The funded part of the pension: how to receive it in a lump sum

The savings account is formed solely upon the fact of transfers to the Pension Fund, having a specific monetary value.

It is important to understand how the future pension is formed. The total amount of insurance premiums is 22% of the employee’s salary.

There are also additional deductions that are mandatory , but they apply only to workers performing labor functions in hazardous industries.

If a citizen has chosen only an insurance pension as a form of his future security, then an amount of 16% of his salary is sent directly to it, and 6% is the so-called solidary tariff.

For funded pensions, the situation is similar, only 10% goes to the insurance part, and from the remaining 6% it is formed. Not everyone can take advantage of the right to form a pension of this type, but only those persons who were registered in the social pension insurance system after 2002.

These include:

• citizens born before 1967;
• participants in the pilot program of so-called pension co-financing;
• women who decided to send capital funds to insurance accounts.

The savings portion payments themselves are of three types.

Indefinite

It is assumed that this type of pension will be paid to the citizen throughout his life. Of course, it is impossible to predict in advance how long a particular citizen will live after retirement, so the payment period is calculated solely on the basis of average statistical information about life expectancy.

For example, in 2018 it was 246 months. This means that in order to clarify the amount of pension paid monthly, the total amount of savings should be divided by the number of monthly periods as a whole.

Attention! If a citizen decides to receive an indefinite pension later than the grounds for this, then its amount will be higher.

It should be noted that the amount of this type of social payment is subject to periodic adjustment, which occurs once a year in August.

Urgent

This procedure for paying a funded pension assumes that it will be paid over a certain period chosen by the pensioner himself. It is legally stipulated that the period of urgent payments cannot be less than 10 years.

Many pensioners choose this form of exercising their right to receive a funded pension. This is due to the fact that they receive much larger amounts each month than if they had opted for perpetual payments.

One-time

It is possible to receive the entire funded part of the pension at once, but this does not apply to all categories of pensioners.

What needs to be done to receive a funded pension in a lump sum

To qualify for the funded part of the pension, you must first reach the required retirement age.

In the course of the socio-economic pension reform being carried out in the Russian Federation, the years of retirement are shifting upward.

In 2019, the retirement age is 55.5 years for men and 60.5 years for women. In the future it will increase even more. The number of years of life lived is the same for both the assignment of an insurance pension and a funded pension .

When assigning a funded portion, you must decide on the form of its payment (urgent or indefinite), and if a citizen decides to receive it immediately in full, then he must check whether he meets the criteria necessary for this.

Who can receive the payment

The following categories of citizens have the right to expect to receive such a lump sum payment:

• those who have reached retirement age, but do not have the required amount of length of service and IPC;
• recipients of survivor benefits in case of insufficient length of service;
• having a funded pension amount of less than 5% of the amount of old-age payments.

You should also dwell on the issues related to the receipt of payments not by the insured himself, but by his legal successors. In the event of his death, they are already entitled to funds.

Their circle is determined in accordance with civil legislation regarding inheritance legal relations.

The right to receive money arises only if the pensioner has not previously applied for payments.

As a general rule, you should apply for an inheritance within six months after its opening (death of the testator). This fully applies to payments of the funded part of the pension.

Where to submit a request

According to the rules, a citizen can make his own decision where to send funds - to a state fund or to a non-state pension fund.

A special feature of NPFs is that the funds accumulated there are directed to various income-generating projects that provide investment profits from these savings, which means that the future pension will be much higher.

Accordingly, if the funds are in the accounts of the Pension Fund, then the application should be sent to the fund itself. This can be done by directly contacting them, or by sending the necessary documents by mail. It is also convenient to use the services of the MFC to establish a pension.

If a citizen has an agreement with a non-state pension fund, then he needs to contact the office of this organization. In this case, a personal visit is preferable.

Important! Submitting an application for the appointment of savings payments to NPFs through the MFC is currently impossible.

An application for a pension, completed correctly in the appropriate form, is considered within one calendar month, after which an appropriate decision is made on it. If it is positive, the applicant will receive the funds within two months. Thus, the waiting period for money after sending the application is three months.

List of documents

To receive a payment, the following documents and their copies should be sent to the Pension Fund or Non-State Pension Fund:

• statement;
• passport;
• SNILS;
• work book and other papers related to work activities.

Pension fund employees also have the right to request other documents if inaccuracies are identified or additional questions arise.

