Competent exit from the NPF to the Pension Fund. How to arrange an early transfer from a non-state pension fund to the Pension Fund of Russia

Who manages the money of Pension Fund clients?

An application for urgent or early transfer of funds must be submitted before December 1. If you want to be guaranteed to keep all the income earned for you by the insurer, apply for an urgent transfer. In this case, the money will be transferred to the new insurer after five years.

If you write an application for an “early” transfer, everything will go faster: the fund change will take place before March 31 of the next year. However, the client himself does not have much joy from such speed: he will lose investment income from placing funds for his future pension.

The insurer, that is, the organization responsible for the safety of your money, can be either the Pension Fund or one of the non-state pension funds (NPF). In this case, the management company with which the insurer enters into a corresponding agreement will invest the funds. The fundamental difference between a Pension Fund and a Non-State Pension Fund is that if you choose a Non-State Pension Fund, you can no longer influence the choice of a specific company that will manage your savings. The NPF itself will select such a management company.

If you designate the Pension Fund as the insurer, you will be able to indicate in the corresponding application both the name of the management company of your choice and its investment portfolio. The fact is that many management companies offer their clients several investment strategies that differ in the degree of risk. In particular, if you want your savings to be managed by the state management company (GMC) VEB.RF (it is this corporation that invests the savings of “silent people”), you can choose one of two portfolios:

Extended portfolio . Funds can be invested in Russian government securities and corporate bonds, mortgage-backed securities, bonds of international organizations and deposits.
Portfolio of government securities of the State Management Company VEB.RF. Funds are invested only in government securities and government guaranteed bonds.

This is the profitability accrued to the accounts of Pension Fund clients for the investment portfolios of the State Management Company VEB.RF in recent years:

Index	2016	2017	2018	2019
Profitability on the expanded portfolio of State Management Company VEB.RF	10,74%	8,78%	6,14%	8,63%
Yield on the portfolio of government securities of the State Management Company VEB.RF	11,69%	11,20%	8,74%	12,08%
Inflation in Russia	5,40%	2,50%	4,30%	3,00%

Refusal from non-state pension funds in favor of the state fund

Every citizen has the right not only to choose a fund to form his savings, but also to subsequently change his decision. For example, it is possible to transfer to the Pension Fund of the Russian Federation from a non-state pension fund, but there are some peculiarities:

The law allows the transfer of funds no more than once a year;
Without losing investment income, you can transfer money no more than once in 5 years;
The management company or investment portfolio can be changed every year, while the income from investments is maintained.

Accordingly, before leaving the NPF and moving to the Pension Fund, you need to weigh all the pros and cons. Otherwise, you will subsequently have to transfer money again, losing investment profits.

Important! Accumulations can only be located in one structure. It is impossible to move part of the money to the Volga Federal District and leave the rest in the Non-State Pension Fund.

To transfer to a state fund, you must select a management company and one of its investment portfolios. This must be a management company with which the Pension Fund cooperates. The list of such companies is published on the organization’s website.

Is it worth transferring the funded part of your pension to a non-state pension fund?

Since the choice of the insurer falls on the working citizen, he is responsible for the choice made and the possible consequences associated with such a choice.

It is impossible to answer the question unequivocally, since NPFs have both pros and cons. In particular, the arguments “for” transferring savings to non-state pension funds are:

increased “flexibility” in managing income through the Pension Fund of Russia, since NPFs have many investment options, while at the Pension Fund all investments go through Vnesheconombank;
as a consequence of the previous one, increased income, which will increase the size of the future pension;
if the income of the NPF is below the inflation rate, the policyholder will receive compensation for losses from the reserve fund;
NPFs respond faster than the Pension Fund to changes in the financial market, which entails constant adjustments to investment plans to increase profitability.

However, there are also arguments against:

if the insurer changes more than once every 5 years, investment income may be lost, and in the case of a negative investment result, pension savings are even reduced by the amount of the investment loss;
A non-state pension fund may have its license revoked, which will entail the automatic transfer of the insured person to the Pension Fund.

