The growth of the Russian economy predicted by leading analysts will inevitably lead to reform of the pension system. Therefore, based on such optimistic forecasts, hopes for an increase in its income in 2020 However, even if the above expectations are fully justified, the amounts of money included in the draft Federal Budget for 2018 to finance the expenses of the Pension Fund of the Russian Federation are disproportionately small in comparison with the expected expenses.
It is clear that in this case something needs to be changed in the pension system. And there will undoubtedly be such changes. And the first thing that will change is the size of the uniform rate of insurance contributions to the treasury of the pension fund. According to the new rules, it will now be calculated from the total salary. In addition, there are still rumors that starting from 2020, the size of the so-called “social” type of pensions, which is paid to unemployed citizens, will be “lowered” below the subsistence level.
By the way, even on the eve of 2017, the Minister of Finance of the Russian Federation, Anton Siluanov, said that in 2017 a set of preparatory measures would be carried out in Russia to prepare for global reform changes in the pension system.
According to him, the reform process should continue in 2020. Mr. Minister made it clear that innovations in the mentioned system will make it possible to launch the full functioning of the funded pensions module, and will introduce some other qualitative changes to the work of the Pension Fund.
So, starting from the 2020 financial year, Russians will have the right to make their own decisions about how much percent of their hard-earned money they want to put aside in a personal pension savings account. At the same time, the calculation of this interest rate does not take into account the 22% that their employer legally transfers to the general budget of the Pension Fund.
Also, A. Siluanov said that working Russians retiring for a well-earned rest will be able to count on a monthly pension amount of 14,000 rubles. Those for whom such financial support does not seem sufficient are obliged to take steps to fill their pension savings account during their working career.
This will allow them, after retirement, to receive a tangible financial increase in the amount of state pension provision. Of course, only those who, while working, periodically replenished their special pension savings account can count on an additional pension. Citizens of the Russian Federation can start it:
- in any Russian commercial bank;
- in the NPF itself.
These organizations guarantee a sufficient degree of protection of financial resources saved in their accounts, and their financial assets are subject to the same legal protections that guarantee the safety of bank deposits. It is quite possible that in this way the authorities want to attract the attention of the population to the deposit insurance system (DIA) currently operating in the vastness of the Russian Federation.
The current norms of the pension legislation of the Russian Federation provide that any citizen who has reached retirement age has the right to withdraw part of the funds from his personal savings pension account to spend them on his treatment. In addition, the legislation gives the pensioner the right to bequeath the remaining, unspent part of the funds accumulated on a personal pension account to his heirs.
Taking into account all the advantages of pension innovations, officials of the Ministry of Finance of the Russian Federation express confidence that from year to year more and more citizens will use the funded pension system. Based on the meaning of the statements made by representatives of the Ministry of Finance, we can conclude that the mechanism of operation of the updated pension system will be as follows:
- during the first year of implementation of the mentioned innovations, all working Russians will deduct 1% percent of the amount from their salaries, and this money will already accumulate in their personal pension accounts;
- in the second year of the changes and in subsequent years, the percentage of deductions will gradually increase from two to six.
Moreover, this six percent contribution (by the way, the law allows you to pay an amount that is less than 6% and not even pay at all) will make it possible for the state budget to help finance expenses and even very significantly reduce the amount of funds contributed to the Pension Fund budget.
Pension Fund budget for 2020
Most recently, the Russian government considered the draft budget of the Pension Fund for 2020 and for the planned years 2018-2019. Already in the first reading, the draft budget was approved.
Based on this document, the projected income to the Pension Fund for 2018 will be 8.53 trillion. rubles, at a time when expenses from the Pension Fund will approach the 9 trillion mark. rubles The projected budget deficit in 2020 will be 196.7 billion rubles. Officials intend to cover this deficit with transfers from the state budget.
How to join
NPF provides two possible options for pension provision: compulsory insurance (OCI) and individual pension plans (IPP).
