Cumulative part of pension to Gazfond in 2020

The pension system in the Russian Federation provides for several types of payments: insurance and funded. The first type depends on the length of service and the value of the pension point, but the second - only on the amount in the personal account and the investment profitability of the managing fund. Let's figure out what a funded pension is, how to apply for it and how to receive it.

What is a funded pension in simple words?

A funded pension is part of the pension that has been formed over the years for employees born in 1967 and younger through mandatory insurance contributions to state funds. Until 2014, organizations and individual entrepreneurs transferred 22% of wages to the Pension Fund system, 6% of this amount was sent to the personal accounts of citizens to finance funded pensions.

These funds became the source for the formation of a funded pension. They are constantly invested by management companies in the stock market, and the interest earned is used to increase the deposit in the personal account. After a citizen retires, these funds are transferred monthly as an additional payment to the insurance portion. You can receive the “supplement” until the end of your life, and the remainder can be bequeathed to your heirs.

Since 2014, a moratorium has been introduced, and all contributions are used to cover exclusively the insurance part of the pension. Since 2014, citizens' funded pensions have been increasing only through investment. Thus, a funded pension is a monthly supplement, which is formed from contributions from employers and income from investing this amount.

Differences between the funded part of a pension and the insurance part

Although the funded and insurance parts are components of pension provision, they have many differences. Let's figure out what they are.

What's new regarding the funded part of pensions in 2020?

In 2020, the Government of the Russian Federation announced a moratorium on the payment of the funded portion, which will remain in effect until 2022. This means that all funds will also be used to finance the insurance pension.

Who and under what conditions can receive the funded part of the pension?

According to Federal Law No. 424 “On funded pensions” dated December 28, 2013, this type of pension provision is provided for:

• women and men born in 1967 and younger;
• persons (regardless of age) who participated in the co-financing program.

The funded part of the pension is paid subject to the following conditions:

• there are savings in the personal account;
• the citizen has reached the statutory retirement age.

But the type of payment (one-time, urgent) will depend on compliance with several requirements. A lifetime pension is granted if:

• there is a minimum experience, in 2020 it must be at least 11 years;
• At least 18.6 pension points have been accumulated. The number of points awarded directly depends on the salary. If its value is equal to the minimum wage, then the Pension Fund will award only 1 point;
• The monthly supplement is at least 5% of the insurance pension.

In all other cases, the accumulated amount is immediately paid to the pensioner.

Options for receiving a funded pension

There are several options for paying the funded part of the pension: indefinite, fixed-term and lump sum. In some cases, a citizen can independently decide for how long and in what amounts he will receive transfers. However, if the savings are insignificant, the money will be paid out in a lump sum. Let's figure out what features the payments have.

Indefinite

This type of pension is paid until the end of life. The amount of the surcharge is periodically adjusted depending on life expectancy and the balance on the personal account. The recalculation is carried out in August based on updated statistics.

To calculate the monthly supplement, you need to divide the savings by the billing period. For 2020, this figure is 258 months. For example, if the account has accumulated 100,000 rubles, then the pensioner will receive an additional 100,000 rubles / 258 months = 387.59 rubles

ATTENTION! If a pensioner decides not to apply for payments immediately, but postpones registration for a certain period, the amount of the funded pension will be greater.

Urgent

In this case, the period during which all funds will be paid from the account is determined by the pensioner himself. The law requires that this period should not be less than 10 years.

IMPORTANT! Citizens choose this method of payments if the amount of savings is small. With the unlimited term option, additional payments will be minimal.

One-time

If a citizen has not accumulated a significant amount in a savings account and the amount of the additional payment is less than 5% of the insurance pension, he can receive the entire amount at a time.

Is it possible in Russia to withdraw pension savings before retirement?

Attention

It varies depending on the economic situation in the country and, taking into account inflation in 2020, is 4%. Customer savings grow by this amount every year. How to transfer In any division of Gazprombank you can sign an agreement for transferring savings to a non-state pension fund. Registration takes up to 10 minutes and does not require any special paperwork.

Employees are asked to have a mobile phone with them; confirmation of the transfer will be sent to the number. All services are provided free of charge. If there is no branch at the citizen’s place of residence, you can send copies of documents certified by a notary to the address Moscow, st. Sergeya Makeeva, 13.

How to find out the amount of a funded pension?

By default, all funds of insured citizens were accumulated in personal accounts in the Pension Fund. If a future pensioner wanted to transfer savings to a non-state pension fund, he had to submit a written application to the territorial branch of the fund before the end of 2015. After the transaction, the citizen entered into an agreement with the NPF, which assumed responsibility for the safety of pension funds.

