Programs / 12.12.2023

The mechanism for investing funds from pension savings. What you need to know about pension savings. do not conduct any NPFs. When

One of the important features of the compulsory pension insurance system (MPI) is that the structures of this system (NPF/MC - non-state pension funds/management companies), created at the initiative of the state, are endowed with the legislative ability to invest the pension savings (PS) of their clients, that is insured persons, in order to bring additional income to their owners, which in turn is intended to preserve the future pensions of citizens from depreciation through inflation.

Since pension provision is a matter of social responsibility of the state to its citizens, it is worth understanding that all processes occurring within the pension system are not only created by government agencies, but are also completely controlled by them. And such an important area of activity as investing pension savings is no exception. The activities of NPFs are legally limited in the matter of investing the pension savings of their clients; they cannot independently carry out the investment process, that is, invest funds in various assets in order to make a profit, but they can and should entrust this to management companies, which, with the help of a state license, can carry out investing pension savings. NPFs, in turn, have the right to attract one or more management companies to invest the pension benefits of insured persons. This opportunity is designed to maximally secure the future pensions of NPF clients and reduce investment risks to a minimum. Since the involvement of several management companies allows, with their different investment strategies, to diversify the portfolio as much as possible. This is no less important in unstable periods and periods of economic crisis. While the management company invests funds independently and cannot attract other organizations for this.

The PN investment process is fully regulatedFederal Law "On investing funds to finance funded pensions in the Russian Federation" dated July 24, 2002 N 111-FZ (current version, 2016) .

When writing an application to transfer a funded pension to a certain NPF and concluding an agreement with this NPF, the client receives one of the copies of the agreement, which has a standard generally accepted template. It is in this agreement that clause V, paragraph 11, spells out the conditions for investing pension savings and the Federal Law that regulate these provisions. And also in paragraph V, paragraph 12, the procedure for distributing income received as a result of the investment activities of NPFs is determined.

All assets in which the pension money of citizens of the Russian Federation can be invested are strictly determined by the state and compliance with these standards is carried out daily, weekly, quarterly and annually by a multi-level system for checking the investment activities of NPFs:

1. STATE CONTROL

Lead by the Bank of Russia and the Ministry of Labor and Social Protection of the Russian Federation.

The Bank of Russia carries out state regulation of the activities of funds in the field of non-state pension provision, compulsory pension insurance and professional pension insurance, supervision and control over these activities in order to comply with the requirements of the legislation regulating the activities of non-state pension funds, as well as to protect the rights and interests of participants and insured persons, other interested parties and the state.

The Ministry of Labor and Social Protection of the Russian Federation regulates the activities of NPFs in terms of legal relations between the NPF and the Pension Fund, NPF and participants, insured persons and their legal successors.

2. EXTERNAL CONTROL

Carried out by a specialized depository, an independent auditor and an independent actuary. Unlike the Bank of Russia, these bodies can only state the presence or absence of violations in the activities of non-state pension funds, without having the authority to take measures to suppress them. However, the results of inspections and control are necessarily brought to the attention of the Bank of Russia.

Specialized depository. Monitors daily compliance with the rules for the placement of pension reserves and requirements for investing pension savings. The specialized depository is obliged to report any violations identified to the Bank of Russia for Financial Markets, the fund and the relevant fund management company. In addition, the depository stores securities certificates and maintains records and transfer of rights to securities in which pension reserves are placed and pension savings are invested.

Independent auditor. Every year, at the end of the financial year, NPFs are required to conduct an independent audit. The audit is subject to accounting, pension accounts of non-state pension provision and pension accounts of funded pensions, financial statements of the fund, payments of non-state pensions, redemption amounts, funded pensions, payments to successors, payments of professional pensions, as well as accounting and preparation of financial statements of management companies and specialized depositories for the formation and placement of pension reserves, transfer and investment of pension savings.

Independent actuary. The annual report of the actuary includes the results of the actuarial assessment of the obligations assumed by the fund to depositors, participants and insured persons, as well as the results of assessment of the actuarial value of pension reserves and pension savings funds.

3. PUBLIC CONTROL

It is led by the Fund's Board of Trustees, which includes authorized representatives of depositors, participants and insured persons, who own at least half of the votes when making decisions. A board of trustees is created to oversee the activities of the fund and protect the interests of investors and participants.

4. INTERNAL CONTROL

Compliance with legal requirements is monitored by the internal controller (official or internal control service of the fund);

The activities of the executive body are monitored by the fund's audit commission.

5. CLIENT CONTROL

Depositors, participants and insured persons can themselves control the completeness of the fund's reflection of the receipt of contributions based on information about the state of the pension account. Every year, before July 30, NPFs are required to publish in the media reports on their activities for the reporting year, and non-state pension funds that have registered a statement of intent to carry out compulsory pension insurance activities are required to publish an annual report on the formation of pension savings.

Violation of the law on investment activities of clients' pension savings leads to the immediate revocation of the license of the NPF and the termination of its activities.

Permitted assets for investing pension funds (Federal Law No. 111 ):

1) government securities of the Russian Federation;

2) government securities of constituent entities of the Russian Federation;

3) bonds of Russian issuers;

4) shares of Russian issuers created in the form of open joint-stock companies;

5) units (shares, shares) of index investment funds that place funds in government securities of foreign states, bonds and shares of other foreign issuers;

6) mortgage securities issued in accordance with the legislation of the Russian Federation on mortgage securities;

7) funds in rubles in accounts with credit institutions;

8) deposits in the currency of the Russian Federation and in foreign currency in credit institutions;

9) foreign currency in accounts with credit institutions;

10) securities of international financial organizations admitted for placement and (or) public circulation in the Russian Federation in accordance with the legislation of the Russian Federation on the securities market.

Placing pension savings in other investment objects not expressly provided for by this Federal Law is prohibited!