Receipt of savings by a working pensioner

Pensioners who continue to work after they have been assigned pension payments due to age also have the right to count on appropriate security. This also applies to its lump sum payment. There are no particular differences in the procedure for registering it for working pensioners.

The funded pension appeared not so long ago, but has already established itself as a reliable tool for additional material support for Russian pensioners, many of whom can receive it not only in installments, but also as a one-time payment.

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Even more information in the video story:

Source: https://pfrp.ru/faq/kak-poluchit-nakopitelnuyu-chast-pensii-edinovremenno.html

One-time payment of the funded part of the pension - terms of receipt, necessary documents

One of the pressing questions for people who have a funded pension in their pension fund is how to receive the entire amount at a time. This option is permitted by current payment standards. However, it is only possible under certain conditions. Let's consider in what cases you can receive pension savings in a one-time manner.

What is the funded part of a pension?

Accumulative pension provision appeared as a result of the reform of the pension system. Later, the procedure for formation, appointment and payments underwent a number of changes, and was finally established with the adoption of Federal Laws No. 351 and 424. In accordance with these legislative acts, each employer was obliged to contribute 6% of the salary of each employee to the savings fund. From these contributions, the accumulative part of the pension was formed, which workers could receive after retirement.

Each employee had the right to independently choose the fund to which contributions were sent. There were two options: either it was a state PF or one of the private funds.

The money accumulated in citizens' savings accounts was invested by the fund in various profitable projects that brought additional profit.

It was transferred in the form of interest to a savings account, increasing the amount available there.

In light of the deteriorating economic situation in the country, savings were frozen in 2015, and all employer contributions were redirected to the insurance fund. Thanks to this, the government was able to solve the problem of the shortage of financial resources to pay current pensions.

Despite the imposed moratorium, existing pension savings have not disappeared anywhere. They continue to remain in the personal accounts of citizens and generate income from their investment.

And upon reaching retirement age, the account owner has the right to receive this money.

In addition, each person can independently form their own future pension by transferring certain amounts from their income to their account.

Types of funded pension

The main difference between funded and insurance pensions is its independence from the length of service and the number of IPC points. Every person who has reached retirement age and has a personal savings account has the right to receive it. Payments can be made in several ways:

1. Indefinite.
2. Urgent.
3. One-time.

Indefinite

This type of savings payment is made throughout the life of the pensioner. In this case, it does not matter at all how long he will live after the payments are assigned. The pension will be paid to him monthly throughout this time in certain amounts, subject to regular adjustment.

The advantage of unlimited payments is that they do not stop even if the money in the savings account runs out.

Urgent

Such payments are made over a certain period of time. The time period is set by the pension recipient himself, but it cannot be less than ten years. The calculation of the amount of payments here is made by dividing the accumulated amount by the number of months during which the allowance must be paid.

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Both open-ended and fixed-term pension payment options are chosen by the recipient voluntarily, at his own discretion. Term payments are larger in size than permanent payments, so most pensioners choose this option.

One-time

The third type of payment is a one-time payment. In this situation, all pension savings are issued in a single amount. Many pensioners would prefer this option: receive money in a lump sum. However, a lump sum payment is not available to every pensioner, but only to those who meet certain conditions.

Procedure and conditions for receiving a funded pension at a time in 2020

A one-time payment to pensioners from the funded part of the pension is made when the recipient meets a number of criteria. The main one is reaching the pension threshold.

After a citizen receives an old-age pension, he acquires the right to assign savings payments.

Another mandatory condition is that the total amount of savings, when calculating the monthly payment, is less than 5% of the assigned insurance pension.

Also, persons who have not reached retirement age if they lose a breadwinner or become disabled have the right to a one-time payment of the accumulated amount. In such a situation, a mandatory additional condition is the absence of the required work experience and the minimum number of IPC points.

Law

All persons who have the right to receive a funded pension are established in Federal Law No. 167 and No. 424. The rules for the formation, conditions for receiving and types of payments of pension savings are also indicated there. Additional nuances are regulated by government regulations No. 1047 and No. 1048.

Who is entitled to

Any adult has the right to form pension savings. He can independently enter into an agreement with any fund, including state funds, open a personal account and transfer money to it. The following categories of workers have savings deposits in the state pension system:

• Females, born in 1957-66 , and males, born in 1953-66. These citizens were participants in the savings program that operated in 2002-04.
• For all workers born after 1966 , to whose savings accounts employers contributed 6% from 2013 to 2015.
• Women who decide to transfer the amount of maternity capital due to them to a pension savings account.
• Persons who have become participants in the program of state co-financing of voluntary savings contributions.

