In this RIA Novosti article, we explain how legal successors can receive the pension savings of a deceased person and what documents are needed for this.
What is a funded pension?
A pension in Russia consists of three parts - fixed, insurance and accumulative. The fixed old-age pension is paid by the state to absolutely everyone. It is minimal, indexed and increases after 80 years. The insurance part is the one that depends on the employer and the pensioner's length of service. The accumulative part is the one that receives 6% of all contributions, as well as income from the investment activities of the pension fund. Since 2014, due to the reform, contributions have been directed to the insurance part of the pension. It is to the formation of this part that maternity capital funds, contributions under the state co-financing program for pensions can be directed, or you can save up yourself and contribute feasible amounts.
It is only the funded portion of the pension that can be oman mobile database inherited. Moreover, the funds of the pension savings can be paid to the legal successors both if the citizen managed to receive part of the savings and if this part of the pension has not yet been paid to him.
Where is the funded portion of the pension located?
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Pension savings are formed in the citizen's personal account. The account can be opened by the Social Fund of Russia (SFR) or a non-state pension fund (NPF). The fund is responsible for the safety of the citizen's funds. At the same time, the investment of funds is carried out by management companies.
If the account is opened in the SFR, then the management company VEB.RF or a private management company invests. If the insurer is a NPF, then only private management companies are involved in investing.
You can find out where your funded pension funds are in your personal account on "Gosuslugi". In the search bar, enter "Notification of the status of the personal account in the SFR" and click the "receive service" button. Within a few minutes, a document containing all the information will be sent to your personal account.
Who can have a funded pension?
The funded pension is regulated by law , which defines the conditions for its assignment.
The funded portion of the pension can be received by men upon reaching 60 years of age and by women upon reaching 55 years of age, provided that they have pension savings.