The basis of the current pension system in our country based on the principle of compulsory pension insurance. All citizens, employed, become insured. On the financing of pension insurance contributions, the employer must remit to the insurance (and for citizens, born in 1967 and younger-and the cumulative pension) contributions in the amount of 20% of the amount of the fees and other emoluments not exceeding 415 thousand rubles in favor of one employee.
The peculiarity of the funded part of the labour pension is that the insured person can affect its size, by investing their savings in the financial markets for income. Income from investments shall be credited annually on an individual citizen's account.
You can choose any pension fund or management company to manage part of the accumulation. And then the RPF will transfer this money based only on your statement. To do so can men (born in 1953 or later) and women (1957 r. and younger). When choosing NSPF you should first of all draw attention to the experience, the reputation of SPC on the market of non-government pension provision and on yield properties of pension savings. In addition, you should be familiar with the "investment portfolio" selected NPF. This also applies to the CRIMINAL CODE. When choosing a management company to the insured persons should pay attention to the investment Declaration, proposed by the company. It is an integral part of the contract of trust management funds of pension accruals and establishes a list of the assets in which pension savings can be accommodated.
As we have informed, the right to choose the CC and the APF can be implemented annually, no later than December 31,. If prior to this date, the citizen does not use given to it by law, the funds of pension accruals would be transferred to FLUS in the expanded state investment portfolio management company "Vnesheconombank". Until March 31, 2011 year Pension Fund of the Russian Federation will transfer funds of pension accruals in trust of the CRIMINAL CODE or NPF insured persons selected in 2010. More information can be found on the official websites of the management companies and pension funds, on the site of the FIU, in UPFR in Pavlovsk area, or in organizations with which FIU has concluded agreements on mutual certificate signatures.