Required documents

To apply for a funded pension, you need to provide a list of documents specified by law. It is the same for presentation to both state and private foundations. This list looks like this:

• Application requesting payments. It should indicate the form of receipt - urgent, unlimited, or one-time.
• General passport or other document replacing it.
• SNILS.
• Confirmation of periods of work experience. They are a work book or employment contracts.
• When receiving a funded pension for disability or loss of a breadwinner, you need certificates confirming the occurrence of this case.

Where to contact

It is necessary to apply for the assignment of the funded part of the pension to the fund where the citizen formed the amount of money. To do this, you need to submit an application to its employees, supported by the above documents. You can do this in several ways:

• By personally visiting the fund office at your place of residence.
• Sending the package of documents by registered mail.
• Through the district MFC. This option is possible if the account is opened in a state pension fund.
• Through the State Services website, again, if the savings are in the state fund.
• Through the official website of the fund.

Deadlines for receiving the lump sum funded part of the pension

After receiving a set of documents, fund employees have 10 days to familiarize themselves with it. If there is a shortage of any paper, they must inform the applicant about this, and he can provide the missing certificate within three months. After considering the application, if no obstacles to the assignment of a pension are found, then payments begin from the next month.

Receiving a funded pension

The payment of the amount due to the recipient can be done in several ways. He can choose any of them independently, indicating it in the application submitted to the Pension Fund.

1. Through the post office. In this case, the pensioner can independently pick up money from the branch at a time convenient for him, or it will be delivered to his home on a certain date every month.
2. By transfer to a bank card.
3. Home delivery by specialized services affiliated with the pension fund.

What is the lump sum payment?

If a citizen has grounds for receiving a one-time funded payment, then the entire amount available in his personal account is transferred to him. When assigning monthly payments, their amount is calculated based on the amount of savings and the time frame during which they will be made.

For example, a citizen has 480 thousand rubles in his account . When applying for a pension, he chose the urgent payment option, lasting 10 years. The amount of monthly payments is calculated using the formula:

Mon = S / Km, where

• Mon - funded monthly pension.
• C is the amount available in the personal account.
• Km - the number of months during which payments will be made.

Based on this, we get: 480,000 / 120 = 4,000 rubles.

One-time payment of the funded portion to pensioners

Pensioners have the right to receive their pension savings in a lump sum, regardless of whether they have completed their working career or continue to work. The main condition here is reaching the pension threshold and meeting additional requirements for the amount of savings (no more than 5% of the insurance portion).

Payment of the funded portion to heirs in a lump sum

Another feature of a funded pension is that in the event of the recipient’s premature death, it goes to his heirs. A citizen can indicate the person to whom he would like to leave the amount he has not received in his will. And in the absence of a posthumous expression of will, the money is distributed among all heirs in equal shares.

To receive the remaining savings, the heirs should contact the fund where the deceased’s savings were formed. The deadline for applying is no later than six months from the date of death of the account owner. The remaining pension savings can be received by the heirs only by paying a fixed-term pension to the deceased citizen.

In a situation where during his lifetime he chose an open-ended form of payments, it is not possible to inherit pension savings.

Changes in the funded pension sector in 2020: latest news

According to representatives of the Russian government, no changes in the procedure for the formation and payment of funded pensions are expected this year. The moratorium on the deduction of mandatory contributions to the funded part, introduced in 2015, has been extended until 2022.

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Source: https://upfrf.ru/pensioneram/kak-poluchit-edinovremenno-nakopitelnuyu-pensiyu.html

Receiving a one-time funded part of the pension

With the onset of retirement age, every citizen of Russia has the opportunity to apply for one-time payments from their accumulated funded part of the pension (NCP). In order to receive a one-time payment of the funded part of the pension, a number of conditions must be met; in addition, this opportunity can be used legally no more than once every five years.

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Three forms of pension payments

Types of pension

In accordance with the legislation of the Russian Federation, payment from pension savings can be made in several ways:

• accumulative payment;
• urgent payment;
• payment of emerital savings funds in a lump sum.

Every citizen of the Russian Federation receives the right to receive a funded part of a pension upon retirement. After 2015, this right can be used once every 5 years.

You can submit documents to receive such a payment at any time without urgency, the main thing is that when you contact the Pension Fund , you have collected all the necessary documents.

After submitting the request, the applicant will receive a response from the Pension Fund about the decision made in writing within a month.

A one-time payment of pension savings is made to Russians of primeval age who receive a disability pension or financial assistance due to the loss of a breadwinner in the family.