Is it possible to transfer from a non-state pension fund back to the Pension Fund?

A citizen can choose any management company to which he transfers his money. Such organizations are public and private. In the latter case, it is important to conclude a trust agreement with the Pension Fund. Investing savings and contributions from the employer are the main sources of income for such situations.

Are transitions limited?

No, you can change your pension fund as many times as you want throughout your life. Just keep in mind that such changes are possible only once a year; no one will allow you to transfer from fund to fund every month. The fact is that any financial organization puts your funds into circulation. If you unexpectedly decide to take them away, this will create money for the company, so it insures itself in every possible way against such situations.

Most often, the agreement that you enter into with a non-state pension fund contains a clause on early termination of the agreement. Including transfer to another fund. In this case, I can only return your funds to you, without accruing income. The settlement period for the funds is five years. That is, this is a mandatory period for which your savings must be in the PF accounts, otherwise the organization will simply apply its own sanctions to you and deprive you of the income that was accrued on your investments. This is a kind of deposit: you give money and do not have the right to withdraw it in advance, which is why the bank pays you interest for using your funds.

Where to go to apply for a funded pension

When you decide to decide on your retirement savings, you can consider the following options:

Pension Fund and will need to choose a management company. It can act on behalf of the state or be private.
You can also contact the NPF.

When your savings are with the management company, then the payment of the funded pension will take place through the Pension Fund, but if you contact a non-state pension fund, then it will handle this.

Savings are formed through mandatory insurance contributions, which each employer is obliged to transfer for each of its employees, from voluntary contributions, or by investing these funds. Speaking of insurance premiums, the employer transfers them in the amount of 22% of the salary the employee receives. This mandatory condition must be met by all law-abiding employers in our country.

How to transfer savings from NPF to Pension Fund: instructions

Every citizen has the right to transfer money. But you are only allowed to exercise this right once every 12 months.

To exit the NPF you will need to take several actions:

Determining the management company where the money will be transferred. After this, they are determined with a specific investment portfolio. The official website contains a detailed list of organizations with which agreements have been concluded.
All that remains is to submit an application where the citizen describes his intention in detail.

The process of transferring savings to the Pension Fund

According to the current legislation of the Russian Federation, accumulated funds can be transferred from NPFs to Pension Funds and vice versa once a year. But it is worth saying that in the case when the insurer is changed more often than once every 5 years, there may be a loss of investment income received by the previous insurer. To avoid annual loss, it is necessary to change the Criminal Code.

Exiting a non-state pension fund and transferring existing savings to the Pension Fund has some features:

First of all, you need to determine for yourself the management company to which you will entrust the management of your investments. The Pension Fund enters into agreements for full management. You can view the list of management companies through the official website;
The important point is the statement about the transition between funds.

Step 1. Fill out an application for transfer (early transfer) from the NPF to the Pension Fund of Russia

First of all, you need to decide which application to fill out. The choice depends on whether the transition to the Pension Fund is early (paragraphs 46 - 47 of Article 3 of Law No. 75-FZ):

application for transfer (in this case, the transfer is carried out in the year following the year in which the five-year period expires, calculated starting from the year of filing such an application, unless another application is submitted after its filing);
application for early transfer (in this case, the transfer is carried out in the year following the year of filing such an application, unless another application is submitted after its submission).

The application for transfer (early transfer) to the Pension Fund must indicate (clause 1 of Article 36.8 of Law No. 75-FZ):

1) one of the investment portfolios:

investment portfolio of the management company;
expanded investment portfolio of the state management company;
investment portfolio of government securities of a state management company.