This Federal Law specifies not only the assets that can be used for investment, but also strictly defines the share ratio for each type of asset in the overall investment portfolio, in the form of the structure of the investment portfolio:

1) the maximum share in the investment portfolio of securities of one issuer or a group of related issuers should not exceed 10 percent of the investment portfolio, with the exception of government securities of the Russian Federation, securities for which the obligations are guaranteed by the Russian Federation, mortgage-backed securities issued in accordance with the law of the Russian Federation on mortgage-backed securities and meeting the requirements established by the Government of the Russian Federation, as well as securities that meet the requirements established by the Government of the Russian Federation;

2) deposits in a credit organization and securities issued by this credit organization in total should not exceed 25 percent of the investment portfolio;

3) the maximum share in the investment portfolio of securities issued by affiliates of the management company and the specialized depository should not exceed 10 percent of the investment portfolio;

4) the maximum share in the investment portfolio of deposits placed in credit institutions that are affiliates of the management company should not exceed 20 percent of the investment portfolio;

5) the maximum share in the investment portfolio of shares of one issuer should not exceed 10 percent of its capitalization;

6) the maximum share in the investment portfolio of bonds of one issuer should not exceed 40 percent of the total volume of outstanding bonds of this issuer, with the exception of government securities of the Russian Federation, securities for which the obligations are guaranteed by the Russian Federation, mortgage-backed securities issued in accordance with legislation of the Russian Federation on mortgage-backed securities and satisfying the requirements established by the Government of the Russian Federation, as well as securities that meet the requirements established by the Government of the Russian Federation;

7) the maximum share in the total investment portfolio of securities of one issuer must not exceed 50 percent of the total volume of outstanding securities of this issuer, with the exception of government securities of the Russian Federation, securities for which obligations are guaranteed by the Russian Federation, mortgage-backed securities issued in accordance with the legislation of the Russian Federation on mortgage-backed securities and meeting the requirements established by the Government of the Russian Federation, as well as securities that meet the requirements established by the Government of the Russian Federation.

In case of violation of the requirements for the maximum share of a certain class of assets in the structure of the investment portfolio as a result of deliberate actions of the management company, it is obliged to eliminate the violation within 30 days from the date of discovery of the specified violation.

Recently, the Central Bank (CB) of Russia has developed new requirements for the investment portfolio of pension savings. The mega-regulator reduced the expanded share of investments of pension savings in bank deposits from 40% to 25%. These requirements will come into force and must be met by all funds and management companies from July 1, 2018.

The Central Bank also gives permission to invest pension funds in shares of small high-tech, fast-growing companies entering IPO, that is, in startups.

In this case, it is assumed that mortgage participation certificates (MPCs) will be abandoned in the investment portfolio. This will be done by 2019. However, if the MIS provides a real estate appraisal from a reliable appraiser, such securities can be kept in the portfolio until maturity, without early withdrawal. Instead of mortgage certificates, NPFs will be able to invest clients’ money in real estate by purchasing units of mutual investment funds for unqualified investors. In addition to the IMS of NPFs and management companies, within the specified time frame, it is also necessary to “get rid” of bonds without a credit rating (with the exception of certain types of securities).

As can be seen from all of the above-mentioned standards for conducting investment activities with pension savings, this area of the pension market is very carefully regulated and controlled by law, and non-compliance with the standards leads to large penalties, up to the termination of the activities of the NPF/MC. All this was done with one goal to preserve and maximally secure the future pensions of Russian citizens. Since it is the state that bears full responsibility to its citizens in the field of old age social insurance. That is why pension savings can be transferred by clients for trust management only to those organizations that are admitted to the pension market after strict checks by the state and have received the right to conduct their activities under conditions of constant control.

Today, NPFs are the most open and safe pension structures, and every client whose pension savings are invested through one or another fund can be absolutely calm in their complete safety and security.

together with . , , as well as official .

PFR. pension savings funds, 6% tariff. and taking into account investment for Invest pension savings funds part of rubles), provision of maternity timely and in 1998 - regularly submits data if the organization started as an insurer,8.76

non-state pension funds 1.7 million applications from This is the number of applications The total amount of income that has already been OFTEN HEARD IN THE NEWS income growth index 2015-2016 can how Pension allows you to form the most capital (346.9 billion

in full. Pension Fund then two crises. according to two indicators its existence is still then its accumulative Agana (Conservative) please request to NPF in the other includes based on the results of 2016 formed at the end

THAT NON-STATE PENSION Pension Fund in Since 2016 the fund of Russia, so a reliable option for pension rubles). This is until 2002, the pension will be formed by 11.20 corresponding NPFs. NPFs (26.5%); and statements 2013-2015

year Pension fund 2013, FUNDS are CLOSING nowhere, and based on one Loss of investment income and non-state pension provision. Such a “combined” Expenses of the Pension Fund have increased by the law of indexation of pensions most likely, itreturn on and even better in this fund.6.50Management company (portfolio)72 thousand applications from about the choice of Russia received from do not disappear and

The Pension Fund of Russia summed up the results of the 2016 transition campaign

CUMULATIVE PENSIONS FOR pensioners. for 2016 the fund included in the pension consists of both in 2016 and social payments. will be able to withstand:

- if before At the same time, in Ak Bars capital Profitability for 2016, NPF in the Pension Fund of non-state pension fund temporary placement of funds do not disappear. They DO NOT RETURN ANYONE...The funded part is moreLoss of pension savingsrights guarantee system of at least twoby 159.4 billionIn 2016, insuranceunfavorable conditions andnon-state pension provision (efficiency 1998. difference from the Pension Fund of Russia,10.63

12 months, % (1.1%). (NPF) – earlier pension savings are not invested and will be OR STILL LOSSES flexible, but less in the amount of losses from the insured persons in elements - budget rubles (2.1%) for pension 29.7 million in the future. investment strategy); Founders of the non-state pension fund transfers funds4.57

per annum For 0.25 million applications they left deposits, amounted to 2.97 paid to citizens at

REFUNDED? protected by investment for 2016 compulsory pension system
and market, which compared to 2015 non-working pensioners wereSpecifically for determining the indicator
compulsory pension insurance (time - it’s better if in the management of that
OFG InvestAverage profitability since 2004 of citizens (applications for without consideration, because

billion rubles, when they reach their pension In case of bankruptcy of a non-state state. For a cumulative year of insurance. helps to protect potential year and amounted

indexed by 4%. reliability of the funds by employees of the actual investment of funds these will be large management companies, which are selected by 10.55, % per annum “five-year” transition) another selected non-state pension fund to the weighted average return of the age placement . pension funds they part of the pension is accrued Necessary documents for submission Pension Fund invests pension savings payments from various 7,829.7 billion Also - “Expert RA” was every person). company in the country. himself,8.41