Important! Russians whose accumulative portion does not exceed 5% of their old-age labor pension, as well as those who receive payments under state pension provision, can receive a one-time NPP payment.

Russians have the right to receive urgent payment of emeritus savings, and its duration cannot be less than 10 years, although the exact period is determined by the pensioner himself.

Such a payment can be made in the case when a person has reached emerital age, and his pension savings are formed through contributions from the employer.

In this case, revenues from the State Co-financing Pension Program, the country’s contributions for co-financing and income from their investments, as well as maternity capital aimed at forming a pension are taken into account.

A funded pension, in the presence of emeritus savings and subject to reaching the required age, is paid for life and every month. The expected period of such payment is 20 years (240 months).

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Who is entitled to a one-time NPP payment?

One-time payment to private entrepreneurs

A one-time NPP payment can be received by insured citizens who meet the following criteria:

• those who receive a labor pension due to disability or the loss of a breadwinner in the family, or citizens who are on state pension support, who are not entitled to receive an old-age labor pension due to insufficient length of service and/or the size of the personal pension coefficient, but who have reached the generally established emerital age;
• those for whom the value of the NPP would be 5% or less of the value of the old-age labor pension, taking into account fixed payments to the old-age labor pension and their increase calculated at the time of formation of the NPP, but only subject to confirmation of the appropriate age.

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If the insured person has already had a savings emeritus established, she is not entitled to a one-time NPP payment.

To find out whether a person is entitled to a one-time payment of personal income, he needs to contact the pension fund at his place of residence with a passport and SNILS.

Data on private equity can also be viewed on the State Services portal or use the online calculator on the pension fund website.

To make calculations in the calculator, you must enter your age, gender, official work experience, average earnings and average income to your personal account.

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The legislative framework

The procedure for providing a one-time payment to private entrepreneurs is determined by the Government of the Russian Federation, namely its resolutions:

Source: https://info-gosuslugi.ru/poluchenie-edinovremennoj-nakopitelnoj-chasti-pensii.htm

Funded pension: how to receive a lump sum in 2020

Upon reaching the age required by law, an elderly citizen has the right to receive a pension benefit generated during working life. There are several types of pensions in the pension system, one of which is a funded pension. How to get one at a time? What conditions must be met? We will talk about this and much more in the article.

Read also: Child support after deprivation of parental rights: father, mother, both parents

What is the funded part of a pension?

Contributions sent by the employer for the employee during the period of work, as well as investments form the funded part of the pension.

Payment of the funded component is carried out once a month from the moment the citizen officially registers the attained retirement age in a specialized organization.

Citizens are given the choice of a pension company in which savings will be created.

At the expense of the employee’s salary, funds are transferred every month in the amount of 22%, where 6% can go (if the person wishes) to savings.

A citizen has the opportunity to direct all 22% of salary deductions to form an insurance pension.

Types of funded pension

As mentioned earlier, regular contributions to the savings account are made through employer contributions. However, for individuals engaged in entrepreneurial activities, contributions must be personal.

The insurance pension is “compensation” to pensioners for loss of ability to work. Only elderly citizens who have previously worked can count on such a pension.

The main distinguishing feature of a funded pension is the formation of savings through contributions.

Payments of savings savings are of 3 types: urgent, unlimited, one-time.

Indefinite

Already based on the name, we can say that the presented type of pension payment is issued to a citizen during his lifetime. Due to the impossibility of determining at what age a particular person will die, the average life expectancy for the country, obtained on the basis of statistical data, is taken as the basis.

The monthly benefit amount is subject to annual adjustment.

Urgent

The word “urgent” in the pension system implies the payment of funds over a certain period, which is determined by the elderly citizen himself. However, according to the regulatory legal act, conditions regarding the term of urgent payments have been approved, namely not < 10 years.

Most pensioners prefer this type of payment, since the amount of monthly payments in shorter periods is higher than in the open-ended form.

One-time

There is another type of receiving this type of pension, which involves a lump sum (at one time) payment. However, specific categories of citizens whose age meets the requirements have the right to implement this form of payments.

Procedure and conditions for receiving a funded pension at a time in 2020

To register savings savings, certain conditions must be met, the main one of which is reaching the retirement age limit (for 2020: for the female part of the population 55.5 years; for men - 60.5 years).

As soon as the funded pension is issued and assigned, it will be necessary to decide on the type of payment: fixed-term or lifetime. If a citizen is applying for a one-time payment, he will need to ensure that he meets the criteria.