Note. The list of management companies that have entered into trust management agreements with the Pension Fund for pension savings is posted on the official website of the Pension Fund (path: Home - Citizens - Future pensioners - About pension savings - List of non-state pension funds and management companies) and is available in the district offices of the Pension Fund. The state management company (GMC) is Vnesheconombank (Resolution of the Government of the Russian Federation of January 22, 2003 N 34);

2) one of the pension options (provided that you are an insured person born in 1967 or younger) (clause 1.1 of Article 31 of Law No. 111-FZ):

allocate 6% of the individual part of the insurance premium tariff to finance the funded pension;
refuse to finance the funded pension and direct 6% of the individual part of the insurance premium tariff to finance the insurance pension.

If you choose the second option, you must submit an application to refuse to finance the funded pension and to allocate the specified percentage of the individual part of the insurance premium rate to finance the insurance pension. At the same time, it is necessary to take into account that until 2021 there is a moratorium on the formation of a funded pension, in connection with which the amounts of insurance contributions for compulsory pension insurance are fully directed to financing the insurance pension (paragraph 2, clause 1.1, article 31 of Law No. 111-FZ ; clause 4, article 33.3 of the Law of December 15, 2001 N 167-FZ; article 6.1 of the Law of December 4, 2013 N 351-FZ).

Step 2. Submit an application for transfer (early transfer) from the NPF to the Pension Fund of Russia

No later than December 31 of the current year, the completed application must be submitted to the territorial body of the PFR (district office of the PFR) or through the multifunctional center in one of the following ways (clause 3 of article 36.8 of Law N 75-FZ; clause 5, 5.1 of the Procedure, approved Resolution of the Board of the Pension Fund of November 11, 2016 N 991p):

personally. You must have a passport and insurance certificate of compulsory pension insurance with you;
in another way - by mail or courier. In this case, the identity of the insured is established, and the authenticity of his signature is verified, in particular, by an employee of the MFC or the body (organization) with which the Pension Fund has entered into an agreement on mutual certification of signatures, or by a notary. The application can also be submitted in the form of an electronic document signed with an electronic signature.

In addition, an application for transfer (early transfer) to the Pension Fund can be submitted to the NPF in which you entered into an agreement on compulsory pension insurance, if this NPF has an agreement with the Pension Fund on mutual certification of signatures.

Note. A list of points for accepting applications, as well as a list of organizations that have entered into agreements on mutual certification of signatures, is available in the district offices of the Pension Fund of Russia.

If, after submitting an application to transfer to the Pension Fund of Russia, you changed your choice (decided to leave pension savings in the NPF or chose another investment portfolio (IP)), you can send a notification to the territorial body of the Pension Fund about replacing the selected insurer or investment portfolio (CP), incl. h. in the form of an electronic document. The deadline for submitting such a notification is no later than December 31 of the year preceding the year in which your application for transfer to the Pension Fund should be satisfied (Article 36.8-1 of Law No. 75-FZ; clause 3 of the Instruction approved by the Resolution of the Pension Fund Board dated 09.09.2016 N 850p).

Step 3. Wait for the Pension Fund to review the application and make a decision

The Pension Fund must consider the application before March 1 of the year following the year in which the five-year period, calculated from the year of filing the application for transfer, expires, or before March 1 of the year following the year in which the application for early transfer was submitted. Based on the results of the review, the Pension Fund makes a decision to satisfy the application for transfer (early transfer) to the Pension Fund or to refuse it (clauses 1, 3, article 36.10 of Law No. 75-FZ; clauses 6, 7 of the Procedure).

The Pension Fund of the Russian Federation does not consider applications submitted after December 31 of the current year (clause 4 of Article 36.8 of Law No. 75-FZ).

Note. If before December 31 of the current year a citizen submitted more than one application, the Pension Fund of the Russian Federation makes a decision on the application with a later date of receipt by the Pension Fund of the Russian Federation (clause 2 of Article 36.10 of Law No. 75-FZ).

Upon satisfaction of the application of the Pension Fund of Russia (clause 1, 5 of Article 36.10 of Law No. 75-FZ):

1) makes changes to the unified register of insured persons before March 1 of the year following the year in which the five-year period expires, calculated starting from the year of filing the application for transfer or before March 1 of the year following the year of filing the application (in the case early transfer);

2) sends you a notification and also notifies the NPF about changes to the unified register of insured persons no later than March 31 of the year following the year in which the five-year period expires, calculated starting from the year of filing the application for transfer or no later than March 31 of the year following after the year of application (in case of early transfer).

