Where to invest pension savings rating. NPF: which one to choose? Rating, reviews

Citizens of Russia who work legally have the right to pension contributions. They are given the opportunity to choose where to store their savings (in the Pension Fund or a non-state pension fund).

By law, the employer must transfer the pension to the Pension Fund account. At the same time, the transfer amount is 22% (most of it goes to create the insurance segment). The employee can manage six percent of the total amount of contributions independently. He has the right to leave this amount as part of the insurance pension (that is, all his pension contributions become insurance) or make a transfer to a non-state pension fund and receive dividends on them.

The legal regulation covers the period in accordance with which such a choice must be made. Based on the legal regulations, if the future pensioner has not chosen how to manage his pension by January 1, 2016, then all of it will be considered insurance.

Materiel

One solution to the problem is in the distribution and storage system. Contributions are still taken from workers, but now this amount is divided into two parts. One part is distributed among current pensioners, and the other part is retained by the employee so that he receives it when a pension is assigned.

While money accumulates, prices in the country rise and inflation gradually eats up savings. To compensate for inflation, funds must work and generate income. The state took care of this and appointed special companies to manage pension funds. Now every future pensioner has the right to choose who will invest his future pension.

We have already written about the compulsory pension insurance system in force in Russia. If you receive 100,000 RUR on the payroll (in hand - 87,000 RUR, minus 13% income tax), the employer transfers 30% above this amount (30,000 RUR) to the budget.

The savings part remains in the form of money, is not spent anywhere, but, on the contrary, increases due to the return on investment.

The state wants us to choose who will make this investment. The organization to which we give the right to work with our pension savings is called a compulsory pension insurance insurer. The insurer spins our money and the more interest it charges, the larger our monthly pension will be.

That's how much money you can lose this way. Let’s say the amount of the funded pension is 100,000 R, you have 30 years left to work, and your pension contributions will never be returned. If you do nothing with your pension, monthly payments for a funded pension may be 2.3 times less.

Amount after 30 years, excluding additional contributions

RUB 700,000

NPF, yield 10% per annum

1,600,000 R

Monthly increase in pension (the amount of savings is divided by 20 years)

VEB Management Company, yield 7% per annum

3000 R

NPF, yield 10% per annum

7000 R

Should I transfer the funded part of my pension to Sberbank 2019?

If the money remains in the state pension fund, from the end of 2016 it will be automatically credited to the general insurance part. This is the so-called default enrollment.

Advantages - no need to translate.

If you want to find out how to solve your particular problem, please contact us through the online consultant form or call:

the funds will not work - no interest rates are provided for them;
Only indexation carried out annually in accordance with the coefficient established by the government will be taken into account;
there are no guarantees of receiving your funds by the time of retirement;
These savings cannot be inherited.

If the money is transferred by the recipient (future pensioner) to a non-state pension fund, it will turn into investments and begin to generate income.

Advantages:

the increase reaches 8-14%, depending on the rating and profitability of the fund - the investor not only covers inflation, but also receives real profit;
the funds can be registered as an inheritance without any problems.

Flaws:

there is a possibility of dissolution of non-state PFs;
the fund may be downgraded in the rating system, and, therefore, a decrease in income for its investors.

If you completely abandon accumulative pension funds, the insurance part when registering pensions will be calculated taking into account 22%, which will increase the number of points.

Advantages:

payments will increase due to additional points taken into account by PF employees when
registration of a pension;
funds will be indexed.

Flaws:

there will be no additional annual profit, since the funds will not be considered an investment (interest on the fund’s income is not accrued);
funds cannot be inherited.

You can choose a non-state PF based on the entire list of such organizations compiled by the state PF and posted on its website. Funds that have been consistently in the top ten for a long time deserve special confidence.

This position is eloquent evidence of stability and reliability.

Of course, no specialist can give a 100% guarantee in this case.

The difficult economic situation and constantly changing inflation indicators do not allow us to make a long-term forecast in this area.

Profitability level. Indicators for the entire period of the fund’s activity are taken into account, and not just for the last year. If the rating does not contain information on this item, this means only one thing - the leaders of the organization are hiding the true state of affairs from the public. Such a “wake-up call” should alert a potential investor.
Reliability is determined by more than twenty-five parameters. The analysis is carried out for each quarter separately and for the year as a whole. After which the experts assign a certain class to the fund (a total of five classes are taken into account in the rating table).

A high class is marked with the letter “A”, a very high class is marked with “A”, and an extremely high class with “A”.

TABLE

And “Surgutneftegaz” received a high rating of reliability thanks to an impressive reserve of 15,349,000 rubles. This is one of the richest funds in the country.

Specialists also considered MNPF Big to be reliable in all respects. The fund has been operating since 1995, and its client base numbers more than 500,000 people. The organization has always fulfilled its obligations to investors even in the event of an unfavorable economic situation.

The second list of the rating is distinguished by a rather conservative financial policy, which increases its reliability in the eyes of experts. Client funds are invested by the Defense Industrial Fund exclusively in securities, bonds and shares.

Another fund with stable indicators of reliability and profitability is in fourth place. This organization participates in the state program for co-financing pensions. Experts have classified the Education and Science Non-State Pension Fund as one of the most reliable non-state funds.

How to get maternity benefits

you can find out by reading our thematic material.

Sick leave payments do not always go smoothly. You can find out how to arrange them correctly here!

How to correctly make entries in employee salaries - read our article.

The rating offered by us is not advertising and is based solely on information from the Central Bank of Russia. We selected the ten largest non-state pension funds in terms of the number of depositors and the profitability of pensions out of 68 for which the financial regulator has verified data. Management companies were not taken into account in the review.

Non-state pension funds are divided into groups depending on:

own property;
capital and reserves;
property to ensure statutory activities;
pension reserves and savings (at book value or market value);
the number of insured citizens and the number of persons receiving pension payments;
profitability of investing savings.

In terms of profitability, the Top 10 looks completely different. And we evaluate the fund by profitability, since managing the funded part of the pension is designed to generate income.

When comparing, it is clear that in terms of the number of clients and in terms of profitability, 3 funds were simultaneously included in the list of the best - NPF Sberbank, VTB and Soglasie.

As an example, let's look at how to transfer the funded part of a pension to GAZFOND. Use the proposed scheme if you intend to donate money to Sberbank Non-State Pension Fund or another fund you like from the list of the Central Bank of the Russian Federation.

To transfer to a new NPF, submit your application no later than March 1 of the current year or before December 31. In this case, your funded pension and the income received from it will be transferred to the new NPF from the beginning of the next year.

The procedure for changing insurer is simple:

Conclude an agreement with a non-state pension fund.
Notify the Pension Fund about this.

After you have entered into an agreement with the NPF you like, submit the documents to the Pension Fund. Here are the documents you will need at the Pension Fund:

application for transfer to another NPF;
identification;
SNILS;
agreement with the fund.

The Pension Fund will either satisfy your application to transfer the funded part of your pension to another fund or refuse. In case of refusal, you will be informed in writing of the reason.

For those individuals who approached the issue of forming their future pension with maximum responsibility and transferred the funded part to the NPF account, other options for managing funds have been identified.

In the case in which a citizen wants to retain the right to dispose of the savings portion and receive interest on it, he transfers the funds to a non-state pension fund. The company for which such a citizen works sends contributions in full to the Pension Fund account. The latter, in turn, divides the amount into insurance and savings (6% is sent to a non-state pension fund).

Where to transfer the funded part of a pension is a difficult task for pensioners. The solution to the question “where is the best place to transfer your pension” is to use two main ways to obtain additional income from pension savings.