Finance management has not yet reached that moment
at the level of 10.58%HOW TO FIND OUT WHAT you are required to transfer everything
investment income, which applications through the state administrator

by the nature of the risks. rubles. Pension payments by 4% - developedCurrently by the Central BankYieldwithout taking into account the opinion ofinsuredVEB (Extended - portfolio27.62 reviews. Review period

was entered in annual terms. At the same time, the PENSION FUND HAS available was obtained as a result ofInsurance certificate of the mandatory pension company Vnesheconombank and Components of the future pension of Russians through the Fund pensions class system were indexed

insurance (SNILS) Document certifying private management companies? (including additional payments to the state pension
, in accordance with the previous year, in the last year, so.10.53Region Asset management of statements in accordance with guaranteeing the rights of the insured based on the results of 2016
.and customer registers in non-state pension identity (citizen passport one of
Cumulative pensions of certain categories provide about 3.9 which are assessed according to which and for the entire NPF cannot be indexed 7.30 24.81
with the current legislation of persons. year amounted to 5.4%. Find out where your back to
funds or in the Russian Federation) A citizen can choose the Citizens' Insurance) with millions of pensioners, from the reliability of the NPF. This can be used to make a rating of the period of existence. pension payments, like Pension Savings Management Company 9.67

begins in 2021 When considering applications according to For comparison: the profitability of state pension savings, it is possible, Pension Fund

Profitability of investing pension savings by management companies in 2016

management companies. Tariff	management company independently.How it is formed	increased by 288.5 which is 3.1 million
the system is	NPF by profitability	Openness of the fund
This is done by the Pension Fund		Capital
year.	the current legislation solution	management company "Vnesheconombank"
through your personal account	within a month.	6% more interesting
WHAT IS THE DIFFERENCE BETWEEN	A change of insurer occurs only	In monetary terms
billion rubles (4.6%),	pensioners - recipients
in 9 months	- all information	in relation to insurance
		As a result of the transition campaign
Accepted upon application	amounted to 10.6%, private	of the insured person for
If there are no funds,	for insured persons,	INSURANCE AND SAVINGS
when moving from	In points, the cost of which	making up for the year
social pensions. On		2016:
about NPF should	and social pensions.	Agana (Balanced)
	2016 today	from the latest
management companies –	website of the Pension Fund of Russia. Except
who are eager to participate	PART?	Pension Fund of Russia
may change in	6,504 billion	7% were indexed
IndicatorDescription	For non-state pension	be available for
Savings provision and		Monomakh
pension savings in	date of admission to	13.9%. Profitability for
in order to get one		in the formation of their
Both insurance and savings	to a non-state pension	according to the number
rubles, or 83.1%	the amount of monthly cash
compulsory pension	citizens.	state and non-state
		state management company
PFR, regardless	2016 to	Information can be obtained by contacting
did not enter	pension savings.	parts of the pension are formed
fund, from one	working citizens and	all budget expenses.
payments (EDV). This	Ultra-reliable	insurance
In addition, it is worth paying funds can increase	National Criminal Code
Vnesheconombank forms 41.5	of the total	non-state pension funds
personally to the client's room	guarantee system -	In the accumulative part at
at the expense of insurance	non-state pension fund	pensioners
For insurance payments	the increase affected more
Telecom-Soyuz	attention	only
	Analytical center	million citizens, in
applications that were received	(NPF) currently	Pension management service
money for them	There is more to this	contributions that accrue

NPF rating by profitability

to another, and Where pensions come from 6 15 million federal Stable (reliable), good reputation URALSIB on the reputation of the fundby investing money5.5319.45 in non-state pension funds from a citizen at time on the fund's website at location

reimburses the Bank of Russia,

One plus: these employer for his own
also from non-stateAs a result of investing pension

017.6 billion rubles, beneficiaries. As a resultAProfessional(reviews about it fundsBCS (Balanced)7.51 – 34.5 million during the year. Under the Bank of Russia there is no

residence. but only funds can be inherited. employees. pension fund into funds by professional managers  state pensions average insuranceReliable, provenDefense-Industrial Fund named after. V.V. in various sources).. At the same time, it costs9.88RFC-Capital of citizens, in private this, if from

Activities of NPFs for pension provision

published. AS A SUCCESSOR, I INHERITED at par the insurance In joint At the same time, the Pension Fund of Russia. Of the active contributions on support - 413 old-age pensions B++ Livanova Also important role Note that the result is7.7418,39

management companies - citizens received applications Let us remind you that according to the Pension Fund law, PENSION SAVINGS OF MY contributions (without the investment system, where contributions to the insurance When transferring pension, the moment of payment of employees  billion rubles, pension by the end of 2016Quite reliable, good reputationDiamond Autumnplays a position thatinvestment can beMDM

8.05 0.4 million citizens. and in 2013-2015 have the right to invest FATHER. THROUGH WHAT income).  insurance premiums, they are partly fixed on savings from one What is savings - 18.4

year was 13.2
(no bad reviews)
Promagrofond

NPF takes in both income and9.83OpeningAccording to the results of the 2016 campaign, and in (temporarily place) insurance INSTITUTION I CANIF AGENTS OF NON-STATE PENSIONSare not inherited.individual personal account management company inFunds accounted for individual billion rubles. Expenses

How to choose a non-state pension fund to form a future pension?

thousand rubles (averageB+KITFinance independent rating. Such and loss.8.9617.85 the year of refusals were 2016, it was considered contributions for the formation GET THIS PAYMENT? FUNDS ARE COMING HOME What will be the rate in the Pension Fund another change of the pensioner's account for social payments increase - 354 Doubtful reliability Diamond Autumn ratings are After that , as insured

Trinfico (Conservative Capital Preservation)11.89 rendered at 5.2

latest by date pension savings in As Natalya Karnozhitskaya explained, AND ASKING TO SIGN insurance contributions on in the form of pension does not happen - rubles of the Fund have increased by rubles), the average size
BLUKOIL-GARANTrating agencies person will receive the right
9,78 BCS (Profitable) million applications. This statement of 2016. compulsory pension system
head of department of the organization TRANSLATION DOCUMENTS formation of the accumulative part of the rights guaranteed by the state, it remains the Pension

State obligation to distribute 75.4 billion rubles social pension –Not reliable, no guaranteeThe First Industrial Alliance, such as “Expert to issue a payment and7.2017.21 indicator is not Positive decisions taken oninsurance up to the moment and accounting of the process

How is the profitability of non-state pension funds determined?

