Where is it better to transfer the funded part of the pension?

As always, I advise and advise you, Elena Troskina. I am revealing my experience and knowledge in the legal field, my experience is more than 10 years, this makes it possible to give the correct answers to what may be necessary in various situations and now we will consider - Where is it better to transfer pension savings 2021. If there are no professionals in your city your business, you can write your question, I will answer everyone as I process it. Or it would be even better to ask in the comments regular readers/visitors who have previously encountered the same issue and may know other ways to solve it.

Attention please, the data may not be relevant at the time of reading, laws are updated and supplemented very quickly, so we look forward to your subscription to us on social media. networks so that you are aware of all updates.

An insured person can form a funded pension both in the Pension Fund of the Russian Federation (PFR), in the State Management Company (GMC) or a private management company (PMC), and in a non-state pension fund (NPF).

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An application for choosing an investment portfolio of a State Guarantee Company or a Private Management Company must be submitted before December 31, 2021 . The application can be submitted in person to the Pension Fund or to the MFC.
2 . Applications for early transfer from the PFR to the NPF, from the NPF to the NPF, from the NPF to the PFR are subject to consideration until March 1 of the following year, after the year the application was submitted. An application for early transfer must be submitted before December 1, 2021 .

24 April 2021 16:52

Applications for transfer from the PFR to the NPF, from the NPF to the NPF, from the NPF to the PFR are subject to consideration by the Pension Fund after 5 years by March 1 of the sixth year, starting from the year the application was submitted. The transfer application must be submitted by December 1, 2021.

The initiative of the Russian Pension Fund is to increase the so-called threshold for assigning a funded pension. Thus, there will be much more Russians who will be paid a funded pension once. The freezing of funded parts of pensions did not prevent the formation of pensions by some citizens. And when they retire, and the size of this funded part is less than 5% of the total pension, the pension fund proposes to pay the difference not in monthly amounts, but at one time. This innovation will help the Pension Fund reduce the costs of the administrative component and the formation of transactions when working with small amounts on a monthly basis.

The purpose of transferring a funded pension to a non-state pension fund

Non-state pension funds can help you use your pension with maximum efficiency and much more profitably than the state. That's why people trust them to manage their money. Today there are quite a lot of funds, many of them are quite stable, and they can be trusted.

NPF rating

It is worth clarifying that the most profitable funds are not always very popular and are the most reliable. An example is the Empire fund, which offered the most attractive conditions in 2015. Their yield was 24%. But Expert RA agents withdrew their reliability rating back in 2008.

When choosing the 5 best non-state pension funds, you should pay attention to the relationship between reliability and quality. The top five should include:

"European Pension Fund" rating A++, return on investment 20.64%.
"Promagrofond" rating A++ return on investment 17.32%.
“Vladimir” rating A++ return on investment 15.03%.
"Khanta Mansiysk" rating A+ return on investment 19.46%.
“Trust” rating A+ return on investment 19.01%.

Who should

The Pension Fund offers the condition of payment from this part upon accumulation of an even larger amount. Thus, the funded pension will be accrued only to those pensioners whose level is 20% higher than the established minimum subsistence level for a pensioner. On average, savings should be no less than 440 thousand rubles. In addition, every year the Ministry of Labor increases the survival period. From 2021, this period will no longer be 21 years, but 27 years.

Freezing idea

This can be done by a citizen who has retired. People can retire before retirement age for various reasons, for example, military personnel or ballet dancers. In other cases, pension savings cannot be withdrawn. Due to the fact that pension funds accrue the income from the funds brought from the funded parts of pensions once a year, on March 1, it is best to withdraw money after this date.

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.

Where is the funded part of the pension transferred and where is it stored? How can I find out which fund I am in?

Also, companies with lower ratings (B+, C+) do not perform well in the market. But this indicator reflects the main shortcomings of such organizations, for example, a low reliability indicator, minimal profitability in a given reporting year, etc.

