The number of the participants in the State Pension Co-funding Program exceeded 7 million people

The number of the participants in the State Pension Co-funding Program has exceeded 7 million people. During the course of the Program they have made contributions to the accumulated part their future pensions for the total amount of 10.6 billion rubles. Of these, 4 billion rubles transferred in 2011, in 2010 – 3.4 billion rubles, in 2009 – 2.5 billion rubles.

However, PFR reminds all the participants of the Program that to get funds of the state co-funding, it is necessary to make a contribution between 2,000 and 12,000 rubles for the accumulated part of the pension till the end of the year. In this case the state will double the sum of contribution – will put the same sum on the “pension” account.

Forms of payment receipts for transferring contributions within the framework of the Program with essential details of Sberbank regional brunches can be found on the PFR site. However, PFR asks to fill in payment media accurately and check the number of individual pension account in the documents and in bank record while paying. The absence of the number of individual pension account in the bank record makes placing of the Program participants’ contributions on their individual personal accounts almost impossible.

The Russian Pension Fund organizes the work of the call-center consulting people on participation in the State Pension Co-funding Program. By the phone number 8 800 505-55-55 (toll-free in Russia) anyone can get detailed information on how the Program operates, who and how can join it, who has special conditions of co-funding, etc.

You can join the State Pension Co-funding Program till 1 October 2013. It is a ten-year program starting from the first contribution. To join the Program you should either submit an application to the local Pension Fund in person or through your employer, or through your transfer-agent (these include organizations which have an appropriate agreement with the PFR: banks, Russian Post and others).

You can join the Program through the website of public services as well. This service is available for all registered users of the site – you just enter the section “Pension Fund of the Russian Federation” and fill in the form to join the Program.