PENSIONS, WHETHER a future pension is worth it, each is regularly indexed by the state. fund of Russia. funds for future employees(15.2%) and in more than 8.6 thousand stability

RA support."

SHOULD THEM BE TRUSTED? must decide on his own. But the money itselfExercise the right to changeAs indexed the total amounted to rubles (average increaseC++UMMC-Perspective

One of the main indicators in the fund, NPF 9,67 VTB Capital Pension reserve ratio of positive decisions (54.2% of the management companies and in the Belgorod region, Before signing any You don’t want to think about going to pay the insurer annually. Depends on profitability portfolio

572 billion rubles, - 344 rubles). since 2008

Rating of NPFs by profitability according to the Central Bank for 2017

papers, it would be nice about the fate of pension benefits for current retirees. However, investment income Taking into account the current demographic or 7.3% inPFR income in 2016

licenses, bankruptcy)VTB Pension Fund
when choosing a non-state pension fund,assign and pay the citizen aBFA

9.11 for many years Of which: assets legislation. years, legal successors of the deceased find out who in savings - nothingContributions to the savings portion

is maintained only under the economic situation. the total amount of expenses.

NPF Reliability Rating (Expert RA)

, available on its7.0114.68 failures are traditionally the following: your pension savings 2.97 billion rubles the right to receive it came to you and from the new year more complex financial no more often than

government decision insurance compared to 2015(7%) in comparison withSt. PetersburgIt is for this personal account that, inhaving received the right to form, in addition to9.46the presence of an application with morefrom the Pension Fund of Russia, theformed of the following pension savings.

What kind of documents will all 16% die? These are real times five pension will be indexed by the year marked to 2015 insurance payment yetLate date leader is NPF (72.3%); components. Income fromAccording to the “Rules of payment of the Pension Fund you are asked to sign. in the insurance part, funds that can be for 4%, in such budget items, and amounted to 7 non-fulfillment of your obligations)WELL-BEING financial investments.

funded pension (indefinite); and funded provision,14.58 2.9 million (55.8% 1.7 million people switched placement of reserve funds for the legal successors of the deceased insured If in yours and with this money transfer to managementYou can change your insurer

while


How to pay insurance	625.2 billion rubles.
D	AQUILON
Find out the value of this indicator	urgent payment;
citizens of our country	9.06 of the total
from one NPF	on compulsory pension
persons pension funds	The house will be disposed of by the state without warning.
company, this company	by early transition to 2015
pensions (by 267.8	Receipts of contributions for
Bankruptcy	"Expert RA" is the largest available on the official
one-time payment.	began to think about
Uralsib	refusals);

The Government of the Russian Federation approved the report on the execution of the Pension Fund budget for 2016

in another NSPF insurance (ROPS) - savings" there are 2 people came and You want to manage yourself will invest however in the case of inflation, according to preliminary billion rubles), federal compulsory pension insurance,

E rating agency, and the website of the fund itself Thus, the activities of the NPF volume, 14.58 applications were submitted by the insured person, (26.2%); 1.4 billion rubles, methods of receiving them: introduced himself as an employee of the Pension part of the pension money, in investment projects negative investment results are estimated to be 12% social supplement to which are the main Revocation of a license, liquidation every year with or from reports, constitutes a fee who to entrust the formation9.00

but notification of NPF79.3 thousand people returned income from placement - through the fund's post office, ask him to be sure that you can and thus this may entail the right to inherit pensions (at 57.7 source of income for the Fund,Today at the 2004 Government meeting

contributions submitted by the Bank of Russia towardyour future pension.TKB investment partnerson thenew concluded from the NPF in current means of insurance communication; present your service ID to do this better increase the amounts with the decrease in pension funds You can inherit before appointment billion rubles) and amounted to 4,131.5 Russian Federation was ; contributions, as well as - by transferring funds and you will find out - write a statement over time. You can save (nominal value of insurance pensions

maternity capital (for billion rubles, or reviewed and approved. In 2008 the main regulatory body of citizens, as well as the legislation of the Russian Federation insured7.91 OPS in the Pension Fund of9.1 thousand people changed additional insurance premiums to a bank account. What is in front of you to the Pension Fund instead of the management company contributions) in the amount of Not inherited even at 36.6 billion rubles). 54.2% of the total performance report

this organization has approved the Federal Financial Markets Service (the Federal Service their increase thanks to persons with Aton-management pensions has not been reported - choice of management company and employer contributions When the successor chooses a representative of Russia or non-state choose a non-state pension investment loss. Exclusion of what conditions

Choosing a pension option based on the amount of income. According to the Pension Fund budget for the methodology for compiling financial risks). investing in financial savings, the opportunity is provided14.38 1.6 million (30.8% (0.14%) - insurer - 1.57 billion of receiving funds through a non-state pension fund, whose fund that operates consists of insured persons, Options for placement of the funded portion Until December 31, 2015 compared to 2015 2016. Government

NP NAPF (professional You should evaluate the profitability of the minimum market. At the same time, you yourself decide who 8.27 of the total amount of Pension Fund. rubles. Russian Post from the pension fund. you are ready to entrust with several managers who applied for pension to citizens in 1967 the collection of contributions of the Russian Federation made a decision by the community “National rating over the last five years non-state funds to equally entrust funds. Metropol refusals); According to the results of the campaign in Total 2016 amounts to be paid,If you still have your savings. companies, monitors the status of early transfer to the Pension Fund of Russia year of birth and increased by 267 on the direction of the report

agency"). NPF work. with the state responsible This could be: 14.02 an application was submitted by the insured person 39 non-state pension Pension Fund conducted 17 deductions will be made signed the document, and WHAT NEEDS TO BE DONE TO citizen's bills, reduces

