The Government of the Russian Federation decided that starting from 2014, part of the pension, which was called funded, will be reduced from 6 percent to 0. But you can save the usual six percent if you know where to transfer the funded part of the pension.
First of all, to preserve the very six percent, you must submit a special application to the Pension Fund. The transfer of all powers to the agent will not work here, you must do everything yourself.
Moreover, the procedure itself is absolutely free, you only have to spend some time filling out a number of documents.
Pension - what is it made of?
The accumulation and payment of pensions are two separate processes that should be distinguished if a person is thinking about where to transfer the funded part of the pension. When he reaches a certain age, the payment of his pension begins. And the accumulation of this money is connected with the taxation of citizens who are still working.
Until the end of 2013 - what happened before?
Of the total salary of each citizen, about 30 percent used to go to taxes. 6% was deducted just to form part of the funded pension, another 20 to the insurance part. The rest of the money went to other funds.
Savings means the amount of money that is stored on
a retirement account personalized for each citizen. In addition, you can bequeath these funds to the heirs. This may partly solve the problem of where to transfer the funded part of the pension. An entirely different matter is the pension insurance element.
This component is fully controlled and regulated by the state. It is the insurance part that is spent on current payments to pensioners. In our country, there is a tendency to increase their number annually. Therefore, the issue of pension provision is now receiving much attention at the state level.
Why do we need the funded part of the pension?
As already mentioned, the formation of this amount occurs on a separate account, which is registered on a particular person. So, in principle, the question of where to transfer the funded part of the pension should not arise. Such money cannot be spent on paying pensions to people who have already reached the right age. It is transmitted to the heirs either upon death or by will.
The government promises that social pensions by the coefficient will increase for those who
will completely abandon the funded part. But so far it is hardly possible to be sure that such initiatives will be implemented in the near future.
It is worth noting: they will continue to pay an ordinary pension of six percent to those who transfer the funded part to a non-state pension fund before the end of 2013. In general, next year, practically no changes are expected in this direction. The ability to refuse a pension in terms of savings is offered by the state by default.
Those who do not yet know about this reform should hurry to do everything right. The funded part of the pension in 2013 was still preserved. The transfer of the funded part of the pension from one pension fund to another may take some time, because of this you may lose some of the funds.