The first selection method is considered the most popular. These are contributions to a non-state pension fund. They were created as part of the work of a banking organization and are considered one of its divisions.

The second method involves transferring the right to use royalties to a management company. It carries out financial management of its clients' deposits (trust management) in accordance with its charter.

The differences between the two methods are related to the conclusion of an agreement on compulsory pension insurance for clients. In non-state funds it is considered mandatory for signing. The level of profitability will also differ depending on where you invest your savings.

In order not to become a defrauded investor and not be left with nothing after retirement in old age, you should choose a non-state pension fund with extreme caution. Assessing its performance involves analyzing the main indicators of its performance. These include the degree of reliability, financial reputation, stability and riskiness of deposits, and return on investment. The result will be a decision on which pension fund the citizen should go to.

Management Company or Non-State Pension Fund

If you are so knowledgeable about investments that you know how to choose a management company and investment portfolio, tell us about it in the comments. For others, it’s easier to choose NPF as their insurer and leave the rest to professionals.

Determining a place to invest savings

An example of management companies is Vnesheconombank. The task of the organization is to work on investing invested pension savings. Clients' funds can only be invested in low-risk assets.

After transferring your savings, you can choose the investment method, the conditions for their implementation, and create your own investment portfolio:

Creating a basic portfolio. This includes low-risk government securities and bonds of domestic organizations.
Expanded view (mortgage-backed securities and bonds of foreign organizations are added).

The activities of non-state pension funds are structured along a different path. To transfer the savings portion, you should carefully study the selected NPF, assess the risks of investments, and its profitability. The translation procedure is as follows:

selection of a non-state pension fund, analysis of its advantages and possible risks.
conclusion of an agreement on compulsory pension insurance.
Transfer of data to the territorial body of the Pension Fund of the Russian Federation on the transfer of funds to an account with a non-state pension fund.

When choosing a non-state pension fund, it is worth studying what type of fund it is related to. Highlight:

Captive funds, which promote corporate programs within an organization. These are the Transneft and Neftegarant funds. They have a large reserve of savings.
Corporate foundations work to serve the programs of their parent firms. The level of savings is growing annually (Norilsk Nickel).
Universal funds work with both individuals and companies. These include, for example, “Kit-Finance”.
Funds belonging to the territorial type operate with the support of the local administration (Khanty-Mansiysk Non-State Pension Fund).

Reliability

Another important indicator is the life of the fund. The first NPF appeared in our country in 1990. Until 2005, they were only involved in additional pension provision: they formed a second pension.

If the fund arose before 2005, it means that its creators did not simply intend to make money on pension reform. The longer the period of operation of a non-state pension fund, the greater the experience, the more stable the organizational structure, and the higher the readiness for crises. (This is in my opinion. This is how we all live in Russia - a country where everything is possible.)

Currently, the NPF market is undergoing a process of consolidation of players, and small funds are constantly merging or being absorbed. So, if you choose a small fund, be prepared to constantly change names and addresses. Data on the number of clients and the volume of pension savings are posted on specialized websites.

Profitability levels can be found from a conservative company with a reputation - “Central Bank”.

Where is it more profitable to invest the funded part of a pension - ratings of profitability and reliability of non-state pension funds

The non-state pension fund where I worked also once compiled a profitability rating in which it took first place: for this it was necessary to select the 20 largest funds and take indicators for 3 years only among them.

Therefore, when they tell you about profitability, specify for what period. The performance of the fund can be judged by its profitability for at least 5 years: if on average it is close to 10% per annum, this is a good indicator.

How to find out where the funded part of the pension is located?

All citizens of the Russian Federation receive information about the status of their personal account. It reflects data on the amount of the insurance part and the savings part. To find out where the deductions are, you can use one of the following methods:

Contact the territorial branch of the Pension Fund for clarification. This is considered the fastest and most reliable way, since this organization contains all the information on pension contributions.
If it is not possible to submit an application to the Pension Fund, you should contact the accounting department of the organization in which you work.
Follow the links to the government services website. In the database, when you enter SNILS data, information is provided about where pension contributions are located.
The last way is to contact the banking institution where the Pension Fund has a cooperation agreement.

Service

Test the selected non-state pension fund for customer focus. See if it’s easy to find the information you need on the site, find out if you will have a personal account and what information you can get there, call the hotline and see how quickly they answer the phone.

At the NPF branch you can submit an application for inheritance or payment of a pension, and in case of a conflict, you can come to the insurer’s office and raise a row. Without a representative office, all this can also be done, but by mail or via the Internet.

The funded part of the pension – what is it and how is it formed?

Today, this is one of two independent types of pensions with its own function and formation principle. It is not transferred to everyone - depending on age, participation in the state co-financing program and other factors.

Since the middle of the second decade of the 2000s, people from the 67th year of birth can choose either an insurance pension or add a funded pension to it.

These additional savings are intended exclusively for the employee - they are not used to financially support current retirees.

The employer pays for the pension insurance of subordinates at the rate of 22% of the employee’s wage fund. Of these, sixteen are contributed to the basic, guaranteed insurance fund for pensioners throughout the country. And the balance is recorded in the worker’s individual personal account with the Pension Fund: thus, the future personal pension is accumulated throughout the entire career.

It can also be replenished:

voluntary investments of any size;
maternal capital;
co-financing.

This component of insurance is not indexed by the state - it is defenseless against inflation. Therefore, it is better to find a company to manage these finances: specialists can invest money with benefit for the investor.

Application for transfer to another PF

In the recent past, there was a program whereby it was possible to take care of increasing future pension payments. In the program, participants could choose the type of pension savings, depending on this, in the future they would receive insurance or insurance together with the savings part.

The second additional part is not affected by point accruals; it grows due to investment and represents the amount of money in an individual account; in addition, it can be inherited in accordance with the legislation of the Russian Federation. Like other investments, this investment may be transferred subject to certain conditions being met.

The additional funded part of pension funds may be located in a number of organizations:

PFR (Pension Fund of Russia);
Non-state pension funds.

Changing an insurer is subject to certain rules:

occur when changing the Pension Fund to a non-state pension fund for storing the funded part and vice versa;
when changing one NPF to another;
if the management company changes, the insurer remains the same;
It is possible to change the insurer no more than once a year.

How to choose a non-state pension fund

Choosing a non-state pension fund is a purely individual exercise; the right to choose remains with the person wishing to place their savings funds. At the same time, most citizens do not have enough market knowledge to wisely invest money in a stable and profitable company.

However, it is worth paying attention not to the promises of agents or the example of friends, but to the actual economic indicators of companies:

first of all, a person should become familiar with how profitable the investment will be and compare these data, they vary for each fund, but if a pensioner plans to invest money more profitably, it is worth paying attention to this point;
how much assets the organization currently has, on which the stability of the percentage increase depends, as well as reliability; NPFs, unfortunately, sometimes go bankrupt; those who trusted them to receive back the deposited funds, but in this case interest will not be paid;
are there any shareholders with large assets, which would allow us to talk about the reliability of the investment;
service system, ease of use of the company’s services;
known financial indicators, news covered in various media;
Last but not least, proximity to home.

In addition, each company has a so-called reliability index, divided into 5 levels, the best is considered to be level A, such organizations can be safely trusted to invest savings, the worst rating is E, which indicates that the company does not have a license to carry out such activities at all. activities.

According to the latest data, more and more Russians give preference to non-state pension funds over state organizations.