The purpose of transferring a funded pension to a non-state pension fund

The easiest way to find out where my pension money is allocated in addition to mandatory insurance payments is to send a request online. You should be careful, as there are many fictitious sites on the Internet. They ask a person to transfer a certain amount of money in exchange for information about the NPF. Non-state pension organizations also provide their clients with all the necessary data via the Internet. The client has the right to send a request to the NPF email and receive a response. Some organizations have created personal accounts on official websites where citizens can check their accounts. You can track where your pension savings money goes through government services. The government services portal contains information not only about pension savings. There you can find out about all the services provided by the state in Russia. To do this, you need to go through the registration procedure on the site. A person chooses his own login and password, which only he controls. How can I find out where my pension savings are located through the portal? To begin, enter the name “Public Services Portal” in the search engine. The registered user opens the portal start page and, following the instructions, creates a request for information.

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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.

Step-by-step instructions for transferring a pension to another bank

A minimum of action is required from a person to transfer pension payments from one bank to another, because the main work is done by the financial institution itself in tandem with the pension fund and government agencies. The whole procedure is carried out in three stages:

First stage. Visit the bank office and select the appropriate tariff. You need to come to a financial institution and say “I want to receive my pension on your bank card.” Then choose a tariff from the many offered.
Second phase. Opening a free current account, which is issued on the terms chosen by the pensioner.
Third stage. Writing an application for pension transfer (it will be sent to the Pension Fund at the place of registration of the person). Difficulties may arise when filling out, and a bank employee will help you sort them out.

After this, all that remains is to wait for government agencies to approve the bank chosen by the pensioner, which will then issue a plastic card to receive social benefits. No further action is required.

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What you need to know about pensions?

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:

Where can I transfer the funded part of my pension?

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.

The differences between the two indicated types mainly lie in the fact that the funded fund is formed voluntarily (if the citizen himself has chosen this method), and contributions to the insurance part are mandatory.

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The freezing of funded pensions allowed the state to attract significant sums of money to solve current problems. It is planned to extend it for at least another couple of years. This step makes it possible to ensure the financial support of persons who have already reached retirement age. But for citizens who are of working age today, this situation does not bring anything good.

Who is entitled to the funded part of the pension?

However, in addition to the insurance pension, there is also a funded pension. It is formed from the same contributions. At the same time, funds in the amount of 6% are allocated to the funded part of the pension, while 16% goes to the insurance part. In general, citizens, with a few exceptions, choose for themselves whether to form the funded part of their pension payments or not.

This is due to the fact that on January 1, 2021, a federal law came into force, which regulates that the acceptance of applications from insured persons to transfer to a NPF or Pension Fund, including early transfer, as well as notifications about replacing an insurer and refusing to change an insurer, is now carried out by two ways. First: in the form of an electronic document through the portal of state and municipal services. Second: by contacting the client services of the Russian Pension Fund in person or through a representative. Neither NPFs nor MFCs accept applications of such content.

If you formed your pension savings in a non-state pension fund, then you should contact this fund for payment of funds. The question in what form it will be assigned - as a lump sum, fixed-term or funded - will be decided when, as a result of calculations, it becomes clear whether the size of the funded pension exceeds the 5% threshold of the total amount of the insurance and funded pension combined. If the amount of the funded pension is less than the specified share, then the amount of pension savings is assigned in the form of a lump sum payment.

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Be careful! You can transfer pension savings without loss of investment income no more than once every 5 years. For example, in 2021, transferring pension savings without loss is beneficial only for those citizens who last wrote an application to choose an insurer in 2021. The same goes for “silent people”, that is, those who have never transferred their pension savings. They are recommended to apply for early transfer to the NPF only in 2021. If the decision to change insurer is made earlier than the specified period, part of the investment income will be lost.

In general, the state, private management companies and non-state pension funds worked in the same way: results fell and rose synchronously, usually along with inflation. Two crisis periods are visible when inflation rose and yields fell: 2021 and 2021.

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I have been working in the pension insurance system for ten years and have been following the main changes. In this article I will tell you about the results of compulsory pension insurance. I will explain why a funded pension is needed, where it is located, where and why it can be transferred in 2021, and how it affects your future pension.

