The funded part of the pension is an amount in ruble terms that is transferred under the management of a new third-party organization for the purpose of investment for profit. The amount of funds is 6% of contributions transferred by the employer. A smart investment allows you to increase your payout. However, not all citizens know how to receive the funded part of a pension. We will talk further about what needs to be done to withdraw the amount from the NPF, including before retirement, about preparing a package of documents for the procedure, as well as the legal norms governing the procedure.
Will it be possible to return savings from non-state pension funds?
If a citizen decides to transfer part of the pension to a management company, this will increase the amount. The amount of income depends on the selected non-state pension fund. If you leave the money in the Pension Fund, the amount of the savings portion will not change. It will only be indexed in accordance with the inflation rate. In Article 5 of the Law “On Labor Pensions in the Russian Federation,” the funded part complements the insurance part and is accounted for in a separate account. Men and women who have reached the required age are eligible to receive payments. In this case, insurance experience and a sufficient number of pension points are required. The funded part of the pension can be provided at the time of retirement or before this period. If an agreement is concluded with a non-state pension fund, the savings part is provided one-time or monthly along with the insurance.
Note! To receive the total amount, you need to write an application to the Pension Fund and NPF.
If the pensioner dies, the remaining savings are received by the heir. Money from the NPF is provided in a lump sum. If part of the pension was formed with the help of maternity capital, the husband or minor children have the right to claim the amount. If the child continues his studies at a university, the possibility of crediting funds to the account is extended until he is 23 years old. The amount can be provided one-time or monthly.
The possibility of a one-time payment of the funded portion is available only to citizens belonging to a certain category. If a person continues to work after retirement age, no payments are provided. If all conditions are met, you need to contact the Pension Fund or use the State Services portal. Money is paid if a person is declared disabled or left without a breadwinner. Payments are accrued again only after 5 years. Persons who have taken early retirement have the right to take advantage of a funded pension before the established period. A complete list of conditions is presented in Articles 27–28 of Federal Law No. 173. The citizen himself, an authorized person if he has the appropriate document, or a legal successor under a will has the right to dispose of the amount.
How is the savings portion paid?
To obtain the amount of savings, several stages go through:
- A visit to the Pension Fund for the purpose of drawing up paperwork on the payment of a pension or the right to it. Sometimes a certificate is issued stating that the citizen has reached the age for calculating a pension.
- Transfer of a set of documents to the nearby Savings Bank office. You can contact any branch.
- Drawing up an application for payment of the funded portion.
When a citizen, in addition to the compulsory pension insurance agreement, formalizes co-financing of future payments, he can receive the accumulated contributions in a lump sum.
After submitting the application and package of documents, the pensioner awaits a response from the financial institution. The application is reviewed within 1 month. After the decision is made, an SMS notification is sent to the account owner. It indicates the date of receipt of the response and information about the transfer of money to the account.
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Where to get it
Initially, the funded part of the pension is managed by Vneshtorgbank. Citizens know this organization as the Pension Fund. If the money has not been transferred, it is not inherited or transferred to the legal successor. In the event of the death of a pensioner, the amount remains at the disposal of the fund. If a person wants to make money work, they will need to draw up an agreement to transfer the amount to a non-state pension fund. In order for a pensioner to be granted the right to carry out transactions with the account, personal participation in the investment will be required.
If savings are stored in the Pension Fund of Russia, you need to visit the nearest branch of the organization. If you participate in the co-financing program, you will need to write an application to the MFC with which the agreement was previously concluded. You will need to attach a package of documents to your application. An employee of the institution will ask in what form the person plans to receive funds. If all the requirements of pension legislation are met, the application to claim the funded part of the Pension Fund or Non-State Pension Fund will be accepted for consideration and the papers will be transferred to higher authorities. The answer will be received within 30 calendar days.
How to withdraw pension savings: documents and nuances
It is worthwhile to first familiarize yourself with the options for receiving funds when drawing up an application for partial payment of pension savings:
- One-time payment . Those who have a small amount of savings in their account - about 5% of the insurance pension - can count on obtaining permission to withdraw the entire amount. After completing the application immediately, the entire amount can be received within two months.
- Payment on time . This type of payment provides for a certain period, no more than 10 years. In this case, the entire amount of savings is distributed in equal shares and paid monthly. This also includes maternity capital funds and contributions to the pension co-financing program.
- Regular payment method . This method is the most familiar and frequently used. The savings part is divided into equal amounts and added to the monthly payments of the insurance part.