Who is eligible

The pension savings account is individual for each person; the right to transfer can only be exercised by this person upon a preliminary application, if he submits the application no earlier than one year after the previous application.

At the moment, the document dated December 20 last year froze pension savings, which applies specifically to non-state pension funds.

Recently, there was a certain type of fraud, which consisted in the fact that criminals, under a plausible pretext, found out the numbers of a pension insurance certificate and, without the knowledge of the owner, illegally transferred savings from the Pension Fund and non-governmental organizations.

Transfer of funds from state to non-state PF

The procedure will include: contacting the branch of the organization at your place of residence (official registration); submitting an application for transfer of funds. It is possible to submit an application remotely when using courier services and notarizing the signature

Transfer from non-state to another non-state PF

It is necessary to submit a corresponding application to the multifunctional center, or personally contact the local branch of the Pension Fund of the Russian Federation; it is also possible to use the services of a courier or mail, subject to mandatory compliance with the conditions of notarization of the signature. You can also apply for certification from an organization that has an agreement with the Pension Fund on certification of signatures

In some cases, the transfer becomes mandatory, for example, when a non-governmental organization is deprived of a license, the death of the individual account holder, or the termination of the contract.

When submitting your application, you will need to provide the following documents:

identification document;
SNILS (pension insurance certificate);
the statement itself.

On this basis, the application will be reviewed and the funds will be transferred to the desired organization.

The application for transfer of funds shall indicate the following data:

passport details of a person who has pension savings and submits a corresponding application to transfer them from one fund to another;
SNILS number;

whether the person is currently working and whether there are other persons under his or her care;
A legal representative can also submit an application; for this purpose, under the passport details of the person with pension savings, the details of this legal representative are also indicated;
Next, select the column “make a transfer from...”

Is it worth it

Transferring funds to a state pension fund from a non-state fund or vice versa has its pros and cons; whether it is necessary to transfer the funded part of a pension from one fund to another is everyone’s business.

The main aspects to consider include the following:

in NPF funds will increase much more significantly, since interest rates are higher;
a good NPF has a transparent system, allows you to track the status of your account and be aware of changes;
right of inheritance;
if a person changes his opinion about the reliability of the fund, it can be changed;
even if the NPF is declared bankrupt, the invested funds will remain with the investor, but without interest;
at high interest rates, NPF cannot guarantee their constant value, which is indicated in the contract.

Co-financing programs, dividing pensions into insurance and savings parts were designed to force citizens to take a more responsible and conscious approach to the issue of providing for themselves in old age, and made it possible to more actively participate in the formation of future payments through the choice of the type of pension and the fund that is intended to increase these savings.

Despite a number of disadvantages, the transfer of part of the funds can be justified not only by higher interest rates, but also by the fact that many non-state pension funds have established themselves as reliable partners with transparent operations and good service during the implementation of the program.

Those who are approaching retirement age soon will not be able to take full advantage of the program, since the period of contributions is too short for the accumulation of a significant amount in an individual account, but the younger generation who has taken advantage of the program will appreciate its effectiveness in decades.

This happened to me when I was deceived into transferring to another fund. In 2015, I entered into an agreement with NPF. At that time, the savings account had 43,000 RUR. For two years, my NPF invested money, and I received income. When the scammers transferred me to a new NPF in 2017, everything I earned was burned, and the original 43,000 RUR remained in the account. Over these two years, I lost 3,700 RUR.

The lost money could work for the entire time remaining until retirement. Over 30 years, with a return of 10%, the initial amount increases 16 times.

Then an application to change the private fund is submitted to the Pension Fund using standard personal documents.

In this case, two options are possible:

A “fast” application ensures a change to another insurer five years after submission. All investment income is preserved and quietly transferred to the new manager.
An “early” application transfers funds to the new insurer in the first quarter of the year following the year of application. And during this time there will be no profit - the previous company no longer cares about the deserter’s money.

It is worth noting: those who are especially enterprising may come up with the idea of placing several companies at once and distributing the savings portion between them. But according to the law, two different NPFs cannot take care of increasing the account of one person.

Formation of the funded part of the pension through non-state pension funds

Citizens' insurance accounts are located in the Pension Fund of Russia - which means the money is managed by the state, more precisely by the All-Russian Economic Bank.

Conservative and profitable investment portfolios are formed with a focus on profitability, but with minimal risks.

There will be no significant increase in funds - and safety is guaranteed quite firmly. Therefore, Federal Law No. 111 gave people the opportunity to decide for themselves who to appoint as an investor.

You can only entrust money (even together with the insurance part) to non-state licensed pension funds.

You can find out about the presence/absence of a license and the profitability of candidate companies on the Central Bank website.

The largest corporations are engaged in investing pension insurance contributions: industrial (for example, Gazprom, Safrmar) and financial (VTB banks, Sberbank).

Please note: when a fund’s license is revoked, all accounts are returned to the home Pension Fund – but the income received is lost.

How to transfer money

To transfer money to a non-state pension fund, you will sign several documents:

Agreement on compulsory pension insurance. There will be three copies of the agreement in total, each of which you will sign in at least two places.
Transfer Applications. Usually, just in case, clients are given two statements to sign at once: on the transfer from the Pension Fund to the Non-State Pension Fund and on the transfer from the Non-State Pension Fund to the Non-State Pension Fund.
Consent to the processing of personal data.

The agreement will not come into force immediately, but next year, from January 1 to April 1. If you sign a contract today, you still have time before the end of the year to change your mind. The NPF will begin working with your money only in 2019.

"Gazfond". It has been operating since 1994. The founders are the companies PJSC Gazprom, Gazprombank, Gazprom Dobycha Urengoy LLC, Gazprom Dobycha Yamburg LLC, Gazprom Transgaz Saratov LLC. Acts as a co-founder of the union of pension market participants on a professional basis. Has an A rating according to Expert RA. It is considered the largest fund with the maximum return on deposits and the amount of its own reserves.
NPF "Sberbank". Founded in 1995. The management company is PJSC Sberbank of Russia. It is distinguished by its reliability and positive customer reviews. It has its own reserves to cover losses of pension savings investors.
Lukoil-Garant showed good performance results in 2018. Serves about 14% of clients in the country annually. The amount of savings is about 250 billion rubles. A reliability rating assigned.
Promagrofond was founded in 1994, and since 2016 it has become part of Gazfond. The amount of savings is about 8 billion rubles. Actively attracts clients and ensures the maximum degree of reliability of their funded part of their pension.

Procedure:

You need to choose a non-state company and conclude an agreement with it.
An application is then submitted to the local office of the country's main government fund in person or by mail.
Monitor the growth of the funded part of your pension using Internet services, SMS messages and personal agents.

To draw up an application and conclude an agreement, you need a passport and a green SNILS card.

Second pension

Above we talked about how to receive a pension from the state. But you can also create an additional, non-state pension for yourself. Until 2005, NPFs did just that.

For example, all employees of Russian Railways, in addition to mandatory insurance contributions, had contributions for additional pensions deducted from their salaries and sent to the corporate non-state pension fund. Now these pensioners receive two pensions: state and corporate.

Remember

Where is the best place to transfer?

Pension contributions can be made to state and non-state pension funds. Everyone has the right to choose where to transfer the funded part of their pension.

Since 2014, the pension reform has undergone changes; the pension has been divided into insurance and funded parts.

The funded part can not only be accumulated in a state pension fund on general terms, it can also be invested in a non-state company. Each method has its own advantages and disadvantages.

