Superannuation

Superannuation Superannuation, as the need for material security of citizens in old age, exists in all developed countries. Increased life expectancy and declining birth rates only add urgency of the problem. So perfect legislation on pension insurance is not found, perhaps, in any state. In Russia, the pension is traditionally based on the voluntary responsibility of younger generations to older ones. Includes those working youth. Who went on a holiday. Falling birth rates makes such a scheme is very shaky. In the Russian pension insurance is based on two types of pensions: state and private (extra). If the first form of state guarantees, and the procedure for obtaining clearly regulated by law, the second type of pension can exist in different versions, the nuances of which depend on the specific contract. Mandatory pension insurance Compulsory pension insurance shall be effected by the Pension Fund of Russia, which serves as the insurer. The role given to the insured organizations or citizens engaged in recruiting and generating calculation and payment of contributions. Persons subject to the mandatory pension insurance, are insured. Retirement pension consists of three components: a base, an insurance and accumulation, and the sources of funding for these parts are different. The base component is funded by the federal budget, and insurance and cumulative form of the Pension Fund of Russia (specifically - from insurance contributions made by the employer). Certain categories of citizens have the right to receive state pensions (federal civil servants, military, disabled persons, war veterans, persons affected by man-made disasters, or radiation). Superannuation entities above is from the federal budget. Private (optional, voluntary) pension insurance To date, the legislation provides for the possibility of working together with a pension and receive an extra. These services provide the citizens of non-state pension funds. Voluntary pension insurance in effect, - a type of life insurance, the mechanism of action is not so complicated. Citizen, according to the contract, lists certain amount of money an insurance company, and the latter to invest these funds in order to increase their volume. Upon reaching the retirement age limit a customer, the company pays him an additional pension. To date, developed a mass of supplementary pension insurance, and the client's right - choose the one that he would prefer. Contributions to the pension fund may be one-time or cumulative, payments - annual, quarterly or monthly (depending on contract). And the agreement may be concluded for a period of 99 years. The payment of money in the case of a pensioner supplementary pension insurance may also be carried out once a quarter, semester, month, etc. - within a specified period or until the end of life. With the adoption of the Federal Act on private pension funds, have received an impetus to the development of a pension insurance companies and large corporations and pension programs for individuals who want to save money towards disabled children.