After making changes to the unified register of insured persons, the contract on compulsory pension insurance with the NPF is terminated, and in connection with this, the NPF is obliged to transfer the funds of your pension savings to the Pension Fund no later than March 31 of the year following the year you submitted the application (paragraph 3, paragraph 2 , clause 4 of article 36.5, clause 4 of article 36.6, clauses 2, 4 of article 36.12 of Law No. 75-FZ).

If you have access to your personal account on the PFR website, as well as a qualified electronic signature, you can submit an electronic application for a transfer from the PFR to a NPF, a return from a NPF back to the PFR, or a transfer from one NPF to another NPF. In addition, you can remotely change the management company or the investment portfolio of the management company. Also, regardless of where pension savings are formed (PFR or NPF), it is possible to submit an electronic application to terminate their further formation in favor of an insurance pension. To enter your personal account on the PFR website, you must be registered on the Government Services Portal; additional registration on the PFR website is not required (PFR Information dated 08/29/2016).

In case of refusal, changes are not made to the unified register of insured persons and the contract on compulsory pension insurance concluded by you with the NPF is not terminated. The Pension Fund of the Russian Federation sends you a notice and also notifies the NPF about the refusal to make changes to the unified register of insured persons, indicating the reasons for the refusal no later than March 31 of the year following the year in which the five-year period expires, calculated starting from the year the application for transfer was submitted or no later March 31 of the year following the year of filing the application (in case of early transfer) (Clause 5, Article 36.10 of Law No. 75-FZ).

Reference. Cases of refusal to satisfy an application for transfer (early transfer) from a non-state pension fund to the Pension Fund of the Russian Federation

The Pension Fund of the Russian Federation refuses to satisfy an application for transfer (early transfer) to the Pension Fund of the Russian Federation in the following cases (clause 3 of Article 36.10 of Law No. 75-FZ):

- the application was completed in violation of the established form;

- the application was submitted in violation of the filing procedure;

- at the time of consideration of the application, the citizen submitted an application for the establishment of a funded pension, an urgent pension payment, a lump sum payment of pension savings, which is considered in the prescribed manner, or the citizen was established a funded pension, an urgent pension payment, a lump sum payment of pension savings;

— the application does not indicate the choice of investment portfolio (management company);

- the application indicates the management company that, at the time of filing such an application, announced the suspension (termination) of accepting pension savings funds formed in relation to new insured persons into trust management;

— the application indicates the management company, the trust management agreement for pension savings funds with which was terminated (terminated) by the time such an application was considered by the Pension Fund.

How quickly is money returned to the Russian Pension Fund account?

The conclusion of the OPS agreement occurs within a year after writing the application at the company’s office. The procedure for transferring from a NPF to a Pension Fund also takes at least 1 year. Such a long period is due to the fact that after creating an application, the client’s funds are transferred first from the employer to the Pension Fund account, and then to his individual account in a non-state fund. This takes time, as does data processing in the Pension Fund and non-state company.

It does not matter when the insurance contract for the funded part of the pension was concluded. The client will receive a notification about a change of insurer only after the first quarter of the billing period following the date of registration of the contract.

This means that the final transition from the NPF to the Pension Fund will only be achieved in the spring of next year, even if the application was signed at the end of December. It is impossible to change the terms of the contract.

Documents required to provide the service

To transfer your pension savings, you need the following documents:

Identity card (passport).
SNILS.
Application for transfer.

Since you need to confirm your account, your passport and SNILS data will already be entered into your personal account on State Services.