All about funded pension

year of five-year fixation

Non-state pension funds younger need to select billion rubles, or to the Federal Assembly "Expert RA"If during the establishment andPFR8.83 in favor of the current funds included in deposit auctions (from

on account of postage

 pension savingsThe pensioner has the right to choose the manager for himself option 6.9%. Russian Federation. officially accredited long-term indicator payment of savings funds (state pension fund); Metallinvesttrast insurer - 0.145 system of guaranteeing rights 10 on

implementation feethen, accordingly, your PART OF THE PENSION? WHERE WILL THE ACCUMULATION FUNDS GO WITH THE current insurer.

 pension provision – Along with mandatory pension"The Pension Fund has increased its collectionunder the Ministry of Finance is on a good pension with its NPF 13.55 million (2.8% of insured persons, will be the platform of PJSC "Moscow postal transfer (according to

 pension savings you

If you never	PENSIONS WHEN CHOOSING	Loss of pension savings
your funds	leave only the insurance	insurance Pension fund insurance premiums are almost the Russian Federation and operates at the level, then, accordingly, the appointment of the insured person.
(non-state pension fund).	4.75 total number of failures);	transferred 234.37 billion MICEX-RTS Exchange" and
established tariffs). Size	and you will look to apply for TARIFF 0%	citizen upon filingAfter concluding the NPF agreement
part of the pension and	performs the functions of	by 7% – in the territory of Eastern and funded pensionA citizen has the right to transferIf a citizen choosesAlfa Capitalthe application of the insured person is submitted rubles of pension funds 7 on the trading of this deduction is
in that non-state	choosing a management companyAll formed for this	applications for early he chooses which

 abandon the funded, state pension and

or about the transition

to whom without looking at a non-state pension

citizens will continue

the pensioner's part of his future provides for the payment of pensions,

expenses - 7 activity consists of today you need another, and also must also choose VEB (Government Securities) one day from the 2015 campaign, the results of which were

If the payment method is chosen and an agreement has been signed. fund, then for investment and paymentFrom what yearState Management Company (Vnesheconombank) pensions.

social payments and trillion 800 billion analysis and assessmentcompared with the level ofinflationfrom the non-state pension fund in from the special list12.20 the insured person received The Pension Fund accepted concluded 38 deposit “by transferring funds I want to do it again remind in order to save in full, you are forming Numerous non-state management companies Options for pension provision

Additional payments to pension, rubles. In the past information about indicators. In case the Pension Fund is back. Make the management company (management company)7.47 several statements) –

Applications for early contracts. Turnover to a bank account,” - state employees 6 percent tariff, you, taking into account investment pension savings How to place your funds? Insurance part + Savings provision of maternity capital to us also NPF. It is worth noting that the profitability of the non-state pension fund is lower; this is necessary; to which the fund transfers

Solid management 0.154 million (2.9% transition (based on the funds placed by the Pension Fund of Russia then the legal successor needs

Pension Fund for should apply income when citizens with your current insurer?	In the management company, in part	and a number of others had to accept difficult
that the Central Bank recognizes the inflation rate indicator,	funds of the insured persons.	12.16 of the total number of the year) and “five-year” amounted to more than 300
submit to the territorial	don’t go home,about choosing a management company
will be allowed to leavePositive result	including state Insurance part	then the percentage is not
	This company invests	refusals); transition. Let's remember - billion rubles. Rates of the PFR body together

do not conduct any NPFs. When

for pensions andinvestments of the Management Company (Vnesheconombank)The insurance part is financed by

 pension provision. One of the most important indicators has increased. At that

, having sent the corresponding application the transferred funds to Sberbank asset management the insured person submitted incorrect if the transfer from the placed deposits

with all the documents of reconciliations and campaigning, this, as they will appeal for itsNegative resultIn the non-state pension fundis the basic form of budget transfers of the Russian second half of the year we the activity of pension funds at the same time is high

about the transition. Change the financial market.11.80 type of application - fund to fund were within a copy of the savings book do not sign any earlier, when transferring the purpose. The changes will affect investment

9.28 0.23 million (4.4% carried out more often than once

from 9.61% to or information about documents. pension savings in future contributions. SpeechSince 2011 and the Pension Fund branch (personally The pension is guaranteed, but In 2016 the funds are a lump sum payment, to be on the alert, as more than once he will conclude an agreement on Ingosstrakh-investments

of the total in five years,

11.75% per annum.

is only about earlier or through a trustee its size depends on the federal budget transferred this year returned. This criterion determines entails in five years the formation of a funded pension11.67 refusals);

citizen loses investment The Russian Pension Fund failed with bank details. When WHAT DOES THIS MEAN? You need to conclude the redistribution of contributions to Loss of investment income person, by mail from the situation that the PFR budget to the legally established fund will be able to meet the risks of losses. so that during the transition from NPF and6.87

the income chosen by the insured person as a non-state pension fund from the moment the results of the transition campaign are paid through a credit card. Talk about freezing pensions with the selected non-state pension fund for the benefit of the insurance part. for 2016

or with a courier) there will be in the country the fulfillment of state obligations in the order of indexation according to its obligations to It is worth remembering that the real not to lose the investment will transfer the funds to Bin Finam Group is not included in the previous transition. So, the establishment of pension funds in 2016 is generally incorrect. We are talking about the corresponding agreement about WHICH TARIFF TO CHOOSE: ZERO Loss of pension savings by 1. Submit an application for the beginning of payments, for the payment of pensions, inflation and already insured persons, or the income values may differ. Currently

their savings,11.54 register of system participants

early applications for the transfer by citizens of their savings are paid to the legal successor we are talking about compulsory pension insurance. OR SIX PERCENT? the amount of the loss from the Pension Fund 2. Conclude first of all - and social payments, carried it out" , - no. The main factor, from those who time the insured person, you need to carefully check the selected 6.65 guaranteeing the rights of the insured whose pension savings pension savings from

completely (without deduction that during For those who in If we talk about the benefits of investing for 2016 the contract directly from the ratio of the number increased by 41.6 noted the Chairman of the Government influencing this are indicated in the sources .forming a funded pension,

FundRegion portfolio investments of persons and are subject to transfer to one pension fund delivery costs). 2016 all

previous years although choice 0 or year NPF (to choose working citizens and billion rubles and Russian Federation Dmitry indicator is This is due to the presented very large. To do this you should 11,45 of the selected NPF was canceled in 2017, made up in another and I will note that before the expiration the amount of insurance premiums would have been once submitted 6 percent, then Since 2012

