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FEDERAL LAW OF THE RUSSIAN FEDERATION

of May 7, 1998 No. 75-FZ

About non-state pension funds

(The last edition from 03-08-2018)

Accepted by the State Duma of the Russian Federation on April 8, 1998

Approved by Council of the Russian Federation on April 22, 1998

Chapter I. General provisions

Article 1. The relations regulated by this Federal Law

This Federal Law governs the legal, economic and social relations arising during creation of non-state pension funds, implementation by them of activities for non-state pension provision, including for early non-state pension provision, mandatory pension insurance, reorganization and liquidation of the specified funds and also establishes the basic principles of the state control of their activities.

The relations which arise during creation of non-state pension funds, implementation by them of activities, reorganization and liquidations of the specified funds are regulated by this Federal Law, the legislation of the Russian Federation on mandatory pension insurance, other Federal Laws and other regulatory legal acts of the Russian Federation, regulations of the Central bank of the Russian Federation (further - the Bank of Russia).

Article 2. Non-state pension funds

1. Non-state pension fund (further - fund) - the organization which exclusive activities is non-state pension provision, including early non-state pension provision, and mandatory pension insurance. Such activities are performed by fund based on license for activities for provision of pensions and pension insurance (further - the license).

2. The fund has the right to perform activities for non-state pension provision from the date of, the decision making following behind day about provision of the license, and activities for mandatory pension insurance from the date of following behind day of entering of fund into the register of non-state pension funds - participants of system of guaranteeing the rights of insured persons.

Article 3. The basic concepts used in this Federal Law

For the purposes of this Federal Law the following basic concepts are used:

the agreement of non-state pension provision (further the pension agreement) - the agreement between fund and the investor of fund (further - the investor) according to which the investor shall pay pension contributions to fund, and fund shall pay to the member (participants) of fund (further - the participant) non-state pension;

the agreement on mandatory pension insurance - the agreement between fund and insured face for benefit of insured person or his legal successors according to whom the fund shall in case of approach of the pension bases to perform appointment and payment to insured person of funded pension and (or) due retirement benefit or lump  sum payment or to perform payments to legal successors of insured person. Persons specified in part 7 of article 7 of the Federal Law of December 28, 2013 to No. 424-FZ "About funded pension" concern legal successors of insured person (further - the Federal Law "About Funded Pension");

the paragraph the fourth voided according to the Federal Law of the Russian Federation of 28.12.2013 No. 410-FZ

the investor - the physical person or legal entity which is the party of the pension agreement and paying pension contributions to fund;

insurer - the physical person or legal entity obliged to list insurance premiums for financing of funded pension for benefit of insured person according to the Federal Law of December 15, 2001 to No. 167-FZ "About mandatory pension insurance in the Russian Federation";

the participant - physical person to which according to the prisoner between the investor and fund the pension agreement shall be made or payments of non-state pension are made. The participant can act as the investor in own favor;

insured person - the physical person which signed the agreement on mandatory pension insurance;

pension contribution - the money paid by the investor for benefit of the participant in accordance with the terms of the pension agreement;

insurance premium - individually paid obligatory payments on mandatory pension insurance on financing of funded pension paid by the insurer for benefit of insured person to the Pension Fund of the Russian Federation for the subsequent transfer to the fund chosen by this insured person according to the procedure, No. 167-FZ determined by the Federal Law of December 15, 2001 "About mandatory pension insurance in the Russian Federation";

non-state pension - the money which is regularly paid to the participant in accordance with the terms of the pension agreement;

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