The state pension fund is more popular. This is due to the fact that in this way the citizen receives a guarantee of the safety of his contributions. The popularity of the Pension Fund is also associated with the fact that many citizens are in no hurry to give their savings into private hands, not trusting private companies.

At the same time, more and more citizens are beginning to trust non-state pension funds. The percentage of employed citizens who transferred their savings to NFP is growing year by year.

In 2017 alone, the entire volume of funds held in private pension funds increased to 2.060 trillion. rubles, and the number of clients from 29 to 32 million.

Currently in Russia there are about 100 non-state pension funds that have a license to operate. The most popular non-state pension funds in Russia at the beginning of 2018 were:

OJSC NPF Gazfond Pension Savings;
JSC NPF Sberbank;
JSC NPF LUKOIL-GARANT;
JSC NPF FUTURE;
JSC "NPF Electric Power Industry".

It is these non-state pension funds, according to customer reviews, that offer the most favorable conditions for transferring the funded part of the pension.

Despite the fact that NPFs are not widely popular among the population, many agree that such a transfer is beneficial in terms of savings. The main advantages of switching to a non-state pension fund include: income and high interest on savings.

Some private pension funds have the opportunity to increase their income and, accordingly, the client’s income by 3-4 times, so the profitability of such an investment is clear. Advantages:

Inheritance of savings.
Pension Funds and Non-State Pension Funds have different mechanisms for inheriting savings. In the first case, only relatives receive them, in the second, any person specified in the pension insurance contract.

If the client does not live to retirement age, the funds will not be lost, but will go to the heir.
Agreement.
NFPs differ from state ones in that they have a better established mechanism for drawing up an agreement.
The Pension Fund of Russia is responsible to the citizen in accordance with the law and does not go beyond this framework. NPFs can offer the client a wider list of conditions and rights before the court, according to which the security of the deposit increases.
Taxes.
The entire funded part of the pension is tax-free, which allows you to receive the full amount.
Transparency of activities.
NPFs must annually submit reports to inspection structures.

Along with the advantages of NPFs over Pension Funds, there are also a number of disadvantages. The main one: the inability to predict whether the company will remain afloat in the future.

Economists note that by the end of 2018, about 30% of private organizations will go bankrupt, so NPF clients should expect shocks.

To become a client of a non-state pension fund, you must first decide which fund the savings will be transferred to. After this, you can choose the most optimal way to transfer savings to NPF:

personal visit;
application through the government services portal;
a written application to the NPF address by mail;
by proxy through a proxy.

Of the documents required for such a transition, you only need a passport and SNILS. After all documents have been provided and an application has been written, the client is transferred to the selected pension fund. But there are certain nuances.

Currently, non-state pension funds are beginning to gain popularity among clients, this is primarily due to the high percentage of profitability. By the time of retirement, a non-state pension fund client can accumulate substantial capital, which will allow him to make his old age comfortable.

Pensioners include citizens of Russia who:

have reached a certain age (men – 60 years, women – 55 years) and have accumulated sufficient work experience (from six years);
have a disability due to health reasons (disabled people of groups 1, 2 and 3 fall under this category);
deprived of the opportunity to work independently, lost the breadwinner who was their dependent.

Also, Russian legislation offers the possibility of early retirement for doctors, teachers, mining workers, workers in the Far North, mothers of many children, etc.

In 2018, the labor pension is divided into two independent parts:

The insurance part is formed through insurance contributions that go to the State Pension Fund and amounts to 16% of the salary of the future pensioner.
The funded part is formed on a voluntary basis, amounts to 6% of the employee’s salary, it can be transferred to a Non-State Fund.

Experts remind: from 2016 to the end of 2017, the Government of the Russian Federation declared a moratorium on the funded part of pension contributions. This means that the funds allocated to the funded part are included in the insurance component, which will now be 22% and will go to the needs of the state - the payment of pension benefits to real pensioners.

Not all future pensioners can form the funded part, but only those who were born in 1967 and later. This part has its own characteristics:

having an individual account in which finances are saved and accumulated;
protection from the state (it does not have the opportunity to withdraw and spend them on the needs of the country);
dependence of its future size on investment by the management company;
individual choice of a future Pension Fund pensioner (either state or non-state);
vulnerability to inflationary losses.

In connection with the introduction of a moratorium on the funded component of the labor pension, the government provided citizens of our state with the opportunity to decide on the method of forming this part. You can leave it as part of the insurance component, or you can transfer it to the Non-State Pension Fund (NPF).

The answer depends on the awareness and financial literacy of the insured.

If there is no inclination and desire to plan for decades in advance, there is no time to be interested in the state of the financial market and do not want to risk even small savings, or there is no confidence in the bank’s intentions to look after not only its own benefit - such a person is safer keeping money in the Pension Fund.

We must also not forget that the funded part is formed from official income. And legal employment is not always profitable in terms of salary. Here it doesn’t matter at all that the money “doesn’t work” - it simply doesn’t exist.

Well, those who want to try their luck in search of a better financial share in old age can switch to a non-state pension fund. The main thing here is where to transfer the savings and how well the chosen company will work.

Funds that were invested in the savings portion of a non-state pension fund, also known as NPF, can be inherited if a person dies before reaching retirement age. How to find out the amount of the funded part of a pension Since this year, everyone can receive such information free of charge once a year by writing an application. You must contact the territorial office of the Pension Fund of the Russian Federation at your place of residence or work.

The statement can also be obtained from banks with which the Pension Fund has entered into an agreement. Who is entitled to a one-time payment from the accumulated part of the pension? A one-time payment from the accumulated part of the pension is due to the following: Persons receiving benefits due to disability; Those who accept assistance from the state due to the loss of a breadwinner;

For those who paid from the year until the year, the compensation was cancelled; Citizens receiving state security benefits, but they were not able to retire in old age, taking into account their age and length of service; Those who participate in the state program for co-financing and the formation of pension savings, at the same time, made a first contribution.

Registration in this program is no longer possible. It ended at the end of the year; Citizens who already have pension savings, since they have already been cancelled. What are the insurance and funded parts of a pension? The accumulated part of the emeritus is its labor part. It is formed from pension savings in a specially designated part of the personal account of a citizen of the Russian Federation.

The calculation formula is simple: The insurance portion will depend on the length of service of the insured person and his salary. Freezing the funded part of the pension Russia is in a rather difficult economic situation. European sanctions and much more led to the need to introduce the concept of freezing pensions.

It is important to know what: What to do for silent people this year If you still have not decided what to do with the funded part of the pension, where to transfer it, you have another year to make a decision, because they are still choosing an organization to work with pension payments. Where to transfer the funded part of the pension - rating Many are puzzled by which NPF non-state pension fund to give preference to.

Sberbank - pros and cons of NPF Sberbank is a non-profit organization. It began operating more than 20 years ago. Agree, few such organizations can boast that they have been operating for so long. Sberbank serves more than 3 million clients.

This organization is a leader in the ratings of the main Russian agencies. She was the first to join the pension insurance system. Judging by customer reviews, the main disadvantage is that the profitability of this company is not very stable. It is recommended to constantly monitor this indicator. This can be done by logging into your personal account on the website of this NPF.

Remember

The funded pension is managed by two insurers: Pension Fund or Non-State Pension Fund. If you do nothing, the money will remain with the Pension Fund and VEB Management Company will invest it.
When choosing a non-state pension fund, make sure that your savings are insured.
A good NPF gives a yield of 10% per annum.
It is convenient when the fund has a branch in your city.
The size of the fund is an additional indicator of reliability. Large funds have more than a million clients.
Test your future fund for customer focus. A good NPF will provide all the information on the website and answer questions via the hotline.
To transfer money to a non-state pension fund, go to a branch of the fund or invite an agent to your home. Prepare your passport and SNILS.
If you change NPF more than once every five years, you will lose investment income.
In addition to the state pension, the NPF will help with saving for an additional pension.