What is a funded pension?

The best non-state pension funds are slightly ahead of price increases. In general, the differences are small; over a long period of time, most funds work the same - they give a return of 5-10% per annum. There is no gap of tens of percent between them. This is because non-state pension funds cannot invest all their money in shares of one company or buy as much currency as they want.

As noted earlier, employers pay 22% of their employees’ salaries to the Pension Fund, 6% of which was used to form pension savings for their employees. In 2021, the Government was forced to freeze the funded part of pensions due to sanctions imposed on the country. The freezing of funds means that now 6% is not sent to the NPF, and is also spent on payments to today's pensioners. The government plans to abandon mandatory payments for the funded part of pensions and invite citizens of the country to independently form an additional funded part of their pensions. Employers' insurance contributions will be retained to form payments to today's pensioners. The funded part will be formed by the Russians themselves.

Debit cards for seniors

Many banking organizations issue debit cards for pensioners with simplified conditions, which provide comfortable savings of money, open up for them the convenience of non-cash payments and regular transfer of pension payments. In order for them to come in this way, you need to contact the Pension Fund at your place of residence and fill out the appropriate application. And next month the pension will be calculated in a new way. Payments to “plastic” are a great way to receive funds on the day of transfer, without waiting for anyone or standing in lines. The main thing is that there are no commissions for this.

A pension debit card is a more convenient tool today compared to cash. Various bonus programs are periodically arranged for its holders, and interest may be accrued on the balance. If you need cash, you can always withdraw it from an ATM.

Features of cards for pensioners

For most banking institutions, the conditions are not much different. The most profitable options are debit cards, which provide credit for the balance, and also provide the opportunity to spend a minimum on maintenance and have a way to easily withdraw cash. An excellent option would be cashback for payment transactions. The card can be issued exclusively in the national MIR system. Transferring your pension to VISA or MasterCard is no longer allowed.

Additional options for pension debit cards

In many cases, citizens are provided with cashback for payments in pharmacies, but there is an alternative:

return of a share of what was spent in popular destinations such as “Auto”, “Gas Station” or “Public Transport”;
rewards for any purchases;
choose products where you are allowed to independently determine the category with an increased cashback of 10–15 percent or more each month.

In addition, MIR cards can generate income of up to 20% if you cooperate with payment system partners. To participate in the program, you must register in it.

Advantages of debit accounts for pensioners

If a person chooses to use a card account, he has the following advantages:

a bank pension card is a tool for making payments at almost any retail outlet;
free or minimally priced service;
security and protection against theft or loss of funds;
the opportunity to save money by returning money spent;
receiving additional income. “Debits” allow you to receive charges on your account balance, etc.

The overwhelming number of banks offer specialized cards for pensioners.
Such diversity complicates the choice, but at the same time allows you to find the best offer for it. The final decision is influenced by exactly how the card account will be used: for regular payments for goods, for savings, for paying for housing and communal services, etc. *All offers displayed on this page are the best or most profitable solely in the opinion of Banki.ru experts

Options for further pension reform

The IPC will be sent to non-state pension funds, which will invest money in projects that will bring additional income. The pension reform is being carried out so that the younger generation, who are just entering the workforce, understands how to form an additional pension before old age, in addition to the one that will be paid by the state. The insurance pension will continue to exist. The IPC will become an additional payment to Russians who have reached retirement age. The size of this pension will entirely depend on the citizens themselves, who will not only determine the amount of contributions, but also choose a non-state pension fund for investing funds.

Where will the IPC be sent?

The majority of the country's citizens, due to the fact that the first part of the pension reform was carried out with an increase in the retirement period, which was negatively received by the population, believes that the already accumulated part of the pensions will be reset to zero. The head of the Ministry of Finance A. Siluanov claims that nothing will be reset, and savings will be carried out to the funds already formed earlier. It is possible to carry out two options with previously accumulated funds:

Today, the old-age payment of any citizen of Russia consists of two parts: insurance and savings. And we can dispose of the latter up to certain limits. No, you won’t be able to take it home and save it there - only special organizations - non-state pension funds, each of which has a license for such activities - have the right to manage this part.