How to transfer the funded part of a pension to a non-state pension fund

There are several ways to contact a non-state pension fund to transfer your pension savings to this organization:

Apply in person. This allows you to obtain comprehensive information about the work of the fund.
Electronic appeal through the State Services website.
Postal service services where you need to contact to send a registered letter with the necessary documentation to the Pension Fund.
With the help of an authorized person who will perform this procedure on the basis of a power of attorney, which is notarized.

The operation of transferring the savings part is free of charge . Within one day, a citizen:

Contacts NPF.
Writes an application with a request to transfer pension savings from the Pension Fund to the Non-State Pension Fund.
Goes through the procedure of registering the fact of acceptance of his application.
Receives a receipt for the application (if required).

Despite the simplicity of this procedure, there is an important nuance: it can be used no more than once a year, and it is important to take into account the fact that you need to apply before December 31 . If this is done at the beginning of the year, then the funds will be transferred to the NPF only a year later, therefore, the waiting period will increase significantly.

Where is it better to transfer (NPF rating)?

There is no unified system for assessing the reliability of non-state pension funds in Russia. There are several rating agencies that conduct independent expert assessments of the work of non-state pension funds, analyzing their work over past periods. According to the Expert RA agency, the list of the best NPFs for 2019 includes more than 20 funds. The highest A++ rating was received by :

GAZFOND;
Neftegarant;
Diamond Autumn;
NPF Sberbank;
NPF NEFTEGARANT;
National Non-State Pension Fund;
KITFinance NPF;
NPF RGS;
Surgutneftegaz;
VTB PF, etc.

the level of profitability of the fund is also important , because it is this factor that affects the amount of future pension payments. According to the results of the reports, the leading positions in the profitability ranking are occupied by:

JSC NPF "Defense-Industrial Fund named after. V.V. Livanova";
CJSC NPF "Promagrofond";
JSC NPF "Diamond Autumn";
JSC NPF "First Industrial Alliance";
JSC NPF "UMMC-Perspective";
JSC NPF "Telecom-Soyuz";
JSC NPF "Socium";
JSC NPF "Surgutneftegas";
CJSC "KITFinance non-state pension fund";
CJSC NPF "Heritage"

Translation procedure and required documents

First, a citizen needs to decide on the choice of a new fund. In order for the chosen organization to be reliable in all respects, it is worth carefully studying all the information about it . First of all, look at the following criteria :

founders;
fund age;
reliability and profitability ratings.

It is also worth clarifying whether the selected NPF has entered into an agreement with the Pension Fund on mutual certification of signatures. If concluded, then upon a personal visit to the representative office of the selected NPF with a passport and SNILS, the person can sign an agreement on OPS.

The OPS agreement is the determining factor in the relationship between the NPF and the insured person. Before signing the relevant documentation, you must carefully read all the clauses of the agreement, as well as study the rules of the selected NPF.

Submitting an application for transfer: deadlines, methods

The deadline for submitting documents is December 31 of the current year . The transaction is usually completed from the beginning of the year after the application submission period.

Through State Services

To transfer funds from a non-state pension fund to the Pension Fund, you can use the unified state portal.

To do this, you will need to observe two important points:

Have a verified account.
Availability of a qualified electronic signature.

Procedure:

Log in to State Services. To do this, you need to specify the login and password for the user’s Personal Account.
Find the “Services” section, then select the “Authorities” tab.
Click on “Pension Fund”.
Select a service that is responsible for receiving and processing applications from insured persons.
Click on the required section: “Transition from NPF to Pension Fund”.
Acquainted with .
At this stage, the user will be notified that without a qualified electronic signature, the application will not be considered. Click "Continue".
Fill out the form (full name of the insured person, gender, etc.).
Select the non-state pension fund of which you are currently a client.
Select the organization whose client you will be after transferring your savings to the Pension Fund.
Please indicate the retirement savings option that appeals to you.
Select the Pension Fund department that will review your application. To do this, you need to indicate your location.
Click on “Proceed to sign the form.”
Install the signed media on your PC if you have not already done so. The portal has detailed instructions.
Your application will open in “pdf” and “xml” format.
Carefully check the data you provided, and if no errors are found, then click “Sign”.