The pension reform has made us think about how to save for retirement. I found out that in addition to non-state pension funds, you can transfer your funded pension to a private management company. Part of this has already been written, has anything changed over the past three years?

A number of questions also arose:

Is it possible to withdraw money from the Pension Fund now or is it too late? Where is it better to invest if you don’t want to leave money in the Pension Fund: in a non-state pension fund or in a management company? How to choose a reliable and profitable company for pension transfer and what indicators to pay attention to? How to choose a suitable investment strategy for management companies and mutual funds for investments?
What are the risks of transferring a pension? Who, besides the DIA, guarantees the safety of money in the event of bankruptcy of a non-state pension fund or management company? Where are the savings themselves stored?
What tax benefits and deductions are available for those who decide to transfer their pension? Is it possible to get a deduction if the employer transfers a pension to a non-state pension fund or a management company?
What is the transfer procedure? What forms and applications need to be filled out and where to submit them?

First, figure out what’s wrong with your funded pension

Deductions for the funded part did not always exist and not for everyone. If you were born before 1966, you either have no pension savings at all, or they are small because they were formed from 2002 to 2004.

Where is the best place to invest?

The state wants us to choose who will manage our pension savings. The organization to which we give the right to work with our pension is called the compulsory pension insurance insurer. The insurer can be the Pension Fund or Non-State Pension Fund.

Pension Fund and state management company. If you do nothing and don’t transfer anything anywhere, the Russian Pension Fund becomes the insurer. He will direct your funds to the state management company Vnesheconombank (VEB), to the “Extended” investment portfolio. Those who choose this option are called “silent people.” You don’t have to be “silent” and choose VEB Management Company through an application.

If you decide not to leave money in a state management company, you have two options: a private management company or a non-state pension fund.

Private management company. In this case, the insurer will still be the Pension Fund of Russia, but it will send pension savings to the management company that you choose from the proposed list.

Non-state pension fund (NPF). He also gives your money to management companies, but not just one, but several. The fund will choose these management companies itself.

Nobody knows which option will ultimately be the best. I chose a non-state pension fund because I don’t want to trust my future pension to just one management company. I hope that professional investors from non-state pension funds will distribute money between management companies and their investment portfolios better than me.

Customer focus. Check whether the management company’s website opens, whether the necessary information is posted there: profitability, term of work, investment strategies, and whether it’s easy for you to find all this.

Also important is the willingness of company employees to help potential clients in all matters related to compulsory pension insurance. Check whether the free hotline works, whether it’s easy to get through, whether the operator has information about profitability, and whether he can tell you how to apply to switch to them.

Investment portfolios. Some management companies offer to choose another investment portfolio. This is an investment strategy: a portfolio involves the purchase of predetermined securities. In this case, look at the yield for each portfolio separately. You are right when you compare them with mutual funds: the essence is similar. In the same management company, you can choose different strategies for investing pension money: aggressive or conservative type of management. For those for whom profit is more important than reliability, the first type of portfolio is suitable, and vice versa.

For example, VEB Management Company has two portfolios: “Extended Portfolio” and “Investment Portfolio of Government Securities” (GS). The expanded portfolio is an aggressive strategy, and government securities is a conservative one. “Molchunov” was placed in the extended one, and you can remain in VEB, but choose a conservative portfolio.

To understand what a specific investment portfolio is, find the investment declaration for it on the management company’s website. In it, the management company tells what assets it will buy with money from this portfolio.

What guarantees are there for the safety of a funded pension?

Previously, VEB Management Company invested the money of “silent people” only in government securities, and non-state pension funds and private management companies - in bonds, shares and currency. Therefore, transferring a pension meant increasing risk. Now the “silent people” have been assigned to an expanded portfolio, which also involves investments in foreign currency, Russian and international bonds.

Now it is not clear where the risks are higher: in Vnesheconombank, in other management companies or among clients of non-state pension funds. But for all three categories, the Deposit Insurance Agency guarantees a return on investment in the event of bankruptcy or revocation of a license. Unlike bank deposits, there is no maximum amount for pensions beyond which the guarantee is not valid. But the DIA will not return the accumulated profitability - only the nominal value.

In addition, the provisions of laws, authorities, non-profit organizations, a specialized depository, an independent auditor and an independent actuary work to ensure the safety of pension money.

Federal laws. By law, pension savings are budget money and cannot be used as collateral. This money cannot be taken from a non-state pension fund for debts or seized, if these are not debts to those insured in the NPF themselves. Management companies do not have the right to dispose of funds as they wish: the law specifies investment principles and the obligation to insure risks.

The Russian Pension Fund also controls NPFs, and is responsible for the actions of management companies as an insurer.

Non-profit organizations. The funded pension is monitored by the Public Council for Investment of Pension Savings and the Association of Non-State Pension Funds. They arrange inspections, take measures to eliminate violations, collect reports, and develop rules for the activities of non-state pension funds.

Specialized depository stores pension funds and exercises daily control over non-state pension funds. This organization sets up an account for the management company when it purchases securities. There they are stored under accounting and protection, and a special depositary controls each transaction. If it reveals irregularities in the work of a fund or company, it is obliged to notify the Central Bank and the Pension Fund of the Russian Federation on the next business day. Also, a specialized depository controls transfers for payments from pension savings. Therefore, the owners of a non-state pension fund or management company cannot take your money and run away with it.

Investing always involves risks, but the pension savings market is most protected from them.

What benefits and deductions are given for transferring a funded pension?

None. You probably asked about this because you heard about non-state pension programs (NGOs). This is the second pension, we will also write an article about it soon. It is formed in the same way as state pension savings, but you make the contributions, not the employer. The funded pension is part of the compulsory pension insurance system (MPI), and NPO is a voluntary matter.

There are corporate programs for co-financing NGOs - this is when you pay contributions in half with the employer: one half is deducted from your salary, the second is added by the company. This is a voluntary matter of the employer, part of the social package, like VHI.

There is indeed a tax deduction for participation in such programs, but the transfer of a funded pension has nothing to do with it.

How to translate

Pension savings will be transferred to a management company or non-state pension fund the next year after submitting the application.

To transfer money to a non-state pension fund, you will sign several documents:

Agreement on compulsory pension insurance. There will be three copies of the agreement in total, each of which you will sign in at least two places.
Transfer Applications. Usually, just in case, clients are given two statements to sign at once: on the transfer from the Pension Fund to the Non-State Pension Fund and on the transfer from one Non-State Pension Fund to another Non-State Pension Fund.
Consent to the processing of personal data.

When you transfer to a non-state pension fund, you can lose several years of investment income - the money that the pension fund earned from your savings. This occurs when insurers change more than once every five years and is called “early switching.” Without a penalty, money is transferred only in a certain year - this will be an urgent transfer. In 2020, the following can apply for a transfer from the Pension Fund to the Non-State Pension Fund without loss:

those who started working in 2011 or earlier and did not change insurer after 2011. The year of their urgent transition was 2016, and then 2021;
those who changed insurers in 2016. To do this, it was necessary to submit an application for transfer a year earlier, in 2015. Then the next year of urgent transition is 2021.