We can manage part of the pension ourselves

There is one nuance here. The law allows you to change your insurer annually, but then it will retain part of the investment income from your savings. You will be able to avoid losing it if you change the insurer after five years of investing the funded part. In this case, all savings, including interest, will be transferred to another market participant.

What to do next

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

Transfers of savings to a non-state pension fund may allow you to invest your savings more profitably and, accordingly, receive larger contributions in the future. Transferring money to a non-state pension fund is not that difficult; you just need to select a fund and submit an application for membership. Mainly, all NPF clients pay attention to the return on investment, this is the main indicator, and it is the most important.

Is it possible to receive a pension from another bank?

Where to transfer the funded part of the pension

It's quite simple. With my consent, an account is opened for me in one of the Russian non-state pension funds; a percentage is transferred to this account from each salary and the employer adds the same percentage. By the time I was fired, I had managed to collect quite an impressive amount. Out of stupidity, I spent everything on opening a business because I didn’t consider the money as pension money.

The purpose of transferring a funded pension to a non-state pension fund

It is quite difficult to navigate all the funds offering their services. Having seriously studied the issue, you can make an objective, and most importantly, the right choice. The most important indicators that you should pay attention to are the reliability and profitability of the fund. If these indicators are high, then a rapid increase in savings is guaranteed.

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For deposits up to 1.4 million rubles, there is an insurance system from the DIA. Insurance also covers interest on deposits. If the bank's license is revoked, after two weeks you will be able to apply for compensation.

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.

Investment term

Insurers do not invest pension savings themselves, but entrust this to management companies - management companies. The better your management company invests, the more you will receive in retirement - it’s like a deposit in a bank, only the interest rate is not known in advance. Management companies work, insurers control and are responsible for them, our future pension is growing. It remains to understand which insurer and which management company to choose.

We offer an article on the topic: “Where is the best place to place the funded part of a pension” with clear comments and conclusions. If you have any questions or to update your data for 2021, you can contact the duty consultant.

Where to transfer pension savings

This means that the 6% that the employer deducts from each employee’s salary is not sent to his savings account at VEB or NPF, or a private management company, but goes to payments to current pensioners (and other expenses of the country). Receipts for the years of “freezing” are promised to be taken into account as certain points, but how they will be calculated when the NPF investor reaches retirement age is unknown.

There are too many factors that influence the dynamics of investment assets. And even if you know that your fund has, for example, 54% of its funds invested in bonds, it is unlikely that you will be able to estimate how this will affect long-term returns. At the same time, funds that earned less than VEB in the first half of 2021 invested in shares, and those who invested in bonds managed to show the maximum return (14.7%).

Pension savings: How much? Where? When? Or: be careful when choosing an insurer

The right to a funded pension arises for women upon reaching 50 years of age, and for men upon reaching 55 years of age, if they have completed the length of service required to receive a “northern” pension. The increase in the retirement age from January 1, 2021 did not affect the procedure for assigning a funded pension.

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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.

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.

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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.

In 2021, a large-scale reform was carried out in the Russian Federation, which determined the transition of the pension system to insurance principles. In accordance with the law, every citizen is required to be registered in the compulsory pension insurance system.

So, the insurance and savings part are components of the current pension provision. At the same time, insurance is formed for all citizens, and accumulative only for persons of a certain age and when they choose the appropriate method for forming future security.

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All rules and requirements for receiving a funded pension are determined by Russian law on pensions No. 424-FZ. The rules change every year, this article provides the most current data, which is taken from reliable government sources.

Remember that the first fixation of investment income occurred in 2021, even if before that the funds were kept in the NPF longer. The “freeze” after this date is counted from the moment of transition to the new NPF. It turns out that those who changed their NPF in 2021, when moving to another NPF in 2021, will lose their savings for 2021, 2021 and 2021.

NPFs invest pension savings of citizens. The level of their profitability depends on how correct these investments were. This indicator is the main factor when choosing a non-state pension fund. In general, a person may decide to switch to another fund for the following reasons: