ORDER OF THE GOVERNMENT OF THE RUSSIAN FEDERATION

of February 13, 2015 No. 122

About modification of Rules of determination of the minimum size of reserve of the Pension Fund of the Russian Federation on mandatory pension insurance

The government of the Russian Federation decides:

Approve the enclosed changes which are made to the Rules of determination of the minimum size of reserve of the Pension Fund of the Russian Federation on mandatory pension insurance approved by the order of the Government of the Russian Federation of July 25, 2014 No. 706 "About approval of Rules of determination of the minimum size of reserve of the Pension Fund of the Russian Federation on mandatory pension insurance" (The Russian Federation Code, 2014, No. 31, the Art. 4422).

Approved by the Order of the Government of the Russian Federation of February 13, 2015 No. 122

Changes which are made to Rules of determination of the minimum size of reserve of the Pension Fund of the Russian Federation on mandatory pension insurance

State Item 3 in the following edition:

"3. The minimum size of reserve of Fund as of December 31 of accounting year is (inclusive) determined by Fund annually, no later than April 1 of the current year, by formula:

MRR on 31.12.i years = SSChA on 31.12.i years x 0,005,

where:

MRR on 31.12.i years - the minimum size of reserve of Fund as of December 31 of accounting year (inclusive);

SSChA on 31.12.i years - average cost of the net assets which are in trust management according to all trust management agreements of means of pension accruals, means of payable reserve and means of pension accruals of insured persons which establishes due retirement benefit, for accounting year;

0,005 - coefficient for determination of the minimum size of reserve of Fund.".

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