In all other cases, you will lose some of your profitability. For example, if you changed the fund in 2017, and in 2020 you decide to change it again, you will lose the investment results for four years: from 2017 to 2020. The year of transition without losses in this case is 2022, the application must be written in 2021.

To the management company. You can submit an application in person to the Pension Fund, through the MFC or through the government services portal after full registration on the website. There is no need to conclude an agreement with the management company, since the pension fund remains the insurer, and you are already registered there. You also do not need to contact the management company itself.

When changing Vnesheconombank to another management company, there will be no penalty for early transition, because the insurer does not change.

What should you do

Is it worth translating? Find out how much you have in retirement savings. Estimate the investment period - this is the period that remains for you until retirement. Please note that savings have not yet increased at the expense of the employer, and the profitability of non-state pension funds and private management companies is higher than the state one over long periods, 5-10 years. Then it will become clear to you whether it is too late or not to transfer savings now.

Decide what is best for you: a non-state pension fund or another management company within the Pension Fund of Russia.

If you decide to change the management company. Find out the profitability of your potential company, whether it offers investment portfolios, and what is their difference. To do this, explore the site, talk to the hotline. As a result, it will become clear whether it is worth contacting them.

If you decide to switch to a non-state pension fund. Find out from the pension fund in which year an urgent transfer is possible. There they will tell you the amount of possible losses in case of early withdrawal.

If the urgent transition is next year, choose a fund and call them. If you cannot switch to a non-state pension fund next year without losses, you can change the management company for now and wait for the period for an urgent transfer to arrive there. Remember that you need to write an application for transfer in the previous year. For example, if you find out that the urgent transition will take place in 2021, you enter into an agreement in 2020. Then from January to March 2021 it will come into force and the profitability will remain the same.

The pension system of the Russian Federation implies two types of pension for a working person - insurance And cumulative. Both of them consist of money paid to the Pension Fund by the company where the future pensioner works.

And, if an insurance pension is formed for all employees without exception, then the possibility of forming a funded pension is determined by the citizen independently. If the decision is positive, the employer's accounting department will transfer a sum of money in the amount of 6% of his salary to the employee's future funded pension, otherwise these funds will go to the insurance part of the pension.

Important! Every citizen of the Russian Federation who is officially employed is required to form his own pension. Currently, for each person, the total amount of pension contributions is divided into two equal parts, and is replenished by the employer through the payment of taxes and contributions. These contributions to the pension fund must be made by each enterprise. More details: for the employee?

In this regard, the question arises: why does a person need this type of pension insurance?

The answer is simple: this is the only part of the state pension, the management of which is placed in the hands of the future pensioner.

Regarding the funded pension, a person can choose:

what volume of contributions to the Pension Fund will be sent by the employer to replenish the funded pension;
whether to form it from additional sources;
who will be the heir in the event of his death;
who will pay the funds upon achievement;
how savings will be invested throughout their formation.

The last option, namely where to invest the funded part of the pension, will be discussed in this article.

The funded pension, unlike the insurance part, which goes to pay current pensioners, is not spent anywhere (see). Funds transferred by companies on behalf of their employees to the Pension Fund of Russia are stored in special accounts. And in order to prevent them from being “eaten up” by inflation, the law provided for the mandatory investment of this money.

The law invites citizens to choose how to invest their savings. In simple terms, a future pensioner can transfer the funded part of the pension:

to a state management company;
to a private management company;
to a non-state pension fund.

The decision where to transfer the funded part of the pension will also determine who will pay it when the person reaches retirement age, i.e. who will be the insurer? In the first two options it will be a state pension fund, in the last - a non-state one, i.e. private foundation.

Why transfer the funded part of your pension to a non-state pension fund?

It seems that keeping your savings in a government institution is safer and less risky. But there are a number of certain advantages to transferring the funded part of your pension to a non-state pension fund, for example:

Most often, the profitability from investing savings that private funds receive is higher than the indicators of the Pension Fund of the Russian Federation.
Non-state companies are more customer-oriented. In most of them, the client is given access to a personal account, the opportunity to consult on any issue during a personal visit or through free Hotline channels, individual service and maintenance.
A special agreement is concluded between the fund and the client.

Additionally, you need to take into account that a non-state fund is not just a private company that takes citizens’ money under its management. This is a specialized organization whose activities are strictly regulated by law and subject to licensing. It is subject to strict requirements, compliance with which is regularly checked by government organizations (Central Bank, Ministry of Finance, Accounts Chamber and others).

Moreover, the funds managed by the NPF are insured in a special guarantee system. Therefore, even if something happens to the fund (bankruptcy, license revocation, etc.), the savings will be reimbursed.

How to transfer the funded part of the pension to the selected NPF? To do this, you need to perform two main steps:

Conclude an agreement with the Pension Fund;
Submit a corresponding application for transfer to the Pension Fund.

To conclude an agreement, you can drive directly to the company’s office or leave a request by phone or on the website. Most often, agents and employees make an appointment with potential clients at a location convenient for them.

When concluding a contract you need:

Passport;
Insurance certificate (SNILS).

Also in the contract, if desired, you can specify the details of legal successors, who, in the event of the client’s death, will receive his savings in the form of a lump sum payment.

You must submit an application for transfer to the Pension Fund by choosing one of the following methods:

During a personal visit to any office of the Pension Fund of the Russian Federation;
By mail (the document must be notarized);
Through public service centers “My Documents” (MFC);
Online through the State Services Portal;
Online through the PFR personal account.

To apply you will need:

Passport;
Insurance Certificate();
An agreement concluded with a non-state fund.

You can transfer and change funds annually, but you need to take into account the following features:

You can change your insurer no more than once a year;
Transfer applications are divided into two types:
Transfer Application – an application to transfer savings to a new insurer after 5 years;
Application for early transfer - application for transfer next year;
When applying for early transfer, the person will lose the investment income received by the previous insurer;
When applying for a transfer after 5 years, the positive investment income is maintained. If negative income was received, then the losses are compensated through the insurance system.

Features of transferring a funded pension to a non-state pension fund in 2018

Applications for transfers are accepted by the Pension Fund of the Russian Federation until December 31, and are considered and executed later.

If you submit a regular application for transfer in 2018 (not early), then the transfer of the funded part to the NPF will be made in 2023. If you submit an early application, your savings will be transferred to the selected insurer in March 2019.

Interesting fact! Since 2014, the funded pension has not been replenished by new employer contributions. This is due to the introduction by the state of the so-called “moratorium”, which will last until 2020.

Where is it better to transfer the funded part of the pension in 2018 according to the NPF rating?

There are more than 30 funds operating in the pension market. You can decide where exactly it is best to transfer the funded part of your pension using the NPF ratings. There are many ratings, but the main indicators for ranking are:

Return on investment (shows how successfully the fund copes with its main task);
Number of customers (shows the degree of customer trust in the company);
The amount of savings in management (an indirect indicator of customer confidence, as well as an assessment of the scale of the organization’s activities).

In 2018, the leader in profitability is NPF Gazfond Pension Savings.

The first place in terms of the number of clients is occupied by Sberbank Non-State Pension Fund, and it also holds the lead in terms of the amount of funds under management.

So, ratings for clients and the amount of money under management show that the majority of citizens trust the Sberbank pension fund. To transfer the funded part of your pension to Sberbank NPF, you can take into account both these factors and its other advantages:

is owned by one of the largest banks in Russia - Sberbank;
maintains a transparent investment policy;
convenient website, services.

In terms of profitability, Sberbank NPF is not even among the top 10 leaders, but it occupies far from the last positions in this ranking. The fund's return relative to the entire market can be called high.