- In the event of the death of the policyholder, funds can be paid in full to the heirs, subject to the conditions of the inheritance law.
To withdraw pension savings entrusted to the Pension Fund of the Russian Federation, you must contact the territorial body of the fund in person, through the MFC or an authorized representative with a notarized power of attorney. In this case, you must present a passport, pension certificate, SNILS and other documents required by the fund’s specialists to process the payment.
In addition to the availability of documents and the desire of the policyholder, some other conditions are required to receive payments:
- availability of funds in the fund;
- reaching retirement age;
- occurrence of an insured event (disability, loss of a breadwinner, etc.);
- availability of all documents necessary to assign payment;
- a correctly completed application;
Upon reaching retirement age, a standard package of documents is provided:
- pensioner's ID;
- passport of a citizen of the country;
- work book, which records the entire work experience of the pensioner;
- pension certificate.
Is it possible to withdraw savings from a pension if a pension is assigned early in the event of an insured event? To do this, you must provide additional documents certifying this right. This may be a death certificate of the policyholder or a commission conclusion on obtaining a disability group.
What documents are required?
When figuring out how to withdraw the funded part of a pension from a pension fund, a citizen will find out that money can be provided in a lump sum, for an indefinite period or on an urgent basis. The option is chosen by the pensioner himself. The method of receiving the funded portion is indicated in the application. It must comply with the requirements of current legislation. In order for the money to be credited, you need to contact the management company or non-state pension fund and prepare a list of documents.
You will need to provide the following documents:
- pensioner's passport;
- SNILS;
- work book or contract;
- details of the account to which the pension will be transferred.
Documentation is provided during a personal visit or via the Internet. It is permissible to transfer papers by involving a trusted person in the procedure. However, his rights must be certified by contacting a notary. In some situations, additional documentation is required. The process of reviewing a personal case takes 1 month. Then appropriate decisions are made.
What to do if the insured person dies before retirement
Cases of premature death of the policyholder before reaching retirement age are quite common. What will be the fate of the money then and can the relatives of the deceased withdraw their savings from the pension? In such circumstances, pension savings are considered an inheritance, and the legislation takes into account the possibility of withdrawing the funded part of the policyholder's pension to the relatives of the deceased, but subject to certain conditions.
All funds are divided according to the will of the policyholder. A citizen must first make a written order in the event of his death to the fund where the savings funds are stored, and determine the circle of persons and the size of the share that each of the heirs will receive.
But few people expect a quick death, and therefore, even in the case of a long illness, people hope for a favorable outcome. Therefore, in the absence of a will, the accumulated funds in the policyholder’s account will be distributed in equal parts, according to the law, among the heirs of the first two orders.
Legal successors can withdraw savings from the policyholder’s pension only in the following cases:
- payments have not yet been established for the deceased;
- if there is an unpaid balance of the established benefit;
- a lump sum payment was claimed but not paid.
Important : heirs cannot withdraw savings from a pension if the deceased has chosen indefinite payments.
The applicant will have to:
- Prepare a package of documents. If the reason for early application is the presence of disability or the fact of the loss of a breadwinner, all this must be approved with the help of additional papers. Documents regarding qualifications and experience will be required. You can request a certificate about it from the Pension Fund. It will allow you to find out the standard pension amount. Sometimes a certificate from your last place of employment is required. It must contain the reason for dismissal.
- If a pensioner passes away and the legal successor applies to the NPF, a will is required. When registration is made through a representative, the standard list of papers includes a power of attorney. An appeal to the authorized body represents the fact of claiming rights to the balance of funded pension funds.
- Bank account details are provided. Pension payments will be transferred to them, unless otherwise provided.
- An application is being drawn up. You must use a ready-made sample. It can be obtained from the NPF. You will need to attach copies of the relevant documentation to the paper. Then all that remains is to wait for the decision.
Payment options
The law provides for three ways to receive pension savings - lump sum, urgently, and for life. The standard option is a lifelong funded pension. It is paid every month until the death of the pensioner.
Citizens can receive all funds at once:
- whose savings are small - less than 5% of the insurance amount;
- having a disability or survivors pension;
- who have reached age but have not earned the right to an old-age insurance pension.
The option of urgently receiving savings provision is developed only for persons who financed pension savings on a voluntary basis. This includes employer transfers above the mandatory percentage, personal and state contributions to co-finance pensions, transfers of maternal capital, as well as profit from investing these funds.
