Document from CIS Legislation database © 2003-2021 SojuzPravoInform LLC

ORDER OF THE GOVERNMENT OF THE RUSSIAN FEDERATION

of October 18, 2012 No. 1058

About approval of Rules of money value by the Pension Fund of the Russian Federation of means of payable reserve and means of pension accruals of insured faces which establishes respectively funded pension and (or) due retirement benefit

(as amended on 07-10-2016)

According to part 5 of article 12 of the Federal law "About Procedure for Financing of Payments at the expense of Means of Pension Accruals" Government of the Russian Federation decides:

Approve the enclosed Rules of money value by the Pension Fund of the Russian Federation of means of payable reserve and means of pension accruals of insured persons which establishes respectively funded pension and (or) due retirement benefit.

 

Russian Prime Minister

D. Medvedev

Approved by the Order of the Government of the Russian Federation of October 18, 2012 No. 1058

Rules of money value the Pension Fund of the Russian Federation of means of payable reserve and means of pension accruals of insured persons which establishes respectively funded pension and (or) due retirement benefit

1. These rules determine procedure the Pension Fund of the Russian Federation (further - Fund) money value of means of payable reserve and means of pension accruals of insured persons which establishes respectively funded pension and (or) due retirement benefit.

2. The money value of means of payable reserve and means of pension accruals of insured persons which establishes due retirement benefit is performed for determination of compliance of amounts of obligations assumed by Fund concerning insured persons for payment identified by it accumulated portion of work old-age pension and (or) due retirement benefit to amounts according to means of payable reserve and means of pension accruals of insured persons which establishes due retirement benefit, for the purpose of carrying out in accordance with the established procedure adjustment of the sizes of funded pension and due retirement benefit.

3. The fund annually, no later than May 1 of the year following after settlement year performs money value of means separately concerning means of payable reserve and concerning means of pension accruals of insured persons which establishes due retirement benefit.

4. The money value of means of payable reserve is calculated Fund as of December 31 of the corresponding year for formula:

                            DOS on 31.12.i years = SChA - P - + S1 + S 2,

DOS on 31.12.i years - money value of means of payable reserve as of December 31 of the corresponding year;

SChA - net assets value, being in trust management of the state-owned managing company of means of payable reserve according to the trust management agreement of means of payable reserve, calculated by the specified state-owned managing company according to the subitem 7 of Item 1 of article 12 of the Federal law "About Investment of Means for Financing of Funded Pension in the Russian Federation" (further - the Law), approved by specialized depositary and provided to Fund;

Р - the size of the money necessary for implementation of contributions from investment portfolio to reserve of Fund for mandatory pension insurance according to the Law;

- the size of the money necessary for payment of the guarantee fees by Fund from investment portfolio according to the Federal Law "About Guaranteeing the Rights of Insured Persons in System of Mandatory Pension Insurance of the Russian Federation during the Forming and Investment of Means of Pension Accruals, Establishment and Implementation of Payments at the expense of Means of Pension Accruals";

S1 - the amounts of the means of the pension accruals created for benefit of the insured persons proceeding from whom the Fund establishes by it funded pension who arrived in Fund from managing companies for transfer to the state-owned managing company means of payable reserve and not transferred to it yet (according to accounting data of Fund), including the amount equal to quarter payment to the funded pension established to insured persons which is not subject to transfer to trust management of the state-owned managing company of means of payable reserve according to part 3 of article 9 of the Federal law "About Procedure for Financing of Payments at the expense of Means of Pension Accruals";

S2 - the amounts of the means of payable reserve which arrived in Fund from the state-owned managing company funds of payable reserve for payment of funded pension, but are not paid to insured persons yet (according to accounting data of Fund).

5. The money value of means of pension accruals of insured persons which establishes due retirement benefit is calculated Fund as of December 31 of the corresponding year for formula:

                         DOS1 on 31.12.i years = SChA1 - P - + S3 + S 4,

where:

DOS1 on 31.12.i years - money value of means of pension accruals of insured persons which establishes due retirement benefit, as of December 31 of the corresponding year;

SChA1 - net assets value, the pension accruals of insured persons which are in trust management of the state-owned managing company of means of payable reserve according to the trust management agreement of means which establishes due retirement benefit, according to the subitem 7 of Item 1 of article 12 of the Law, approved by specialized depositary and provided to Fund;

Р - the size of the money necessary for implementation of contributions from investment portfolio to reserve of Fund for mandatory pension insurance according to the Law;

- the size of the money necessary for payment of the guarantee fees by Fund from investment portfolio according to the Federal Law "About Guaranteeing the Rights of Insured Persons in System of Mandatory Pension Insurance of the Russian Federation during the Forming and Investment of Means of Pension Accruals, Establishment and Implementation of Payments at the expense of Means of Pension Accruals";

S3 - the amounts of the means of the pension accruals created for benefit of the insured persons proceeding from whom the Fund establishes by it due retirement benefit who arrived in Fund from managing companies for transfer to the state-owned managing company means of payable reserve and not transferred to it yet (according to accounting data of Fund), including the amount equal to quarter payment of the due retirement benefit established to insured persons which is not subject to transfer to trust management of the state-owned managing company of means of payable reserve according to part 3 of article 9 of the Federal law "About Procedure for Financing of Payments at the expense of Means of Pension Accruals";

Warning!!!

This is not a full text of document! Document shown in Demo mode!

If you have active License, please Login, or get License for Full Access.

With Full access you can get: full text of document, original text of document in Russian, attachments (if exist) and see History and Statistics of your work.

Get License for Full Access Now

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

Effectively work with search system

Database include more 50000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SojuzPravoInform LLC. UI/UX design by Intelliants.