To transfer savings under the management of Sberbank, you need to enter into an agreement with the company. NPF office address: 115162, Moscow, metro station. Shabolovskaya, st. Shabolovka, 31G, 4th entrance, 3rd floor. You can also conclude an agreement in the branches of the bank itself; for more detailed information, it is advisable to first contact the employees by calling the hotline.

The next step is to submit an application to transfer money to the Sberbank Non-State Pension Fund to the Pension Fund of the Russian Federation. This can be done using one of the methods described above, but upon concluding an agreement, Sberbank employees will offer their assistance to complete this procedure.

Interesting! Sberbank NPF additionally implements a non-state pension insurance program. It involves the client’s voluntary participation in pension provision and payment of contributions to one of the pension plans, similar to the life insurance system.

Gazfond Pension Savings is the leader in profitability in 2018. Moreover, it ranks second in the ratings in terms of cash volume and number of clients, second only to Sberbank Non-State Pension Fund. And also:

has the highest reliability ratings assigned by independent agencies;
wide geographical presence in the Russian Federation;
the company absorbed 3 other large non-state pension funds.

To transfer the funded part of your pension to the Gas Fund, you need to proceed in the same way as for transferring to other insurers.

You can conclude an agreement in one of the fund’s offices (the main office is located at BC Marr Plaza, Moscow, Sergeya Makeev, 13) or using the “Online Agreement” service on the Gazfond website. To conclude an agreement, you will need a passport and SNILS.

After completing the procedure for signing the agreement, it is necessary to submit an application to the Pension Fund of the Russian Federation to transfer to the Gas Fund. To do this, you need to use one of the methods described above.

It is important to know! In fact, NPF Gazfond Pension Savings now has nothing to do with Gazprom. The organization was sold to other owners in 2016.

Every officially employed person dreams of a comfortable old age, for whom the employer contributes monthly insurance amounts to the Pension Fund. The total amount of such contributions is 22%, and until recently six of them were accumulated in the citizen’s personal account.

You can manage these funds yourself (for example, make a payment or transfer them to heirs). Whereas the bulk of insurance premiums are under state control– current pensions are paid from this general fund.

Since 2014, the funded or personal part of pension funds has been reduced, according to a government decision, to zero percent.

That is, employers will no longer make contributions taking into account the amounts intended for the personal accounts of the company’s employees. You will only be able to retain the usual 6% if you transfer these funds. If you do not complete the transfer, the savings part will be abandoned by default (as initially decided by state authorities) - all the money will be in the insurance part, uncontrolled.

The funded parts of pension funds are frozen by the state for 2016 as well.

Citizens still have time to make the right decision - to choose where exactly to invest their money.

After the funds are transferred, they will become a real deposit, generating profit in the form of interest. The higher the income of the financial organization in which the investments were made, the faster the size of the former funded part will increase.

We remind you that the reform will only affect people born in 1967.

Where is the best place to transfer?

Leave it in the state pension fund

If the money remains in the state pension fund, from the end of 2016 it will be automatically credited to the general insurance part. This is the so-called default enrollment.

Advantages - no need to translate.

Flaws:

the funds will not work - no interest rates are provided for them;
Only those conducted annually in accordance with the coefficient established by the government will be taken into account;
there are no guarantees of receiving your funds by the time of retirement;
These savings cannot be inherited.

Transfer to a non-state PF

If the money is transferred by the recipient (future pensioner) to a non-state pension fund, it will turn into investments and begin to generate income.

Advantages:

the increase reaches 8-14%, depending on the rating and profitability of the fund - the investor not only covers inflation, but also receives real profit;
the funds can be registered as an inheritance without any problems.

Flaws:

there is a possibility of dissolution of non-state PFs;
the fund may be downgraded in the rating system, and, therefore, a decrease in income for its investors.

Refuse the savings part

If you completely refuse, the insurance part when applying for pensions will be calculated taking into account 22%, which will increase the number of points.

Advantages:

payments will increase due to additional payments taken into account by PF employees when
registration of a pension;
funds will be indexed.

Flaws:

there will be no additional annual profit, since the funds will not be considered an investment (interest on the fund’s income is not accrued);
funds cannot be inherited.

Rating table for non-state pension funds

You can choose a non-state PF based on the entire list of such organizations compiled by the state PF and posted on its website. Funds that have been consistently in the top ten for a long time deserve special trust..

This position is eloquent evidence of stability and reliability.

Of course, no specialist can give a 100% guarantee in this case.

The difficult economic situation and constantly changing inflation indicators do not allow us to make a long-term forecast in this area.

Profitability level. Indicators for the entire period of the fund’s activity are taken into account, and not just for the last year. If the rating does not contain information on this item, this means only one thing - the leaders of the organization are hiding the true state of affairs from the public. Such a “wake-up call” should alert a potential investor.
Reliability is determined by more than twenty-five parameters. The analysis is carried out for each quarter separately and for the year as a whole. After which the experts assign a certain class to the fund (a total of five classes are taken into account in the rating table).

A high class is marked with the letter “A”, a very high class is marked with “A+”, and an extremely high class with “A++”.

In the table compiled by Expert RA, it looks like this (the information is current for the first quarter of 2016):

The most impressive results are from the leader of the rating – the European Pension Fund. The fund's accumulation in 2015 amounted to 57.7 billion rubles. From 2009 to 2014, all of his clients' investments doubled.

And “Surgutneftegaz” received a high rating of reliability thanks to an impressive reserve of 15,349,000 rubles. This is one of the richest funds in the country.

Specialists also considered MNPF Big to be reliable in all respects. The fund has been operating since 1995, and its client base numbers more than 500,000 people. The organization has always fulfilled its obligations to investors even in the event of an unfavorable economic situation.

The dynamics of rating assignment can be found on the agency’s website (the table is constantly changing depending on the analysis performed).

Citizens of the Russian Federation have the right to independently manage one of the parts of their pension - the funded one. By regularly transferring contributions to your account during your working life, you can increase the amount of your future benefits. Transferring pension savings to a non-state pension fund has both positive aspects and a certain risk. The choice of a financial institution must be approached responsibly, having studied the rating of funds, their reliability and profitability. Read more about this in our article.

What you need to know about pensions?

Pensions are formed from voluntary contributions from citizens and from mandatory contributions made by the employer in the established amount. 22% of a person’s income is transferred to the Russian Pension Fund, where the amount is distributed as follows:

16% goes to the citizen’s personal account for the formation of future benefits (individual account);
6% is used to finance the basic part of the pension, social benefits for funerals and other purposes (solidarity tariff).

If a citizen has only one type of security (if he refuses to save or was born before 1967), all 16% goes to the insurance pension. When choosing a person to create a funded part for a future benefit from 16% of the individual tariff:

10% - goes to the insurance premium;
6% - for savings.

ATTENTION! Payments are not deducted from employees' salaries, do not reduce its size, but are only calculated taking into account its value. Their transfer is the obligation of the employer.

The formation of a funded pension occurs through:

6% of contributions made by the enterprise where the citizen works;
voluntary transfers under the Co-financing Program: when a person deducts a certain amount of funds, the state doubles it;
maternity capital (for women);
investing savings.

Citizens born in 1967 and younger or older generations who have entered into the Co-financing Program have the right to this type of benefit. Citizens who worked in the period 2002-2005 also have the right to form pension savings:

men born in 1953 - 1966;
women born between 1957 and 1966.

This is due to the fact that accumulative contributions were transferred for them during the specified period.