Initially, the compulsory pension system of Russians was divided into two parts - insurance and funded pensions. The boss contributed 22% of the employee’s salary to the Russian Pension Fund, of which 16% became an insurance pension, and the remaining 6% became a funded pension. The last one was frozen 4 years ago. Now there is only an insurance pension, but people can manage the existing funded part. This is why NPFs began to be created.
NPF begins to invest your savings with varying degrees of profitability (for example, for the Sberbank fund in 2020 this figure was 8.34%). When you retire, you are assigned an insurance portion paid by the state and a funded pension from the NPF Sberbank, increased through reinvestment.
To transfer to Sberbank NPF, you need to write an application for early transfer to the Pension Fund or MFC branch. If it is not possible to visit these institutions, use the State Services portal or send a notarized original application to the Pension Fund by mail. Then you will have to sign the agreement at the Sberbank NPF office, for which do not forget to take your passport, as well as SNILS. The status of the executed contract can be found in your Personal Account. If the Pension Fund decides to allow the transition, your savings will be transferred to the fund.
Another service from the fund is a non-state pension, which you calculate according to your expected financial needs. An IPP is drawn up for you with the contributions you determine and the schedule for their payment. The NPF invests your savings and then multiplies them by adding investment income to them. When you retire, you receive benefits that will provide you with a familiar and comfortable lifestyle and help you maintain financial prestige and independence even after you stop working.
Tariff of social contributions to the Pension Fund of the Russian Federation
In the second and third readings, State Duma deputies adopted a bill that will keep the rate of insurance contributions to extra-budgetary funds at the level of the 2015-2017 rate.
The bulk of insurance premium payers will continue to contribute 30%: to the Pension Fund - 22%, social insurance - 2.9%, the federal compulsory medical fund. insurance – 5.1%. In the case when the tax base for one individual is greater than the maximum base for calculating insurance premiums - 624 thousand rubles per month, then the employer will have to pay an additional 10% of the excess amount to the Pension Fund budget.
Customer Reviews
Many clients left reviews about the NPF in the comments and shared their experience of transferring a funded pension or registering a non-state pension with the fund.
Galina: I chose Sberbank NPF because of its high degree of reliability and the company’s good reputation. The transition is completely easy. I only came to the office once, wrote a statement, and the employees explained everything clearly and competently. Overall, the design took very little time. Now interest on income has already been accrued; there are now about 5,000 rubles in the account. I hope this amount will not decrease further.
Natalia: A friend recommended transferring pension money to a non-state pension fund. I wrote an application at the nearest Sberbank branch and began to wait for my money to be transferred. When the funds came to the fund, this was reflected in the personal account; it also indicates how much profit the fund itself accrued. Slowly the amount is growing. Maybe the system will change later, I will lose something... But for now I am only gaining. Therefore, I was pleased with the transfer of my pension to the NPF.
Dmitry: 7 years ago I decided that I wanted to transfer my funds to a non-state pension fund. What I liked about Sberbank’s offer was that interest was received annually on the amount transferred by the owner of my company. I wrote a statement to the bank. When the money arrived in the fund, an SMS notification arrived. A year later, interest was credited to the account, a pretty good amount. NPF invests my money and regularly reports on the results of investing my funds. Plus, I get paid through my company's pension plan.
Valentina: For a long time I kept my pension money in the state fund, but still decided to transfer it to the Sberbank fund. It was convenient because the branch was nearby and registration was quick. At home I already opened my personal account, saw that the money had arrived, and the increase appeared a year later. I had 41 thousand rubles from my previous insurer, and over the course of the year I added 2,600 rubles. Even though it's 7%, it's better than nothing.
What will happen to social pensions?
The size of the pension, and in particular its ratio to the cost of living, will begin to decline sharply in 2017-2019. As for social pension payments, next year they will be below the subsistence level - the old-age pension will decrease by 12.5%.
The level of income of domestic pensioners is under threat. The head of the Pension Fund, Anton Drozdov, stated in his report that over the next three years, despite the indexation and growth of pensions in absolute terms in relation to the cost of living, they will fall by 12.5%. At the same time, social pensions will generally be “below the bar” necessary for survival in modern Russia.
