn things around. At least, it can be expressed through the joint gathering and protests, so that to achieve an increase in pensions, salaries, and other benefits. The relatively good living conditions of European workers are explained by their constant struggle (for example, the famous “yellow vest” actions).

At most, the working people can take power into their own hands, change the social and political system so that the surplus product no longer be used to fulfill the whims of the rich but is intended to meet all social needs.