The advantages of pension savings include the ability to:

transfer of the amount by inheritance, as opposed to insurance accruals;
one-time receipt of all savings in cases specified in Article 4 of Federal Law No. 360.

The main disadvantage of savings is riskiness and the inability to guarantee an annual increase in the amount, since it is not indexed by the state. Profitability directly depends on the volume of investments made in a specific non-state pension fund in the financial market.

Video - Insurance and funded part of pension

Where can I transfer the funded part of my pension?

If a person leaves money in a state pension fund, it is managed by Vnesheconombank. The positive side is the guaranteed return of funds, but you can hardly count on a significant increase in them. Therefore, future retirees prefer to transfer amounts to third-party organizations. Two main options for transferring accumulated funds are presented in the table. Both institutions operate a mechanism for calculating interest on client deposits, that is, on the specified part of the pension.

Table 1. Options for transferring pension savings

The options differ in that the citizen enters into an agreement with the NPF, but this is not required with the management company. In the latter case, an application is submitted to the Pension Fund with a request to transfer funds to a financial institution.

Transfer of pension savings in 2019

The person had to decide which type of pension to give preference to the Pension Fund of the Russian Federation by the end of 2015. For citizens born in 1967 and later, a choice is offered:

refuse the accumulative share. In this case, it is possible to return from the NPF back to the RF Pension Fund. The state will continue to index the accumulated funds annually;
leave the funded pension. It should be understood that in case of contractual relations with a non-state pension fund, only 6% contributions are transferred there. The remaining contributions continue to go to the Pension Fund of the Russian Federation.

Due to the worsening financial situation in the country, a moratorium on the creation of pension savings was introduced in 2014. The “freeze” of amounts will last until 2021. Now part of the contributions previously sent to the account of non-state pension funds and management companies (management companies) is transferred to the insurance pension.

ATTENTION! The Russian government states that there will be no complete abolition of funded contributions. All accruals after the end of the moratorium will be returned to the NPF.

Despite the fact that the resumption of savings contributions is not planned in 2019, investing funds in non-state pension funds and management companies continues. For citizens who have not made a choice in favor of the type of pension, only insurance is provided.

Advantages and disadvantages of non-state pension funds

It is believed that leaving savings in a state pension fund is beneficial if the period before retirement is less than 10 years. In other cases, most citizens prefer to use the services of non-state pension funds. There are several types of non-state funds. The citizen decides which of them to contact himself, based on an analysis of financial indicators and ratings.

Table 2. Classification of non-state pension funds

Type	Description	Examples of funds
Captive	Mainly promotes corporate pension plans of founders, while reserves significantly exceed savings	Transneft (related structure - Transneft), Gazfond (Gazprom), Blagostostoyanie (Russian Railways), Neftegarant (Rosneft)
Corporate	They also serve programs of founders and related structures, however, the share of savings for retirement grows annually, and a client base is also attracted for this purpose	"Welfare", "Norilsk Nickel"
Regional	They are formed with the support of territorial authorities. Operate within specific regions	"Khanty-Mansiysk NPF", "Erel"
Universal	They are independent of large financial and industrial organizations and serve citizens and organizations. The assets mainly involve pension savings	"European PF", "Raiffeisen", "KIT Finance"

The advantages of NPFs include:

usually higher returns compared to state pension funds. This is due to the flexibility of managing NPF funds;
the ability to track the status of your account online;
contractual relations ensure the preservation of uniform provisions of cooperation for the entire period of validity of the document;
openness - annual provision of financial information on the activities of the fund;
security - citizens' savings are subject to insurance; in case of bankruptcy or license revocation, they will be returned by the state.

The disadvantages of NPFs include:

profitability depends on the fund’s investment results and its position in the financial market. Since savings are not subject to indexation by the state, their annual increase is not guaranteed;
difficulty in choosing a fund. There are about 125 organizations in the Russian Federation, the ratings of which are determined by special agencies. However, to make the right choice, a citizen must independently analyze the indicators and reliability of the NPFs presented. Some of them offer unfavorable conditions, delay payments, make mistakes in charges, and so on. Therefore, it is important for a citizen to collect as much information as possible about the institution to which he intends to entrust his savings.

How to transfer the funded part of a pension to a non-state pension fund?

For further transfers of savings to a non-state pension fund, a citizen must notify the state pension fund about this. To do this, you need to submit an application, the form of which can be downloaded on the official resource of the Pension Fund of the Russian Federation or obtained from a local branch. This is done after concluding an agreement with the selected institution. When signing a contract with a non-state pension fund, it is important to first carefully study all the clauses and provisions of the document.

You can submit your application in person, via the Internet (Gosuslugi portal) or by mail (registered mail with an inventory). If a trusted person acts on behalf of a citizen, it is necessary to notarize the power of attorney.

It is advisable to find out whether the selected NPF has an agreement with the Pension Fund on mutual certification of signatures. If it is available, when applying to a non-state pension fund with a passport and SNILS, a citizen can sign an agreement on compulsory pension insurance (compulsory pension insurance) and no longer submit an application to the state pension fund.

The transfer of the funded part of the pension is carried out free of charge; it is possible to issue a receipt confirming the acceptance of the citizen’s application. After receiving the information, the Pension Fund is obliged to:

before the end of the current year, process the application for transfer of savings;
make appropriate amendments to the register by March 1;
by April, transfer money to the specified NPF.

Transfer from one NPF to another

If desired, a person can change the NPF to another, but in this case all funds must be transferred to the new one. Savings are allowed to be kept only in one fund. You can use one of the following transition options:

urgent. It is permissible to submit an application for transfer of savings once every 5 years. Then the volume of funds is completely preserved;
early. Transfer of funds is possible once a year (according to the old algorithm), but in this case the citizen loses investment income.

It follows from this that it is more profitable to keep savings in one NPF for at least 5 years. When changing an institution, an OPS agreement is concluded with the new fund. For transfer, an application must be submitted before December 31 of the current year according to the provided sample.

How to return to the state pension fund?

A person has the right to return accumulated funds to the state pension fund at his own request or when circumstances arise. The regulatory framework in this case is: Federal Law No. 75, 111. The transfer is made at the request of the citizen. If desired, in the future he will be able to redirect funds again to the management company or non-state pension fund.

It is mandatory for savings to be sent from NPFs to PFs when:

death of a citizen;
deprivation of the NPF license;
expiration of the contract period;
declaring the NPF insolvent and opening bankruptcy proceedings.

The return of savings to the Pension Fund is carried out in April of the year following the date of filing the application.

Video - How to return from NPF to PF?

How can I find out where the amount has been transferred?

Sometimes, when an employer centrally registers its employees in a non-state pension fund or for other reasons, a citizen does not know or doubts where his savings are. There are several ways to clarify this information:

contact your local PF office;
find out information from the accounting department of the employing enterprise;
enter SNILS on the State Services resource in your personal account;
contact the bank with which the Pension Fund cooperates (Sberbank, Bank of Moscow, and so on).

How to choose a non-state pension fund: ranking of the best funds in 2019

availability of a license;
financial indicators for several years (profitability for 5 years), positions in ratings;
founders and shareholders. It is desirable that they be large resource-extracting, financial and industrial enterprises;
age and history of the fund, number of policyholders. The longer an organization stays on the financial market and the wider its client base, the more reliable it is;
location of the fund. It is recommended to choose an institution with a local branch in the region of residence of the citizen;
social indicators. It is advisable to study how NPFs interact with clients: are there online services, groups on social networks, a hotline and other methods of communication;