These categories of the population may include people who:

• reaching the age limit corresponding to retirement age in the absence of the required number of pension points and length of service;
• payment of benefits in case of loss of a breadwinner in case of insufficiency of the required length of service;
• accumulated savings in the amount of less than 5% of the insurance pension.

What does the law say?

The list of persons entitled to the right, conditions, terms and procedure for payment, and much more related to the funded pension is established by regulations: Federal Law No. 167-FZ, Federal Law No. 424-FZ, resolutions No. 1047 and No. 1048 (dated December 21, 2009). ). Due to numerous changes, you can familiarize yourself with the current editions on the legal systems.

Who is entitled to

According to the law, any citizen of the Russian Federation, as well as foreign citizens, has the right to create savings savings. However, in order to assign a funded pension, certain conditions must be met, which apply to certain categories of citizens:

• who have carried out work activities since 1967, taking into account that savings began to be formed at the expense of the employer (6% of the employee’s salary) until 2015.
• who made deductions in the amount of 2% of wages in the period from 2002 to 2004. Years of birth are: for men - 1953-1966, for women - 1957-1966.
• who are members of the Co-financing Program (deduction of funds from the state and citizen in a ratio of 1 to 1).
• who used family capital to create savings.

Required documents

In order to apply for a pension, both state and non-state insurance organizations must have copies and originals of the following documents:

• statement of appointment (a second copy to mark receipt to track the review process);
• Russian Federation citizen certificate;
• insurance certificate;
• documents confirming periods of employment (labor or contracts).

If company employees have questions, additional official information and documents may be required.

Where to contact?

According to the law, each pensioner has the right to independently choose in which organization to create savings savings. This could be either the state Pension Fund or other companies that are not such.

In the case of a non-state pension fund, the funds received are used to create new profitable projects for the organization that bring profit; on the basis of this, the amount of payment for citizens is subsequently formed. Accordingly, the size of the funded pension is higher in comparison with the Pension Fund.

If funds are kept in the Pension Fund, then to make an appointment you should visit the branch of the organization at your place of residence with a package of all the required documents, and it is also possible to send it by post with registered notice.

Recently, the Multifunctional Center has become the most popular, which is also a point for accepting applications for payments.

Deadlines for receiving the lump sum funded part of the pension

The submitted application (appropriate form) for registration of the funded part is considered by employees within 10 days from the date of acceptance with a package of all required documents. If at least one is missing, a time period ( 3 months ) is allocated to provide the missing documents.

Based on positive results of consideration of the application, cash payments will be transferred within 2 months .

Receiving a funded pension

You can receive pension savings in several ways (the exception is payments to heirs):

• Post office:
• personal visit to the branch at your place of residence;
• postman to your home.

For both options, a specific date is set for making cash payments.

Payments are made through the cash desk of a bank branch. Transfer of money can also be made to a bank card account, which can be cashed out at any convenient time.

• An organization specializing in the delivery of pensions.

Delivery and payment terms are established by analogy with Russian Post: payments themselves are made at the company’s branch or by its courier.

How much is the lump sum?

Persons whose age has reached the retirement age limit are paid at one time from their savings the amount accumulated throughout their life. However, the final decision on the amount of payment from savings remains with the Pension Fund employees.

One-time payment of the funded portion to pensioners

Elderly citizens who have reached the age limit required for a pension and continue to work are applicants for receiving the funded part in the form of a one-time benefit.

The procedure for appointment and registration complies with generally accepted standards.

Payment of the funded part of the pension to heirs in a lump sum

During his lifetime, every citizen has the right to choose heirs to whom savings savings will be transferred. For an official appointment, you will need to visit the Pension Fund to write a corresponding application.

If a citizen does not have time to complete these actions before biological death, then the funds, according to the normative act, will be distributed among all persons who are relatives of the deceased. The first applicants to receive payments are children and spouse.

In the absence of primary relatives, the others become successors.

• In order for heirs to receive savings savings at a time, a personal (or through a representative, notarized) application to the pension organization is required no later than 6 months from the date of death of the citizen who formed the savings.
• One-time payments to heirs will be made only if the insured citizen of retirement age died before the payment was made (or was issued but not realized).
• Legal successors can also count on the balance of savings, which will be recalculated.
• If a citizen received a pension in another form before his death (for example, an unlimited pension), the heirs in the event of the death of a relative do not receive savings in the form of cash.