Pensioners receive savings provision, financed by voluntary contributions, for a selected period of time, lasting at least 120 months.
Features of legislation
Information about the status of a citizen’s individual account is displayed in the SZI-6 form. Here information is recorded on the amount of the contribution that went to the funded part. The certificate can be obtained from the Pension Fund or through the official website of the organization. The request is made in your personal account. Using the document, it will be possible to predict the size of the monthly increase. If a pensioner applies to a non-state pension fund for a funded portion, there will also be no problems.
If you want to receive a one-time payment, you must fulfill the following conditions:
- the monthly amount of savings does not exceed 5% of the insurance pension;
- if the accumulated amount of experience or points is not enough, the citizen will be denied payment;
- at the time of application, the person must stop working;
- The application will be approved only if it has not been submitted previously.
If an urgent payment of a funded pension is planned, the calculation will be made using a special formula. The minimum period for accrual is 10 years. It is periodically revised taking into account data on the life expectancy of pensioners. In 2014, the legislation underwent changes. As a result, the funded part of the pension was frozen. Citizens who managed to save a certain amount could take advantage of the right to earn money for their old age. Subsequently, all contributions were transferred strictly to the Pension Fund. No increase was provided. In the future, it is planned to return to the previous investment system. The total pension amount is mainly based on length of service. The use of an income scheme can improve the future of a pensioner.
Note! Investment allows you to increase the amount of monthly payments that a citizen will receive in hand.
The main problem with receiving the funded portion is the death of the insured person. But the point is that all copies of documents must be certified. The procedure will entail additional waste of time and money. The result is not always positive. If the pensioner died before the funded pension was assigned, relatives have the right to receive the amount in full. It is necessary to take into account that NPFs may be declared bankrupt. At the same time, the Bank of the Russian Federation acts as a guarantee of maintaining insurance premiums. However, refunds are made only at nominal value. All investment income will be lost.
Who is assigned a funded pension?
Citizens registered in the pension system and meeting 3 criteria have the right to a funded pension:
- born in 1967 or later;
- signed an agreement with the insurer (non-state pension fund or management company);
- sent an application to the Pension Fund of the Russian Federation to select an insurer.
The choice of NPF or management company should have been made in 2014-2015 or earlier. If a citizen first went to work after 01/01/2014, he had 5 years to choose the method of forming a pension. The rest of the citizens began to receive only an insurance pension.
Statistical data. As of December 31, 2016, the number of pensioners in Russia is 42.9 million people, the number of citizens receiving insurance pensions is 39.5 million people, funded pensions are 1.3 million people, and state benefits are 3.6 million people.
Additional recommendations
If a citizen wants to increase the size of their funded pension, they need to competently approach the selection of a management company or non-state pension fund. There must be an economic incentive to transfer funds. Usually it is a high percentage of profitability and liquidity. It's easiest to understand with an example. Let's say a person was born in 1980. Under previous rules, retirement would have taken place in 2035. However, the deadline has now been extended. As a result, a woman can go on a well-deserved rest only in 2040. Let’s assume that during the period of the co-financing program, which could be used from 2009 to 2014, the salary was 40,000 rubles. average. This would make it possible to receive interest income in the amount of about 38,000. At the same time, bonuses and salaries are not taken into account. The above amount is formed only on the basis of employer contributions. The average annual rate of the Central Bank of the Russian Federation is 11%. To calculate the amount of savings, the indicator must be multiplied by the total number of years for retirement. The result is a fairly large amount.
When the savings part was frozen, it was planned that in the future there would also be an increase in the size of savings. According to expert calculations, the increase in pension will be about 3,000 rubles. per month. Even if the non-state pension fund is closed, the citizen will not lose anything. Funds stored in NPFs are indexed in accordance with established ratios. The amount of payment is influenced by the amount invested under the maternity capital program. If a family has two or more children and government support funds are used to co-finance the mother’s pension, the increase will be significant. If a citizen cannot find a job, it is permissible to provide care for a disabled person or a person who has reached the age of 80. This period will be taken into account when calculating the pension and accruing pension points. The information is stored in the Pension Fund register.