An application submitted through State Services will be reviewed within 1 day.

Personal visit to the MFC

If you are making a transition from an NPF to a PFI through the Multifunctional Center, then the procedure will be as follows:

Wait your turn and go to the window.
Hand over the collected documentation (SNILS and passport) to the employee.
Fill out the application according to the established form.

This service is available to all categories of citizens, even foreigners. This is regulated by the current legislation of the Russian Federation.

When contacting the MFC, you can receive a refusal only in one case - an incomplete package of papers was provided.

Sending a transfer application by mail

If you send your application by mail, please attach notarized photocopies of your passport and SNILS. It is best to send a certified letter with notification to know whether the submitted papers have been reviewed.

What other papers may be needed?

Apart from a passport and SNILS along with an application, no additional requirements are usually presented to citizens. Changing your opinion regarding the insurer to whom the money is entrusted is a right retained until December 31 of the current year. The rule applies to investment portfolios and management companies. When a decision is made, a new application is sent to the notification. The information most recently received from citizens is subject to consideration.

If the requirement is satisfied, all changes are made to the appropriate register before the end of the required period of time. The Pension Fund together with the insured person receives the message.
The citizen is also informed if the final decision is negative. The agreement with the NPF remains valid, the register is not subject to any adjustments.

What are the responsibilities of the NFP in transferring funds to the Pension Fund?

When a decision is made to approve a citizen’s application, the agreement between him and the NPF automatically terminates, and the latter is obliged to transfer the savings to the Pension Fund account. According to current legislation, each NPF is obliged to transfer funds of an insured citizen to the Pension Fund of the Russian Federation in the following situations:

The NPF may not have a valid license.
Death of an insured citizen.
If a notification has been received from the Pension Fund of the Russian Federation about the refusal of the insured citizen to accumulate maternity capital.
In a situation where the OPS agreement was terminated as a result of a court decision on its invalidity.
If the court declares the NPF fund bankrupt.
When the NPF was put up for receivership.

These are force majeure situations that you need to know in order to be able to protect yourself in an unforeseen situation.

If the contract with a non-state fund and a citizen who is insured is terminated, the fund is obliged to send him a notification and give him an extract from the individual personal account, the funds from which will then be transferred to the pension fund of the Russian Federation. This department also notifies the person that funds have been received into his account.

On early receipt of the funded part of the pension

A non-state pension fund (NPF) is obliged to transfer all a person’s pension savings to the Pension Fund of the Russian Federation. Their size is determined in accordance with Article 36.6-1 of the Law of May 7, 1998 No. 75-FZ. As a rule, these are all the funds that the NPF took into account in the person’s funded pension account. The law does not provide for the transfer of only part of pension savings. This procedure follows from paragraph 2 of Article 36.6 and paragraph 4 of Article 36.12 of the Law of May 7, 1998 No. 75-FZ. In subsequent years, savings transferred to the Pension Fund of the Russian Federation can be: – transferred to another management company; – invest in another investment portfolio without changing the management company; – transfer to a non-state pension fund.