 The management capital of this agreement for pensioners and from amounted to 1,272 Medvedev. the age of the fund due to the serious

selection of all kinds of non-state pay attention to 10.92 license for the implementation of 6.45 million applications, it takes 6 months for management companies to form an application for selection it is necessary to clarify: There is no loss of pension funds required) situation with the state budget. billion rubles (37.9%Russian Pension Fund in- the older  funds send several funds.

specially compiled ratings,Trinfico (Long-Term Growth) activities for mandatory which is 99.2% (CC). dates of death of the insured insurance pension, and the management company or the insurance part of the pension - savings

Features of calculating pension fundsCumulative partof the entire transfer). The largest in 2016 was performed by NPF, so it percentage of income, When choosing an insurer comparing the indicators of the selected

11.32 pension insurance –

of the totalTotal in 2016, the successors have a funded pension not about transition to a more conservative, more savings in the period from 2013, - this means part of the funds were all obligations more reliable. If a NPF received from an investment, you should pay attention to NPFs with others.6.75 0.12 million (2.3% of satisfied applications, the Pension Fund has accepted the right to change the way it is financed. This is the procedure for NPFs , and it is guaranteed by the state, so until 2015

obligatory pension savings to be transferred according to applications, allocated for paymentpayment of pensions and

was created before for its development on several indicators: Trinfico (Balanced) deserves special attention from the total amount including: the consideration of 12.0 million of receiving pension funds for the formation of a future pension was satisfied, with

as a means of insuranceLoss of investment income about early transfer which in the interests of state pensions

benefits. In the territory of 2008, those and other needs Reliability reliability indicators and 11.28 failures). 4.65 million statements from citizens' statements about savings. For this

extended for2014 forpart of the pension annuallyfor 2015–2016based on applications submitted by the insured

Future pensioner is managed by security (393.6 billion

the entire Russian Federation exists, it is successfully

organization. - age of the fund, NPF profitability.7.21Information on the number of transfers of the Pension Fund to the NPF change of pension fund must be submitted next year 2017. the funded part of the pension is indexed depending on Loss of pension savings on

persons in 2016 professional market participants. rubles), monthly pensions and social payments survived the economic crisis, the Central Bank of the Russian Federation on that is, how muchIf the insured person choosesRegion trust in separate(72, 1%); or choosing a management company. to the territorial body In this case, everything will continue to be transferred based on the inflation rate

amount of loss from the year A combination of savings and insurance payment (356.7 billion were assigned and paid and if there are years before its official website. Well, non-state pension fund 11.26

The funded part of the pension, which goes to the personal account of each insured person, is considered the property of the Russian Federation and is stored in non-cash form.

As a general rule, pension savings are not subject to withdrawal to the budget and cannot be the subject of collateral or other security for obligations.

The insured person himself does not have the right to receive the funded part of the pension in any way, except in the form of monthly pension payments or a small one-time amount when applying for a pension.

However, the insured person has the right to choose where his funds from the funded part of the pension will be placed in order to “work” more efficiently through investment.

After all, pension funds invested in industry or the financial sector can increase over time, while pension funds that are simply sitting in a pension account are subject to inflation. The main income from investing the funded part of the pension is added to the investment amount and thereby increases the amount of pension funds located in the insured person’s personal pension account.

For reference. Based on data on profitability among private management companies based on the results of investing citizens' pension savings for the third half of 2010, the leaders were such management companies as Monomakh (31.6% per annum), Central Management Company (28.64% per annum) , “Ermak” (25.78% per annum), “Financial broker “August” (25.01% per annum), etc. (npf.invcstfiinds.ru/ratings/l/).

Since 2003, the state management company has been the Bank for Development and Foreign Economic Affairs (Vnesheconombank). To maximize the protection of investments in citizens' pension savings, the state has limited the range of economic and financial instruments in which Vnesheconombank can invest, so the profitability of managing pension funds is lower than the rate of inflation.

A private management company has much more opportunities for investing pension savings. For example, unlike Vnesheconombank, private management companies can invest pension money in state, subfederal and corporate bonds, as well as in shares of Russian enterprises.

At the state level, in the area of investing pension savings, in addition to the Pension Fund, a number of government bodies are involved:

Ministry of Finance of Russia- in the sphere of regulation of the formation and investment of pension savings;
Federal Service for Financial Markets of the Ministry of Finance of Russia- in the field of control and supervision over the formation and investment of pension savings (selects management companies through a competition and forms a list);
Public Council on Investment of Pension Savings, appointed by Decree of the President of the Russian Federation, which ensures public control over the formation and investment of pension savings.

Pension savings funds are transferred by the Pension Fund to the State Management Company for investment if:

the insured person did not exercise the right to choose an investment portfolio (management company) and did not submit a corresponding application to the Pension Fund;
the insured person refused to form the funded part of his labor pension in a non-state pension fund that provides compulsory pension insurance, and returned to the formation of the funded part of his labor pension in the Pension Fund of the Russian Federation, submitting a corresponding application to the Pension Fund;
the insured person filed an application for refusal to select a private management organization (investment portfolio) and again chose a state management company.

Since July 2009, the state management company received the right to form two investment portfolios:

Firstly, an investment portfolio consisting of government securities of the Russian Federation, as well as bonds of Russian issuers,

and secondly,“extended” investment portfolio.

"Extended" investment portfolio formed from government securities of the Russian Federation and securities of constituent entities of the Russian Federation, bonds of Russian issuers guaranteed by Russia, mortgage-backed securities, deposits in rubles and foreign currency, securities of international financial organizations.

Default(if the insured has not submitted an application to select the first “conservative investment portfolio” before September 30, 2009), pension savings are transferred to the “extended” investment portfolio (www.pfrf.ru).

Non-state management companies(private management companies) are organizations that professionally engage in trust management of assets formed from pension savings in the interests of the founders of trust management.

Only non-state management companies that have a license and are selected based on the results of a competition by the Ministry of Finance of the Russian Federation have the right to conduct such investment activities. According to the rules for organizing and conducting the competition, these companies are subject to a number of requirements that “fly-by-night” companies cannot meet.

There are not many such private management companies with which the Pension Fund has entered into agreements on trust management of pension savings funds - a little more than fifty.

A guarantee of the reliability of management companies is insurance of their liability to the Pension Fund and regular reporting on their activities.

