Today, on the part of the state, every Russian is guaranteed the payment of a certain amount of money when an insured event occurs. Nevertheless, far from always the size of the benefit received can fully provide a person in material terms. In order to increase the degree of social protection of citizens, a very positive mechanism was established at the level of the current legislation related to the formation of additional payments with the participation of a citizen directly. What corporate pension (Rosneft)? Reviews participants today are endowed with what shade? Why? You can find answers to these and other equally serious questions in the process of familiarization with the materials of this article.
Private pension system
When a category such as corporate pension, welfare The population after some time improved significantly. The most important and even decisive role in the non-state pension system is played by employers. The fact is that they have the right to participate in the operation to accumulate a future pension for their own employees. It should be added that for different categories of employees different corporate pensions in Russia and related programs.
Being a weighty argument in terms of ensuring social security for employees of a particular structure and a means of developing a successful personnel policy, corporate pension coverage is being introduced more and more actively in various types of enterprises. Among them are many associations with a small number of employees. In terms of large-scale and large structures, it is worth noting that corporate pension Rosneft, reviews employees of which are exclusively positive, Sverbank or Russian Railways OJSC conquered the Russians immediately. And this is not surprising. Besides the fact that such an approach is pleasant in itself, citizens get the opportunity to slightly improve their own living conditions.
The benefits of being implemented corporate pension Rosneft both for the structure and for individual workers, in general, are obvious. It is necessary to add that the possible disadvantages of participation in the presented system for the formation of pension payments cannot be considered significant.
The essence of private pension provision. What is a corporate pension?
Category such as corporate pension supplement, is directly related to private pension provision. One way or another, the latter is on a par with the main types of pension provision in the Russian Federation, including government payments and compulsory insurance.
Non-state pension provision should be understood as an additional opportunity for citizens to form another type of payment by the time they leave for a well-deserved rest by signing an agreement with a selected non-state pension fund. It is important to note that corporate pension (Rosneft for example), one way or another, depends on the following parameters:
- The period of payment of cash as a pension.
- The specific amount of contributions paid by the contributor.
You need to know that these conditions are displayed in detail in the individual plan or pension scheme, which in any case is attached to the contract. By the way, under the latter should be considered the agreement adopted by the participants of non-state pension provision, which lists all the obligations and rights of each of the parties. It’s important to know that a category such as additional corporate pension, provides the performance of several significant functions. Among them are the following items:
- Cash saving function.
- Accumulation function. It is necessary to add that here should take into account the receipt of investment income.
- The function of guaranteeing payment when an insured event occurs. By the way, the latter can be attributed to the loss of a breadwinner, the achievement of a specific age, disability, and so on.
You need to know that the activities of non-state pension funds, the size of a non-state pension, the conditions for its appointment and the period of payment are categories that are strictly regulated by the law “On NPFs”.
Corporate Pensions (2017)
As it turned out, the corporate pension plan is part of an NGO. You need to know that the key distinguishing feature of the latter is the ability to independently choose the conditions for receipt and the previous accumulation of payments of a non-state nature. Nevertheless, today another type of participation in the pension program on a voluntary basis is gaining popularity, when the employer takes on the role of investor. So, here we have corporate pension coverage and, accordingly, a category such as corporate pension.
The presented form of the formation of pension payments allows the employee, subject to minimal costs, to secure decent income in the future. It is important to know that the pension program is implemented together with the selected non-state pension fund. Corporate pension - This is a type of payment that can be provided to all employees, as well as their individual categories. To date, three corporate pension systems are known that differ in the sources of accumulation of monetary resources. Among them are the following items:
- The solidarity system involves the payment of pension contributions taxed by income tax by the employer in accordance with a single account. It is necessary to supplement that the terms of payments and the duration of such a category as corporate pensionare installed directly by the enterprise. In case of assignment of the considered pension payments, the employer should open a personal account for the employee and determine the specific amount of savings.
- The individual system involves the transfer of funds of the employer to the registered accounts of employees. It is important to add that in this case corporate pension tax not seized.
- The parity system involves participation in the formation of pension payments not only for the employer, but also for the employee.
It is important to know that contributions are kept strictly in different accounts in accordance with the share of each investor. Category such as corporate pension, able to overcome several tasks at once, including social, financial and personnel. Being an additional motivation for employees, along with bonuses, bonuses and medical insurance, corporate pension coverage is becoming an essential tool in terms of the effectiveness of the structure itself.
Examples of corporate pension provision in Russian companies
Today, Russian companies are increasingly practicing the introduction of corporate pensions as an additional motivation for their own employees.It is important to note that for the implementation of such projects in some structures special services are even formed that deal with absolutely all problems related to pension provision at the corporate level. Among them are issues such as calculation, indexation of corporate pensions and so on.
Active work related to the implementation of the type of pension provision under consideration is being promoted along with a non-state pension fund. It is necessary to add that the currently relevant principles for the interaction of NPFs and structures in the process of formation and implementation of the corporate system are clearly reflected in the pension program. By the way, options for such programs can be very diverse. As a rule, they differ according to the following criteria:
- List of participants.
- Pension grounds that determine the right to a pension.
- Principles of financing.
- Methodology for calculating the amount of pension provision.
It should be noted that the following large Russian companies show special loyalty to their own employees in the process of developing pension programs: Russian Railways, Rosneft, Sberbank, Transneft, and so on.