Obligation of the NPF to transfer savings The NPF is obliged to transfer pension savings back to the Pension Fund of the Russian Federation if: the NPF has lost its license; the person who allocated funds (part of the funds) of maternal (family) capital to form a funded pension died; the person refused to direct funds (part of the funds) of maternity capital to form a funded pension; the contract on compulsory pension insurance is terminated due to the court recognizing it as concluded by improper parties; The arbitration court declared the NPF bankrupt and decided to open bankruptcy proceedings. This is stated in paragraph 1 of Article 36.6 of the Law of May 7, 1998 No. 75-FZ. If the NPF license is revoked The reasons why the Bank of Russia has the right to cancel the NPF license are listed in paragraphs 1, 2 and 11 of Article 7.2 of the Law of May 7, 1998 No. 75-FZ. If the license has been cancelled, then the NPF is obliged to: – notify the person of the termination of the compulsory pension insurance agreement within a month from the date of receipt of the decision to cancel the license; – send (hand over) to the person a statement about the status of his pension account and the amount of pension savings to be transferred to the Pension Fund of the Russian Federation; – transfer a person’s pension savings to the Pension Fund of the Russian Federation within three months from the date of the decision to revoke the license. Within a month from the date of receipt of funds from the NPF, the Pension Fund of the Russian Federation will notify the person about the amount of insurance funds received into his account from the previous insurer. This procedure is established by paragraph 2 of paragraph 13 of Article 7.2 and subparagraph 12 of Article 36.2 of the Law of May 7, 1998 No. 75-FZ. Transfer of funds of maternity capital A non-state pension fund is obliged to transfer pension savings consisting of funds (part of the funds) of maternity capital to the Pension Fund of the Russian Federation within 30 days from the date of: - receipt of a notification from the Pension Fund of the Russian Federation about the transfer of funds in connection with a person’s refusal to send funds ( part of the funds) of maternity capital for the formation of a funded pension; – receipt by the fund of information about the death of the insured person. In this case, not only pension savings are transferred, but also the income from their investment. This procedure is provided for in paragraphs 5.1 and 5.2 of Article 36.6 of the Law of May 7, 1998 No. 75-FZ. Termination of a contract on compulsory pension insurance Within a month from the date of receipt of the document that is the basis for the transfer of pension savings, the NPF is obliged to send a person (his legal successor) a notice of termination of the contract on compulsory pension insurance (clause 6 of the Rules approved by the Decree of the Government of the Russian Federation of February 6 2004 No. 55). A contract on compulsory pension insurance is terminated if the court decides that it was concluded by improper parties. In such a situation, the NPF is obliged to transfer pension savings to the previous insurer - to the Pension Fund of the Russian Federation or another NPF. This must be done within 30 days from the date of receipt of the court decision. This is stated in paragraph 7 of paragraph 1, paragraph 5.3 of Article 36.6 and paragraph 7 of paragraph 2 of Article 36.5 of the Law of May 7, 1998 No. 75-FZ.

Illegal transfers to non-state pension funds: what is it, actions of investors

The Pension Fund has no problems with returning citizens' funds to the company's account. On the contrary, the Pension Fund of the Russian Federation is extremely interested in citizens again transferring funds to the insurance part, from which contributions are paid to current pensioners and beneficiaries.

But there are cases of illegal transfer to non-state pension funds: how does the Pension Fund allow this? Clients who received a notification that their funded portion of their pension is in the account of a non-state pension fund without their knowledge are very surprised by this. But client funds cannot be transferred to the fund’s account without the knowledge of depositors.

Unfortunately, forced transfer of clients to non-state pension organizations still occurs among some employers. They force workers to write applications to NPFs about supposedly voluntary transfers of funds, or they quietly slip papers for signature at the time of employment.

Another option for coercion is illegal verification of SNILS data. Under the guise of Pension Fund employees, NPF employees go door to door and offer to check SNILS or take part in a “survey.” Under any pretext, having received the client’s passport and SNILS number, they take photos, which they then use to conclude a compulsory pension insurance agreement.

Trusting clients do not always remember these cases when they receive a notification from a non-state company. In order to quickly return the funds back, they must make a transition from the NPF to the Pension Fund.

The procedure for transferring from one NPF to another

When transferring pension savings to a non-state pension fund (hereinafter referred to as NPF), it is important to know and understand the procedure for transferring virtual money, since part of the investment income may disappear forever. Therefore, our material is devoted to the process of safe transition from one NPF to another without financial losses.

Step. Review of the application. Based on the results of the review, the NPF inspector makes one of the following decisions:
Refusal to transfer to another fund. In case of a negative decision, the changes are not made to the register of the insured person, and the agreement with the existing NPF does not cease to be valid. The citizen is sent a notice of refusal indicating the reason.

More to read: Benefits for labor veterans in the Tyumen region in 2020

Can they refuse to transfer?