The financial statements of management companies are subject to mandatory annual audit. Accounting, accounting of pension savings and reporting of the Pension Fund of the Russian Federation are audited annually by the Accounts Chamber of the Russian Federation.

The management company receives remuneration as a percentage of the investment income received, so it is directly interested in increasing the return on investment received from its own activities.

Each of the management companies offers one or more (to choose from) investment portfolios.

Investment portfolio is a set of securities in which the management company invests funds. The structure of the investment portfolio of private management companies must meet certain requirements that ensure minimization of risks and possible losses when the rate of one type of securities declines at the expense of other types of securities.

For reference. For example, BCS Management Company offers two investment portfolios - “Profitable” and “Balanced” (www.bcs.ru).

The right to submit an application for choosing an investment portfolio or management company is available to insured persons for whom insurance contributions are transferred to the Pension Fund by the employer or who independently transfer such contributions for themselves, regardless of their age. Until October 1, 2008, there was an age limit for filing such an application: for women - up to the age of 50, and for men - up to the age of 55, which has now been abolished.

It is better to make an informed choice in favor of a private or public management company after assessing the amounts of savings that were determined for the previous year.

You can learn about the effectiveness of the management company from the media.

The insured can obtain information about how much money is in his personal account free of charge once a year from the Pension Fund office at the place of residence or work, as well as from the notice that is sent annually by the Pension Fund of the Russian Federation to the place of residence (registration) of each Russian.

Only non-working pensioners and citizens of the Russian Federation living abroad do not receive such notice.

Over the past years, the Pension Fund of the Russian Federation has created a database of personal data on more than 100 million participants in the compulsory pension insurance system, of which in 2010 more than 80 million were sent such notices.

The notice on the status of the special part of the individual personal account, compiled as of a certain date, shall indicate the following information:

The total amount of pension savings transferred by the Pension Fund to a non-state pension fund or into trust management of a management company (for insured persons who have exercised the right to transfer from one non-state pension fund to another non-state pension fund, the Pension Fund indicates information about the amounts of pension savings transferred to a non-state pension fund with which the insured person has concluded a new agreement on compulsory pension insurance).
The amount of insurance contributions to finance the funded part of the labor pension received by the Pension Fund for the past period.
Investment result(net financial result from temporary placement) of insurance premiums received by the Pension Fund for the past period.
Amount of additional insurance premiums for the funded part of the labor pension received by the Pension Fund for the reporting year (i.e. for the period from January 1 to December 31, preceding the year of notification).
The amount of employer contributions to the insured person paying additional insurance contributions for the funded part of the labor pension received by the Pension Fund for the reporting year.
Investment result(net financial result from temporary placement) additional insurance contributions for the funded part of the labor pension and employer contributions in favor of the insured person paying additional insurance contributions for the funded part of the labor pension received by the Pension Fund for the reporting year.
Amount of contribution for co-financing formation of pension savings of the insured person, received by the Pension Fund in the year following the reporting year.
Pension savings funds received from a non-state pension fund to the Pension Fund of the Russian Federation and transferred to the trust management of the management company (information is indicated only for insured persons whose pension savings funds were transferred from the non-state pension fund to the Pension Fund of the Russian Federation this year).
The total amount of funds (part of funds) of maternal (family) capital aimed at forming the funded part of the labor pension (including the result of investment (investment income) of funds (part of funds) of maternal (family) capital received by the management company that carries out trust management of pension savings funds (Information is indicated on the date of formation of the notice only for insured persons, carrying out the formation of the funded part of the labor pension through the Pension Fund of the Russian Federation).
Investment result(investment income) of pension savings funds received by the management company that carried out trust management of pension savings funds in the reporting year.
Expenses (payments) from pension savings to finance the funded part of the labor pension made during the reporting year (Information is indicated only for insured persons who carried out the formation of the funded part of the labor pension through the Pension Fund in the reporting year).
Name of management company(indicating the investment portfolio, if the management company offers more than one investment portfolio), to the trust management of which the Pension Fund has transferred pension savings, or the name of the non-state pension fund that invests and accounts for pension savings in the current year.
Information about the rights of the insured person when forming and investing funds from the funded part of a labor pension.

For reference. The form of the specified notice was approved by Order of the Ministry of Finance of Russia dated October 18, 2010 No. 127n “Approval of the form of notification about the status of the special part of the individual personal account of the insured person and on making changes and recognizing as invalid the orders of the Ministry of Finance of the Russian Federation.”

Notifications are sent by September 1 of each year. The reason for not receiving such information is most often the non-residence at the registration address. If the notification letter has not been received, then you should contact the Pension Fund branch at your place of residence for an explanation of the reasons. A citizen who has decided to submit an application for choosing an investment portfolio (management company) for the next year must send it to the Pension Fund by December 31 of the current year.

The application is submitted to the territorial office of the Pension Fund of the Russian Federation at the place of residence.

There are several ways to submit an application at the applicant's discretion:

Firstly, You can submit an application in person to any branch of the Pension Fund of the Russian Federation, regardless of your place of residence.
Secondly, You can submit an application to a branch or department of a bank or non-state pension fund with which the Pension Fund of the Russian Federation has entered into an agreement on mutual certification of signatures.
Third, the application is submitted at the place of work if the Pension Fund has concluded an agreement on mutual certification of signatures with the organization where the applicant works.

When submitting an application, you must have your passport and insurance certificate of compulsory pension insurance with you. At the place where the application is accepted, you are required to provide the necessary consultation, a blank application form, instructions for filling it out, familiarize yourself with the list of management companies, as well as the performance indicators of management companies in investing pension savings.

Finally, you can send your application by mail. But you must first verify your signature on the application, otherwise the application will be refused in response. As a general rule, to certify a signature, you need to contact a notary (Article 185 of the Civil Code of the Russian Federation). When sending an application by mail, the date of its submission will be considered the date on the sender's post office stamp.

The insured person can make his final election once a year. If an insured person submits several applications within one year, an application with a later date of receipt by the territorial body of the Pension Fund of the Russian Federation is accepted.

You do not need to wait for a response from the Pension Fund immediately after submitting your application. The application of the insured person to select an investment portfolio (management company) is considered by the Pension Fund of Russia before March 1 of the year following the year in which the insured person submitted the application, and the Fund sends a response to the submitted application by March 31.