Note that the cost of living for pensioners is set annually by the government after a study of the consumer basket and statistical data on inflation in the cost of food and non-food products. In each region, the administration sets its own cost of living for pensioners, based on the law on the federal budget.
In 2020, the projected amount of the old-age pension will be 14,045 rubles (the cost of living is 9,364 rubles), and the social pension will be only 97.8% of the future cost of living, namely 9,159 rubles.
How to receive the funded part of your pension
There are two ways to find out the amount of your pension savings. Firstly, this information is posted in your Personal Account, and secondly, you can order a paper statement.
To receive your savings upon reaching retirement age or in case of acquiring the right to pay a pension ahead of schedule, you come to a Sberbank branch or the central office of the fund located in Moscow (Shabolovka St., 31g), write an application and collect a package of documents, including your passport , SNILS, pension certificate, bank details where savings will be transferred, and a certificate from the Pension Fund, which indicates the insurance period allowing you to apply for payment).
It is possible to send documents and applications to the fund by postal operators, but it is necessary to authenticate the signatures of the owner of the person’s savings with a notary.
There are 3 types of pension savings payments:
- one-time (paid if the estimated funded pension does not exceed 5% of the insurance amount);
- urgent (paid monthly subject to registration for a period of 10 years);
- funded pension (monthly for life).
For the last two types, the NPF may adjust the payment amount taking into account the investment results and the funds transferred by you.
In their contract, clients have the right to designate who will receive their savings in the event of premature death. There is a special paragraph for this where legal successors are listed. If they are not indicated, then the legal successors will be the first-priority heirs (these are children, spouse and (or) parents), and in their absence - the second-priority heirs (grandparents, brothers, sisters, grandchildren). When specifying heirs in the contract, there is no need to draw up a will for pension savings.
NPF Sberbank: general data
The Sberbank Non-State Pension Fund (hereinafter referred to as NPF) was formed in 1995 by Presidential Decree No. 1077 of September 16, 1992. The fund is managed by a specially created Council - it regulates not only strategic issues, but also deals with the general management of the company.
NPF has one founder, namely Sberbank of Russia OJSC.
Let's highlight the main data on non-state pension funds:
- Pension assets – 367 billion rubles.
- Authorized capital – 150 million.
- Reserve – 14 billion.
- Clients – 4.6 million people.
- Website – npfsberbanka.ru
- Hotline – 88005550041.
- Reorganization in 2014. The result is the new status of Sberbank NPF CJSC.
- License – No. 41/2 dated June 16, 2009.
Personal Area
Before registering in your personal account (hereinafter referred to as “PA”), you need to fulfill a number of conditions, namely:
- availability of a valid OPS agreement;
- opening an account according to Pension rules;
- client consent to the processing of personal information.
To register in LC you need to take the following steps:
- Click on the link https://lk.npfsb.ru/?register=yes.
- In the window that appears, you need to specify such information, How:
- E-mail address;
- Name Patronymic name;
- passport details;
- SNILS number;
- contact number;
- created password (entered twice);
- security question and answer.
- Confirm the entered information using the entered code from the picture.
- Check the box to consent to the processing of personal data.
- On the second page you need to indicate your last name.
- Log in to your email box, which will contain a link to go to your personal account.
- Complete registration and log in to your account.
Access to the Personal Account may be denied in the following cases:
- Making pension payments upon reaching the appropriate age.
- Termination of the OPS agreement.
- Violation of confidentiality rules.
Each client of the fund can receive SMS newsletters about important news and promotions of NPFs. To do this, check the box on the “Client Profile” page.
If any questions arise, the client can contact the contact center by phone 88005550041.
Rating
In mid-2020, the NPF received an “AAA” reliability rating from the well-known agency NRA - the National Rating Agency. These criteria indicate maximum reliability indicators .
Another rating agency (Expert RA) also assigns the company the highest level of trust (reliability), namely A++.
These indicators indicate such advantages of non-state pension funds as:
- high level of trust from clients;
- leading position in the compulsory pension insurance market;
- high results of attracting clients;
- long work history;
- stable positions in the field of non-state pension provision (non-state pension provision);
- balanced investment strategy.
