Mandatory pension insurance is a guarantee of old age

Mandatory pension insurance covers all categories of citizens living in Russia. Every working person in the Russian Federation has an individual personal account, where the employer is obliged to transfer insurance premiums, which in the future will form the basis of a labor pension. In addition to the insurance part, there is also a accumulative part of the pension, the management of which is transferred to the State Management Company, the main body of which is Vnesheconombank. The Pension Fund transfers funds exactly there, if the citizen has not chosen for himself another, non-governmental, Management Company.

The system of pension insurance in the Russian Federation exists in two forms: it is mandatory pension insurance and additional. The first type of insurance is provided by the state and consists of a variety of legal measures that guarantee compensation to the insured in the event of loss of earnings, when the insurance moment comes, that is, the time comes for retirement, or for one reason or another, a person is awarded a disability group, or there is a loss of a breadwinner .

Mandatory pension insurance is a multilateral process in which 3 parties participate equally. It is carried out by insurers who act in the person of the Pension Fund of the Russian Federation, as well as non-state pension funds. It is also attended by policyholders who pay monetary rewards. These include firms and enterprises, as well as individual entrepreneurs and other persons, the list of which is determined by existing legislation. And, finally, compulsory pension insurance is impossible without the insured persons themselves, that is, citizens of the Russian Federation.

Pension reform in Russia continues. Its essence lies in the fact that every working person, born not earlier than 1968, already today can save himself money for old age. And it happens quite easily and unnoticed, because only 6% of the earnings are held in the funded part of the pension . Still, pension insurance remains one of the hot topics discussed in the society. This is due to the fact that the pension insurance system in the Russian Federation allows a person, when expressing a desire to increase the amount of money transferred into the funded part of the pension. This makes it possible to get a rather impressive amount of rent in the future. It turns out that it is pension deposits that are a reliable way to save money. Moreover, this money can not be withdrawn in any way, even if the owner's account is closed for some reason.

Insurance of pension savings is a special article in the financial activities of banks. Insurance covers a wide range of cases provided by law. For example, they include possible interruptions with investments in connection with the loss of work or the onset of temporary disability. In this case, the insurance company takes the reins in its own hands and pays the contribution. Thus, there are no breaks in the process of forming deposits. The same situation applies to bank failures. Deposits are compulsorily returned in the specified period, even if the financial company is ruined.

All the above-mentioned points are designed to solve the problem of decent pension provision for citizens. Everybody knows how ridiculous the sums that some pensioners receive are ridiculous. Today's generation has the hope that the pension reform will allow them to lead a decent lifestyle in old age.