NPF or the Criminal Code for retirement savings
Posted on Nov 11, 2000 08:15:27 AM
Five years ago Russia started pension reform. In 2002, the Federal Law “On Mandatory Pension Insurance in the Russian Federation.” The meaning of mandatory pension insurance is as follows. Each time, paying wages, the employer is mandatory transfers to the State for its employees a unified social tax (UST) at a rate of 26% of payroll, including 20% – for a pension. Until recently, all the money went to pay current pensions. However, the moment when Russian citizens were able to take care of your future.
Deductions of 20% going to form the three parts of a retirement pension:
1. The basic part – 6% of payroll is used to pay the guaranteed minimum for persons with work experience of 5 years (for today – 1035 rubles).
2. The insurance portion – 10% of payroll. Insurance account of salary and seniority, but its size is limited to government regulations. This part of pension contributions is to pay pensions to today’s pensioners.
3. Funded part.
Entitled to receive upon reaching retirement age are men under the 1953rd and women under born in 1957.
Translation funded portion of pension to NPF is one of the most reliable way to not only maintain but increase retirement savings.
Every year you have the right to choose the NPF, I have one to another, or move from RPC to the Pension Fund of Russia (PFR). Making the choice this year, you can change it in the next. Once a year, just like the RPF, NPF will send you a notice about your “savings” account. In addition, your personal statement you will receive information about his condition during the whole period.
In respect of OPS in the citizen has a choice: to pass retirement savings in the NPF (pension fund), or choose the Criminal Code. Services also DPO provides only SPF. Therefore, if and to talk about choosing between these two institutions, it is only in respect of compulsory insurance.
The choice in favor of NPF for future retiree is more preferable. This is confirmed by statistics. Despite the fact that funds are allowed to manage pension savings later Governors, currently in the NPF transferred pension savings of approximately 500 million rubles more than in the UK (in SPF – 6.8 billion rubles in the UK – 6.3 billion rubles) . This situation is understandable.
First, pension funds are more active in the fight for customers. Secondly, has raised funds in the DPO customers are increasingly committing serial step – send in your pension funds and retirement savings. Thirdly, the NPF in the eyes of investors seem to be more reliable because they have direct access to their individual accounts in the fund, and they know what is the size of their savings at the moment.
In favor of NPF said, and the stability of the results of management.
choice, fund, part of the client, pension, rating, storage,- Than risk a private investor
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