Comments (26)
Showing 26 of 26
- Antonina 04/13/2016 at 19:11
My husband passed away, can I get his pension savings?answer
- Lyudmila 04/13/2016 at 19:57
- employed, born in 1967 and younger due to the employer making insurance contributions to the Russian Pension Fund;
Citizens can have a funded pension:
men born 1953-1966, women born 1957-1966, in favor of whom for the period 2002 - 2004. inclusive of insurance contributions for the funded part of the pension;
- citizens participating in the State Pension Co-financing Program;
- mothers who used their maternal (family) capital to form their pensions.
In the event of a person's death, accumulated funds may be transferred to his legal successors.
It turns out that if your spouse is included in one of the specified categories, in order to receive payment of his savings, as a legal successor, you need to contact the Pension Fund of Russia with a package of documents to submit the appropriate application.
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Tell me, are there any options for alternative pension accumulation?
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- Lyudmila 05/05/2016 at 17:15
- special pension bank deposits;
Yes, these methods of forming savings are considered:
non-state pension funds (NPF);
Of course, there are other sources of passive income that can be much attractive, but the listed methods of creating a pension are the most accessible and simplest for all segments of the population. You can independently choose any of the indicated directions.
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Good afternoon. Is it possible to receive the funded part of the pension earlier? There are two years left until retirement... Or only with retirement?
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- Lyudmila 06.11.2016 at 17:49
A funded pension is assigned only upon reaching retirement age and receiving an insurance pension. It will not be appointed earlier.
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My husband was born in 1947, and the savings portion of his pension fund is more than 100,000 rubles. Does this mean that he cannot remove it and will simply donate it to our poor state?
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Hello!
Please tell me, my husband is 30 years old, has been working officially since he was 20 and makes all contributions as required to the funded and insurance part of his pension. Can he withdraw and how much of the money? I heard that you can withdraw the insurance part of your pension...
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- Eduard 01/14/2017 at 13:08
The fact is that all contributions paid under the compulsory pension insurance system will be taken into account and paid only upon the occurrence of an insured event - reaching retirement age, the onset of disability or the loss of a breadwinner. You cannot simply withdraw these amounts.
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I am retiring in 2020. State co-financing ends in 2020. Can I receive some amount in 2020 upon retirement, or only in 2020 at the end of co-financing, or will they stretch it out over some time? Thank you.
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Hello! The situation is that a person is 45 years old and has no more than 3 years to live due to illness (oncology), with 28 years of work experience. Can this person receive all his savings ahead of schedule and, say, use this money to go to the sea with his family?
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You didn't answer Andrey. I have a similar situation too. Oncology. I don’t know how long I have left to live, but there is a very expensive new generation medicine that prolongs life. I have saved up a lot of pension to be treated with this medicine, but I cannot use my money because of this law. Now I really need this money. I’ve worked all my life, but now they won’t give me them for treatment. Why do I need them after death... Only relatives can take them. What kind of stupid law is this? Will I survive until they amend the law?
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Hello, I work as a teacher, can I receive a one-time funded part of my pension when I retire based on years of service (teachers retire for 25 years)?
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Hello. Please tell me, can I withdraw at least part of my pension contributions after giving birth, since I don’t have a husband?
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- Dmitry 10/31/2017 at 05:41
How much can you withdraw from your pension savings? And is it possible to remove it if a person dies? When will such a law come out?
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Hello, I just came across an article on the Internet that you can withdraw money from your SNILS number. Is it true?
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- Elvira 11/20/2017 at 07:53 pm
Valentina, no, these are scammers! Today the Pension Fund made an announcement about this. And this has nothing to do with the funded pension.
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Hello! Is it possible to receive a funded amount before retirement if disability is currently being paid? Thank you!
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- Oksana 12/06/2017 at 11:00
Yes. Contact the non-state pension fund where you formed your savings.
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Good afternoon Can I withdraw money from my account early? Born 1994 Since I was 18 years old, all my taxes go to the NPFR.
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Hello! I have been working since I was 20 and continue to do so. I'm 38 years old now. I have a hearing disability and receive a disability pension. There is a funded part of the pension; can I withdraw it early before retirement? I don't understand the law.
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My dad died before he could retire. Can mom get dad's pension?
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How to get pension savings when renouncing Russian citizenship and leaving the Russian Federation for permanent residence?
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Good afternoon. I am retiring based on my length of service; I am 44 years old. When can I receive my pension savings? And another question: in 2020 I transferred to the NGF, who should I contact for payment before 2020? In the Pension Fund or in the NGF?
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Can I withdraw my funded pension if my husband dies and I don’t work?
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Is it possible to cash out an insurance pension through court?
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