The pension may not be transferred if at least one of the following circumstances occurs:

The contract between the Pension Fund and the management company was terminated.
The organization has suspended accepting savings.
The citizen did not choose a management company and investment portfolio.
Errors were found in the submitted application.

If a citizen considers the refusal to be unfounded or unlawful, then he can draw up a complaint and submit it to a higher authority. All necessary documents must be attached to the application, including a notice of refusal.

When the complaint is sent to a higher office of the Pension Fund, you must wait 30 calendar days. Only after this period has passed will the decision made be announced.

What to do if you receive a refusal?

Sometimes, when considering an application, clients are refused to transfer funds to a state-owned company. This is very rare and is most often associated with a technical glitch on the Pension Fund website. But if the reason is not related to technical problems, then it is recommended to re-write an application for the transfer of funds from the NPF to the Pension Fund.

Fund employees will not refuse to resubmit your application. It is also recommended to take all the necessary documents with you, even if copies of the certificates are left with a government agency employee.

Sometimes problems are related to changes in client data. If the first or last name has changed during the transfer of funds, then the information coming from the NPF may be regarded by the system as erroneous. For this reason, the client may be refused the return of the funded part of the pension.

If such a problem arises, you should contact a fund employee and provide current data to replace the information. It is possible that you will have to re-apply for a refund from the NPF. In this case, the investor should have both old and new data with him for correct identification and correction of the contract.

Urgent and early transfer to a non-state pension fund

“Probably, citizens do not yet fully understand the risks. Fund agents do not always sufficiently inform them about the loss of part of their income. In addition, since the new transition system began working on January 1, 2021, if investment income is lost, it will be only in one year,” says Anton Shpilev, CEO of KIT Finance Pension Administrator. “However, the decision of citizens to transfer savings ahead of schedule may be quite logical - if the client believes that the fund he has chosen is more reliable and profitable, then over the next years he will clearly win back his losses,”

Of course, an urgent transfer may be more preferable for citizens and less preferable for funds that are interested in the speedy transfer of funds. Early transition is carried out according to the old algorithm, when savings are transferred after summing up the results of the campaign (in the spring of the new year). But in this case, as mentioned above, savings will be transferred without investment income for the period from the date of the last calculation of the guaranteed amount of pension savings.

Accumulations of the deceased: features of payments

If the account holder dies, his next of kin can apply to receive the remaining funds. You must visit the Pension Fund branch at your place of registration. The documentation package for applying in this case consists of the following items:

Information about the bank details of the legal successor.
SNILS.
Death certificate of a relative who participated in the insurance.
A document confirming the degree of relationship between the participants in the procedure.
Identification.

Important! If successors miss the deadlines established by law, they must go to court. The important thing here is to prove that there was a good reason for this. The final decision of the institution is transferred to the pension fund.

The fund's staff will help you draw up an application so that there are no mistakes. The decision must be made on the seventh month following the death of the citizen. Payments are made for the 8th month, if after submitting the documents the decision is positive.

Only in a few cases can private and public companies refuse to be considered. Then the money remains as a reserve with the Pension Fund.

Customer reviews on transferring the funded part of the pension to the Pension Fund

Citizens who decide to return their savings to a state company do not always respond well to the work of the Pension Fund. One of the reasons for negative statements is that funds arrive with a delay.

The information that they should be returned to the personal account does not come after the 1st quarter of the reporting period, but 1.5-2 years after the application was written.

Other clients are unhappy that their application took so long to be verified. After 30 days, they did not receive an answer as to whether the funds would be credited back to the Pension Fund account. At the same time, they saw their savings in their personal account on the NPF website. Pension Fund employees are not always competent in the issue of refunds and loss of interest. There are many reviews online in which clients complain that they were not told about losses when returning money earlier than 5 years after the conclusion of the contract. As a result, they lost all their savings, although there was just under a year left until the end of the term.

How to transfer savings from a non-state pension fund to the Pension Fund - reverse transfer of a funded pension