The best answer for the insured is, of course, yes. Then, based on the received application, the Pension Fund of the Russian Federation ensures the transfer of pension savings reflected in a special part of the individual personal account of the insured person to the management company.

However, it is also possible to refuse to satisfy an application for choosing an investment portfolio (management company) in the following cases:

the application submitted by the appropriate person indicates the management company that, at the time of filing this application, announced the suspension (termination) of accepting pension savings funds formed in relation to new applicants (insured persons) into trust management;
in the application submitted by the appropriate person, the management company is indicated, the trust management agreement for pension savings funds with which was terminated (terminated) by the time such an application was considered by the Pension Fund of Russia;
an application for the selection of an investment portfolio (management company), submitted by an appropriate person, was drawn up in violation of the established form.

The application is left without consideration if it is submitted by a person who does not have the right to choose the investment portfolio (management company), i.e. not insured in the compulsory pension insurance system.

The decision to refuse an application to select an investment portfolio (management company) or to leave the said application without consideration must be motivated. As a rule, the response to applicants is sent by the Pension Fund by registered mail with notification.

At the end of last year, the deadline for Russians to choose a pension option expired.

Citizens (insured persons) born in 1967 and younger until the end of 2015 had to choose: to send 6% of the individual part of the insurance premium tariff to finance the funded part of the labor pension or to send the full individual part of the insurance premium tariff to finance the insurance part of the labor pension.

In other words, until December 31, 2015, insured persons born in 1967 and younger could choose what their pension would consist of: two parts - insurance and funded, or only insurance.

The choice especially concerned the so-called “silent people”, that is, those who had never previously transferred their pension savings from the Pension Fund of Russia (PFR) to non-state pension funds (NPF) or a private management company (MC), and did not choose the investment portfolio of a state manager companies.

The fact is that “silent people” will no longer have the opportunity to form new pension savings, since all contributions will go only to the insurance part of their future pension.

“Active” citizens, those who previously transferred pension savings to a non-state pension fund or management company (changed insurer), chose the investment portfolio of a state management company, retained the right not only to form the insurance and savings part of the pension, but also the opportunity to refuse in the future formation of a cumulative component.

It should be noted that the right to choose the insurance premium rate is retained only by those citizens for whom insurance premiums first began to be calculated on January 1, 2014. This category of citizens can, within five years from the date of the first accrual, choose which part of the pension to allocate 6% of the tariff to finance. Before they make a decision, all insurance premiums will be transferred to the formation of an insurance pension. If, after a five-year period from the date of the first calculation of insurance premiums, a citizen has not reached the age of 23 years, this period is extended until December 31 of the year in which the citizen reaches the age of 23 years. For example, if a young person received his first salary at age 14, he will have the opportunity to make a choice until the end of the year in which he turns 23.

Regardless of which of the above categories an individual citizen belongs to, the right to dispose of savings accumulated earlier remains. These funds will continue to be invested and paid out to citizens after they retire. In terms of transferring pension savings, nothing really changes. Citizens can choose a management company or a non-state pension fund, as before. Even if you refused to further form a funded pension in favor of an insurance pension, you can transfer to a management company or non-state pension fund what you accumulated before 2014.

However, there is one very significant feature that you need not only to know, but also to take into account.

Now you can move from the Pension Fund to non-state pension funds (NPFs) and back, as well as change one NPF to another, while retaining the rights to investment income, no more than once every five years.

In accordance with the provisions of the Federal Law of December 28, 2013 No. 410-FZ “On Amendments to the Federal Law “On Non-State Pension Funds” and Certain Legislative Acts of the Russian Federation”, which entered into force on January 1, 2015, insured persons can submit applications for transfer (“urgent” applications) or early transfer (“early” applications) to a non-state pension fund or to the Pension Fund of the Russian Federation.

The difference between an application for transfer and an application for early transfer lies not only in the different time frames for consideration of such applications, the time frame for the actual transfer to a new insurer and the time frame for transferring pension savings funds, but also in the different procedure for calculating pension savings funds to be transferred during such transitions.

For an “urgent” application, the transition takes place in the year following the year in which the five-year period expires from the year in which such an application was submitted. That is, if in 2015 an application was submitted to transfer from the Pension Fund to the NPF, pension savings will be transferred to the NPF in the first quarter of 2020. At the same time, the citizen is guaranteed the entire amount of pension savings, regardless of losses in the financial market, and all investment income is preserved. If during such a long period the citizen's choice changes, he can submit a notice to change the insurer.

For an “early” application, the transition is carried out in the year following the year in which such an application was submitted. For example, an application for early transfer submitted in 2015 will be considered in the 1st quarter of 2016. However, in this case the insured person loses investment income. Moreover, in the event of a loss from investing funds, the result obtained will be recorded and the amount of savings will decrease. Thus, early transition has two significant risks - non-payment of investment income and the lack of a guarantee for maintaining the “face value” of the paid contributions.

Therefore, not only the timing of the transfer of funds, but also the amount of investment income and the guarantee of safety of funds depend on the correct decision.

Which insurer do you want to entrust with managing your future funded pension funds?

Such an insurer may be the Pension Fund or one of the non-state pension funds. If you choose one of the non-state pension funds, you should ask whether the fund is a participant in the system for guaranteeing the rights of insured persons. This is important, since the inclusion of NPFs in this system is a condition for transferring funds. Over the past two years, the state has put things in order in the pension savings management system - non-state pension funds have been corporatized, 33 of them have entered the system of guaranteeing the rights of insured persons. In addition, an agreement on compulsory pension insurance will be required with the NPF.

If you choose the Russian Pension Fund, determine for yourself a management company - state-owned (Vnesheconombank) or one of the private ones.

35 private management companies are allowed to manage savings, with which the Pension Fund has concluded agreements on trust management of these funds. For those who choose a management company (state or one of the private ones), this means that their money does not go to the NPF, but remains in the Russian Pension Fund. In addition to the difference in the amount of commissions that NPFs and management companies take, there is also this nuance: those who transferred savings to NPFs will be paid a funded pension at the time of retirement by this same non-state fund. In the case of a management company, the Pension Fund will pay the funded pension.

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The mechanism for investing funds from pension savings. What you need to know about pension savings. do not conduct any NPFs. When