To find out the amount of current savings , the insured person needs to contact directly the fund where the funds were previously stored. If the savings remain in the Pension Fund, then the request should be submitted via the Internet (your account on the Gosuslugi portal or on the fund’s website) or in person (contact the MFC or the territorial branch of the Pension Fund). If you have an agreement with a non-state pension fund, you need to visit the customer service department of this institution.

Through the Gosuslugi website

To check how much savings is left in your account, you need to:

• follow the link and log in to your personal account;
• click the “Pension, benefits and benefits” button;
• select “Notification of personal account status”;
• Click the “Get service” button.

After processing the request, a transcript of the status of the personal account will appear indicating the balance as of the current date.

Through the personal account of the Pension Fund of Russia

Sequencing:

• follow the link and log in to your personal account;
• go to the “Individual personal account” section;
• click the “Get information about generated rights” button;
• go to the section “Information on earnings and experience reflected in the ILS”;
• Click “Get information about the status of the HUD.”

At the Pension Fund branch

You can obtain an extract on the status of your personal account at any branch of the Pension Fund of Russia. To do this, you need to contact customer service specialists, present your original passport, SNILS and fill out an application. Within 5 working days, the insured person will be issued a statement with a detailed transcript.

At the MFC

To find out the amount of savings through the MFC, a citizen will need a passport and SNILS. The center specialist will fill out the application and send it for processing. The extract is prepared within 7 to 10 working days, after which it is issued by hand or sent electronically to the applicant.

ATTENTION! An extract can only be obtained if the MFC has concluded an agreement with the Pension Fund of the Russian Federation for the provision of this type of service. You can clarify this directly on the website or through the help desk.

In NPF

Non-state funds are also required to provide complete information about citizens’ savings. To do this, you need to contact the fund’s office directly or submit a request through the “Personal Account” on the website. To log in you will need SNILS, email, password and phone number. Some NPFs provide clients with the opportunity to log into their “Personal Account” using an account on the “Government Services” portal.

The completed statement can be received in any convenient way: in hand, by mail or electronically.

Sample statement

The extract form was approved by Order of the Ministry of Labor and Social Protection dated 01/09/2019 No. 2n. The document contains the following information:

• request details (date, number, code in the personalized accounting system);
• date of document preparation;
• information about the insured (full name, number in the Pension Fund system);
• the name of the organization that is the insurer (PFR or NPF), as well as information about the management company that invests the funds;
• the amount of accumulated contributions, including through maternity capital and pension co-financing programs;
• name, seal and signature of the organization that issued the extract.

Is it worth translating: pros and cons

Before signing an agreement with the fund, it is recommended to consider all the advantages and disadvantages. The advantages include:

1. The ability to replenish your account in any possible way, including by deducting part of your salary, through another bank, any bank terminal, online on the website or in person at a branch.
2. Make a tax deduction from contributions every year.
3. Choose any pension scheme, change it at any time.
4. Transfer funds to heirs or close relatives.
5. Terminate the agreement unilaterally at the discretion of the applicant, receiving the accumulated interest on the account and all contributions.
6. Use your personal account, receive any information about your personal account within a few minutes, keep track of receipts of funds.

The Fund has the right to stop indexing pensions at its own request, for example, to cover losses or survive a difficult economic period.

Citizens who transferred the funded part of their pension to a non-state pension fund have the opportunity to increase future payments. If you take care of your savings in advance, the Gazfond has all the conditions to provide for your old age.

How to find out the amount of the funded pension of a deceased relative?

To find out the amount of savings of a deceased relative , you need to contact the Pension Fund with a written request. To confirm credentials, the applicant must present a death certificate, original passport, and documents confirming the fact of relationship.

After checking the documents, the Pension Fund employee will prepare a statement of the balance of funds in the personal account. The heir must present this certificate to the notary to open an inheritance case. If there are no disputes with other applicants, you can contact the Pension Fund for payment.

Conditions of registration

To use the fund's services, it is enough to conclude an agreement. You can sign the papers at any branch, as well as online on the website if the applicant has an electronic signature. Before signing, you can clarify the information by phone or in person.

When concluding a contract, a minimum package of documents is required. Fund staff advise potential clients about available pension schemes.

Then you just need to make a down payment and the account is open. The fund operates only by bank transfer.

How to receive the funded part of the pension?