How corporate pension is accrued: Rosneft as an example
To date, Rosneft employees are endowed with the opportunity to form their own pension savings in the private pension fund Neftegrant. It is important to know that the corporate program of the presented structure uses the joint principle in terms of mutual obligations on the part of both the employee and the employer. To receive the considered type of pension payments, the following conditions are necessary and mandatory:
- The exercise of the law corresponding to the purpose of the pension, which is established strictly according to the current legislation of the Russian Federation.
- The presence of continuous experience at the enterprise for 5 years.
- Dismissal from the structure is not due to one or another offense.
It is important to note that corporate pension (Transneft, Rosneft, and so on) in terms of size, it depends on the set percentage of the lost average wage by the employee and his fulfillment of the conditions described in the individual agreement with the non-state pension fund. By the way, in order to resolve issues related to the payment of pension contributions, as well as the appointment and payment of corporate pensions, the Rosneft company carries out the proper functions of a non-state pension provision commission.
You need to know that a certain amount is paid on a monthly basis without restrictions in terms of time. In other words, corporate pension (Transneft or Rosneft) is charged for life. You need to know that receiving the payment in question is excluded at the same time. In addition, it is also impossible to inherit the right to receive a corporate pension formed by the employer.
Sberbank Pension Program
In this chapter, it would be appropriate to consider a category such as Sberbank corporate pension. You need to know that for employees of this structure, the corporate pension program is implemented together with the non-governmental fund of Sberbank. Program conditions include the following items:
- The opportunity to participate in the program exclusively after 3 years of continuous work in the company.
- Mandatory opening of a personal account, as well as payment of the first installment after 7 years of continuous experience in the structure.
It is important to know that the payment of the amounts accumulated during the period of employment at Sberbank is carried out exclusively if there are appropriate pension reasons.The amount of pension payments consists in a strict dependence on the sum of money transferred in fact by that time, as well as the investment income that has been received over the years. By the way, members of the Board of Sberbank cannot be involved in the corporate program under consideration.
Corporate pension provision at Russian Railways
To begin with, it should be noted that the Russian Railways pension program is being implemented together with the Blagosostoyanie non-governmental pension fund. The corresponding system is based on the principles of shared participation of the employer and employee in terms of accumulating future pensions. The main conditions for pension provision in this company are the following items:
- The acquisition of the right to pension payments in the event of an insurance experience of at least 5 years.
- Absolute retention of rights related to the accumulation of funds upon transfer to another company within the same corporation.
- Absolute preservation of the right related to the payment of funds even after dismissal until a certain (retirement) age is reached if there is an experience of 5 years, as well as a refusal to offer to withdraw the redemption amount.
Payout period
It is important to note that the corporate pension of Gazprom and Sberbank is endowed with appropriate payment periods, including:
- Lifetime Payments.
- Urgent payments (duration in this case is chosen directly by the investor).
- Phased payments (the first stage involves the payment of an increased percentage of the amount calculated in the monthly aspect, the second stage involves determining the size of the remaining funds in the account).
You need to know that even if there is less than 5 years of work experience in the structure at the time of dismissal, the employee is vested with the right to maintain corporate pension when he will pay personal contributions in a certain amount after a job change. It is important that the funds accumulated by the employees of Russian Railways, one way or another, are subject to inheritance in accordance with the chosen scheme of the pension plan. It should be noted that in case of termination of the contract of non-state pension provision, the employee has the opportunity to return exclusively personal accumulations within 3 months from the date of registration of the relevant application.
Benefits of implementing retirement plan programs
Based on the key tasks that corporate pension coverage deals with, it would be advisable to highlight some positive points for absolutely every participant in the respective programs. Among them are the following items regarding the employer:
- Attracting young professionals.
- Interest in long-term cooperation of highly qualified personnel.
- Increasing employee loyalty.
- Increased productivity and quality of work.
- Competitive advantage of the structure.
- Attracting more investment.
- Decrease in the base in terms of accrual of tax payment on profit.
With respect to the employee, the following advantages should be highlighted today:
- Additional motivation in terms of a long period of employment in this company, no need to change jobs.
- Social protection provided after retirement through the payment of remuneration as an addition to the basic pension.
Thus, the introduction of private pension programs allows one to achieve not only positive management results, but also to obtain economically high effects from their implementation.
Negative moments and program development
In addition to the positive characteristics, the introduction of corporate pension schemes also implies some aspects of the negative plan.As a rule, they are associated with the development of these programs, costs and the impact of stability and reliability of the selected non-state pension fund on the achievement of the planned results. Nevertheless, these disadvantages cannot be prioritized, because in this case there are much more advantages. In addition, they are qualitatively large-scale.
How can a corporate orientation pension program be developed today? It is important to note that such a program, one way or another, is being developed by the company in conjunction with a non-state pension fund. The choice of the latter is based on an analysis of the effectiveness of its activities over a period of time, as well as the availability of a positive rating in terms of reliability. In the process of forming a pension program, it will be advisable to distinguish the following stages:
- Analysis of economic and social indicators.
- Preparing a corporate retirement plan.
- Conclusion of pension contracts with employees individually.
- Financing a formed program on the basis of a formal contract.
In conclusion, it should be noted that at all stages of the implementation of the considered programs in the company, specialists in the human resources department or a specially formed service for pension provision are active. So, employees help all participants to understand vital issues and choose the most optimal accumulation scheme.