A non-state pension fund is a special organization that carries out activities for non-state pension provision, state pension insurance. The procedure for creating, registering and carrying out the activities of the fund is regulated by a special federal law.
The activities of non-state pension funds are rapidly developing and are becoming increasingly important for the implementation of the pension rights of citizens of the Russian Federation. Moreover, such funds operate on the basis of a special federal law, which defines them. In accordance with this act, an organization that carries out only two types of activities is called a non-state pension fund. The first type is activities related to non-state pension provision on the basis of agreements concluded between the fund and its participants. The second type is the activity of a pension insurer, carried out in accordance with the law and agreements on compulsory pension insurance.
Features of the activity of non-state pension funds
Non-state pension funds carry out the above types of activities independently of each other. This means the organizational and financial independence of these types of work, which is aimed at additional protection of citizens' funds. In this case, the first type of activity (non-state pension provision) is carried out on a voluntary basis, while the main one is usually work as an insurer. As part of this work, the fund collects pension savings, organizes their strict accounting and investment activities aimed at increasing capital. In addition, the fund appoints, pays the funded part of the pension, makes urgent, one-time pension payments.
How a non-state pension fund is created
The law allows the creation of non-state pension funds in the form of joint stock companies with certain characteristics caused by the specific activities of such an organization. These funds are liable for obligations with all property belonging to them, immediately after their creation, they are subject to state registration. Specific is the fact that the decision on the state registration of the fund and subsequent changes is made by the Bank of Russia. Subsequently, the registration authorities interact with the Central Bank of the Russian Federation, informing him of all information about possible changes in the structure and activities of the fund. These rules make it possible to exercise effective control over the work of the fund, to ensure the safety of pension savings.