Firstly , you need to wait until retirement age, since it is impossible to apply for retirement earlier. For men this age is 65 years, for women – 60 years. An exception is provided only for beneficiaries and those who were able to independently accumulate the required amount.

Secondly , you can receive payments after contacting the organization where the account was opened. If the funds were managed by a state fund, you should contact the territorial branch of the Pension Fund. If the agreement was concluded with a non-state pension fund, submit an application directly to the customer service department.

Third, decide how payments will be made. At the moment, funds offer several options:

• receive additional payment for the rest of your life. Its size depends on the accumulated amount and survival period, which in 2020 was 258 months. If the insurance pension is more than 8,000 rubles, then the pensioner can receive the entire amount from the savings account one-time;
• independently determine the period during which the funds will be paid. This opportunity is available to citizens who participated in programs for additional pension provision, co-financing of pensions, as well as those who decided to send maternity capital to a savings account;
• request a one-time payment of all funds. First of all, this applies to disabled people receiving a social pension or a survivor's pension. In the case where the amount of savings is insignificant and the monthly payment does not exceed 5% of the old-age pension, the legislation allows the pensioner to immediately receive the entire amount from the account.

List of required documents

To apply for a pension you will need the following documents:

• passport (for foreign citizens - residence permit);
• SNILS;
• Bank details;
• original work record book or employment contract from the last place of work;
• pensioner's certificate or certificate indicating work experience.

Nuances of completing an application

An application for a funded pension is one of the important documents that a citizen fills out independently and then submits to the Pension Fund or Non-State Pension Fund. When designing, you should consider several important nuances:

1. Name of the organization to which the application is being submitted. It is written in full, with an abbreviated indication of the organizational and legal form.
2. Full name cannot be shortened, written only in the nominative case (for example, Sokolova Irina Petrovna).
3. Address. Must correspond not to registration, but to actual place of residence.
4. Passport data and SNILS. No shortcuts, no mistakes allowed.

If the application is submitted by a representative, his details are also indicated in the application, and a copy of the notarized power of attorney is attached. After filling out the header of the document, a request for the assignment of pension payments is written in free form, and a list of attached documents is indicated. At the end of the document, the date of completion is indicated and the applicant’s signature is affixed.

What do you need to know about deadlines?

You can apply for a pension both before (a month before) and after the established period (60 years for women and 65 years for men). The application is reviewed within 10 working days, and if a positive decision is made, payments begin from the next month.

The review period may be extended if the applicant has not submitted all documents. In this case, the fund sends a written notification and offers to eliminate the comment within 3 months.

The nuances of receiving the funded part of a pension in various non-state pension funds

Non-state pension funds are organizations licensed by the Bank of Russia and specializing in the management of pension savings. Their activities are regulated by the Federal Law “On Non-State Pension Funds”. According to the law, if the fund loses the funds of the insured person, the losses are reimbursed by the Deposit Insurance Agency.

Each fund operates in accordance with internal standards and rules, so the list of documents for receiving a funded pension may differ. In addition to the standard application, fund specialists may request original documents or notarized copies, and also ask to personally visit the organization’s office. Let's figure out what questions you may encounter when transferring and registering a pension.

At NPF "Gazfond"

NPF Gazfond has existed since 1994 and is currently one of the largest participants in the market. In 2020, RA Expert assigned the fund a ruAAA rating with a stable outlook, which indicates the high creditworthiness and financial stability of the organization. Pension funds are invested through Leader CJSC, which has been operating in the financial market for more than 26 years.

ATTENTION! You can get acquainted with general information about the fund, investment policy provisions, details, as well as the volume and structure of the portfolio by following the link in the relevant sections.

All documents required to conclude an agreement with a client, as well as the conditions for processing pension payments, are standard; the list can be viewed at the link. It also contains detailed information about possible schemes for accumulating and paying an additional pension.

At the moment, NPF Gazfond offers seven options:

• monthly lifetime payments, the amount of which is established by the investor (legal entity), and the purpose and procedure for payment is determined by the rules of the NPF;
• the duration, frequency of payments and the pension scheme are determined by the pensioner himself, but the procedure for appointment and payments depends on the rules established by the fund;
• the size and duration of payments is determined based on the accumulated amount; a minimum period (12 months) of payments is provided;
• the size and period of payments are determined by the pensioner, and the amount increases in proportion to the income received by the Pension Fund from investment activities;
• differs from others in that the decision on indexation is made by the Fund’s council;
• payments are made monthly, but what their size is is decided by the depositor (investor);
• The period of pension payments and the amount are determined by the NPF agreement with the pensioner, which is concluded for at least 10 years.

You can submit an application and copies of documents to receive a pension in several ways:

• in person by contacting the office of JSC NPF GAZFOND in Moscow or St. Petersburg;
• by mail, Simferopolsky Boulevard, 13, Moscow, 117556);
• contact an authorized representative of the depositor.

At NPF Otkritie

The second largest fund, NPF Otkritie, also has an AAA rating with a stable outlook. You can get acquainted with the management structure, reporting, and results of investment activities by following the link.

To enter into an agreement with a non-state pension fund for the management of pension savings, it is enough to submit an application in one of the convenient ways:

• through “Personal Account”;
• on the website by clicking the “Conclude an agreement” button;
• leave a request so that specialists will contact the future investor themselves;
• personally contact one of the fund’s representative offices with your passport and SNILS.

When concluding an agreement, the client will be able to choose the payment scheme, frequency and period of pension payments. Applying for a funded pension is simple - just show your passport and fill out the appropriate application.

In NPF "Sberbank"

NPF Sberbank has been working in the pension market for 25 years and has offices in almost every city in Russia. The fund adheres to a conservative strategy, preferring to invest only in reliable securities. NPF Sberbank is a subsidiary of PJSC Sberbank, which is partially owned by the state.

The payment is assigned subject to the citizen reaching retirement age and the insured person submitting a certificate from the Pension Fund of Russia about the length of service, passport, SNILS and bank details for transferring funds.

You can submit documents in one of the convenient ways:

• in person to a Sberbank branch;
• in person to one of the NPF offices;
• through “Personal Account”;
• by mail.

At NPF "Safmar" and "Doverie"

NPF Safmar also specializes in pension savings management. You can find general information about the activities, licenses, and addresses of branches of NPF Safmar on the page.

ATTENTION! In 2020, NPF Doverie ceased its activities due to reorganization and merger with NPF Safmar. All obligations to clients were also transferred to NPF Safmar

You can apply for pension payments through your personal account or in person by submitting a standard package of documents (passport, SNILS, certificate from the Pension Fund and current account details). The procedure for registering a pension for clients of affiliated funds (“Trust”, “European”, “Regionfond”) is identical.

Personal Area

The personal account section on the official page is located in the upper right corner. Depending on whether the client is an individual or a legal entity, you need to select the appropriate section.

Registration is possible through an email address or the Government Services website. Next, you will need to confirm your mobile phone number by entering the confirmation code sent via SMS. The final stage will be generating a password, a security question and waiting for an answer. You can log into your personal account by entering your username and password in the appropriate fields.

Possibilities

By switching to NPF GAZFOND, clients will receive several unique opportunities:

1. Determine the period and amount of deposited funds yourself.
2. Use the method of transferring contributions that seems most profitable and convenient to users.
3. Receive social benefits in the amount of 13 percent of the total amount of money you provide;
4. Choose a pension scheme at your own discretion.
5. Terminate the contract with the company at any time, taking away the accumulated money.

Read more: Additional leave for military personnel under contract

How to find out your savings?

You can find out the amount of accumulated payments in the corresponding section of your personal account on the official page of the company.

How to get a social deduction?

If a citizen pays additional contributions to finance a funded pension at his own expense, he has the right to a social deduction. The procedure and rules for its provision are established by clause 5 of Art. 219 of the Tax Code of the Russian Federation. Let's figure out how to apply for a deduction and how much money the state will return.

ATTENTION! If the transfers are made by the employer, the employee does not have the right to a deduction.

Deduction amount

In accordance with the Tax Code of the Russian Federation, once a year a citizen can receive a deduction in the amount of expenses actually incurred, but not more than 120,000 rubles. This amount includes not only additional costs for a funded pension, but also other expenses, for example, training, purchase of medicine, voluntary health insurance, etc. If in one period the taxpayer incurred several types of expenses that together exceed the established limit, he will be compensated for the amount in accordance with with a set limit.

ATTENTION! It is not possible to transfer the unused deduction amount to another tax period.

Conditions of receipt

Firstly , a social deduction is a refund of part of previously paid income tax, and therefore not every citizen can take advantage of the benefit. Only those who have an official place of work and income taxed at a rate of 13% will not be denied compensation. If one of these conditions is not met, the tax office will refuse to provide the deduction.

Secondly , the taxpayer must pay the contribution from his own funds. Confirmation is payment orders indicating the full name of the insured person or a receipt for payment in cash. The tax office may request these documents during a random audit of the declaration and if doubts arise. It is also necessary, upon request, to submit to the Federal Tax Service a certified copy of the agreement with the NPF.

ATTENTION! If contributions are transferred by the employer at the request of the employee, they must be issued in separate payment orders. In the purpose of payment, it is necessary to indicate the full name of the insured and the contract number.

Step-by-step algorithm for obtaining a deduction

If the insured person makes payments on his own, he should contact the tax office at his place of residence to receive a deduction. You can submit documents electronically (via the Federal Tax Service website, State Services), by mail or in person. Step by step instructions:

Step 1 . Obtain from the employer a certificate in the form of personal income tax-2 on the amounts of accrued and withheld tax payments and a certificate on the amount of additional contributions withheld and transferred on behalf of the insured person.

Step 2 . Prepare copies of documents confirming the fact that the citizen has paid additional contributions. This could be KKM checks, payment orders from O, a cash receipt order, a copy of an agreement with a non-state pension fund.

Step 3 . Fill out the 3-NDFL declaration for the year in which the costs were incurred. Submit to the tax office at your place of residence along with a package of documents and bank account details.

ATTENTION! If the taxpayer has independently calculated the amount to be refunded from the budget, he can immediately submit an application for a personal income tax refund.

Step 4 . Within 3 months, the tax inspectorate checks the submitted documents, then notifies the citizen of the decision made.

IMPORTANT! You can apply for reimbursement of expenses for additional pension provision within 3 years from the date when payments began to be made.

If the employee has instructed the employer to make payments, then the deduction is processed differently. Before the end of the year in which the deductions were made, the insured person must submit an application for the benefit to the accounting department. After this, the employer will independently contact the tax office and submit all the necessary documents.

The procedure for receiving the funded part of the pension

In accordance with the law, a funded pension in the event of death can be inherited by relatives. To do this, you should contact a notary with an application to open an inheritance case. After determining the inheritance, identifying heirs and distributing shares, relatives will be issued documents confirming the right to part of the pension savings.

After completing the inheritance procedure, you must submit an application to the pension fund that managed the pension savings of the deceased. After reviewing the documents, the amount will be transferred to the heir within 20 days from the date of application.

ATTENTION! If the deceased has made an order to inherit pension savings, then after his death the amount will be immediately transferred to the heir.

Conditions of receipt

The funded pension is inherited in the following cases:

• the payment was assigned by the fund, but the deceased did not receive it;
• part of the funds was transferred in the form of an urgent payment, and the rest was kept in the account.

Who can get it?

Pension savings are inherited in the same way as all other property of the deceased. In accordance with the RF IC, children, the spouse of the deceased, parents or adoptive parents can primarily apply for these funds. If there are no first-degree heirs, the right to receive funds passes to brothers, sisters, grandchildren, grandparents.

Also, the owner of the funds can draw up an order and indicate an heir who will receive the funds after his death. Any person can be appointed as an heir, even if he is not a relative and is entitled to a mandatory share in the property of the deceased. The document is drawn up in writing and certified by a notary.

ATTENTION! If disagreements arise between relatives regarding the distribution of inheritance or disagreement with the conditions specified in the order in the Pension Fund, a statement of claim should be filed and the documents challenged in court.

Where to contact?

If a deceased relative had an agreement with a non-state pension fund, you should contact the institution’s office directly. In the case where funds were accumulated in a state fund, documents should be submitted to the territorial branch of the Pension Fund of the Russian Federation at the place of residence of the deceased pensioner.

The application must be submitted before the expiration of six months from the date of death of the testator. Within a month, it will be reviewed by the fund’s specialists, and relatives will be notified. As a rule, funds are transferred within 20 days.

ATTENTION! If the deadline established by law has been missed, it is necessary to file a claim in court to restore it. After considering the case and making a positive decision, you can submit an application for the transfer of funds from the savings account of the deceased to the account of the heir.

List of required documents

The following documents must be attached to the application for receiving a funded pension of the deceased:

• a copy of the applicant's passport;
• marriage certificate, birth certificate or other documents confirming the fact of family relations;
• original death certificate;
• original and copy of SNILS;
• certificate of inheritance.

Interesting video

Even more information in the video story:

Hundreds of non-state pension funds operate legally in Russia, offering citizens the opportunity to transfer their savings.

NPF GAZFOND is one of the oldest on the market; it is known for its high quality of service and regular payments both in the Russian Federation and in other countries. There are more than 200 branches in Russia, in each of which employees accept applications from citizens.