Changes in the funded pension sector in 2020: latest news

In the current 2020, according to official statements of the Pension Fund, the previous system of conditions, assignments, deductions and payments of funded pension remains.

Since 2015, the pension system in the field of savings savings has not been fully operational due to the imposed moratorium, which continues to this year.

Source: https://pfrf-kabinet.ru/grazhdanam/pensioneram/nakopitelnaya-pensiya-kak-poluchit-edinovremenno.html

When and how can you receive the funded part of your pension in a lump sum?

Under what conditions can you receive a funded pension? What is the difference between one-time, fixed-term and lifetime payments? Where to apply for a funded pension and what documents to provide? This is discussed in the article.

How is a funded pension formed?

About twenty years ago, the pension was divided into two parts - insurance and funded. If earlier deductions from salaries went towards monthly payments to pensioners, then after 2002 part of the funds began to accumulate in the personal pension accounts of working citizens.

From each salary, our employer contributes 16% to the insurance part of the pension (it is from this money that payments are made to current pensioners) and 6% to the funded one. Contributions to the funded pension remain in the individual pension account.

It will be paid “in old age” along with an insurance pension, which will be paid for by working citizens.

The funded pension appeared not so long ago, in 2002. And in 2014, a moratorium was declared on its replenishment through employer contributions: now they are used to pay the insurance pension. The moratorium will be in effect until 2021 inclusive.

To check how much you have already managed to accumulate, you can request
information about the status of your individual personal account on the State Services portal
(the service is called “Receiving information about the status of an individual
personal account”).

For more details, read the article “How to find out the size of your funded pension and insurer?”

Conditions for receiving a funded pension

You can receive the funded part of your pension if three
conditions are met:

1. Reaching the previous retirement age: for women – 55 years, for men – 60 years. Raising the retirement age did not affect the rules for receiving a funded pension. 
2. Having a minimum length of experience: in 2019 – 10 years, in 2020 – 11 years. 
3. Availability of the required number of pension coefficients: in 2019 – 16.2, in 2020 – 18.6. The number of points depends on the salary level. For example, with a monthly salary of 10 thousand rubles, only 1 point is awarded per year.

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Methods for paying funded pensions

There are three ways to receive a funded pension:

1. You can receive a pension for life. To calculate the amount of due monthly payments, it is necessary to divide all accumulated funds by 252 months (that is, 21 years is the survival period established by the Government).

Moreover, if you apply for a pension not at age 60, but later, the monthly payment will be higher. Example: if you apply for a funded pension at age 63, and not at 60, the total amount of savings will be divided by 216, and not by 252.

Indeed, due to the later application for a funded pension, the expected period for its payment is now 18 years, not 21.

2. If the size of the funded part does not exceed 5% of the entire pension, you will receive the entire amount immediately and in full.

Those who receive a disability pension, a survivor's pension or a state pension also have the right to a lump sum payment of the accumulated part of the pension.

The latter is assigned to people who have failed to score the required number of points or length of service to receive an insurance pension.

3. Savings can be obtained urgently. Namely, the pension recipient has the right to set his own period (at least ten years) during which all his savings will be paid to him. In this case, the payment will be slightly higher than when choosing the lifetime option.

• However, not everyone has the right to receive such an urgent payment. It is formed only through additional insurance contributions for the funded part of the citizen’s future pension, including:
• – voluntary contributions that the citizen himself transferred within the framework of the State Co-financing of Pensions Program;
• – means of co-financing his contributions from the state (according to the rules of the mentioned Program, the state doubles the citizen’s contribution in the range from 2 to 12 thousand rubles per year);
• – additional contributions from employers. These are funds that the employer paid for the funded part of the labor pension of participants in the State Co-financing Program in addition to contributions within the framework of compulsory pension insurance;
• – income from investing all the funds mentioned above;
• – maternal (family) capital funds aimed at forming a funded pension, and income from their investment.

To receive a funded pension, you must submit an application to your insurer - the Pension Fund of Russia (PFR) or a non-state pension fund. And in the application, indicate the option for receiving money - urgent or lifelong.

If you are entitled to a lump sum payment of savings, it will be made by your insurer (in this case it is not possible to refuse in favor of the other two schemes).

Where to go and what
documents to provide

An application for a funded pension can be submitted:

• in person or through a representative at a branch of the Pension Fund or Non-State Pension Fund (depending on where your money is kept);
• through the MFC;
• by mail;
• through the employer;
• in electronic form – on Gosuslugi or in your personal account on the Pension Fund website.

If your savings are in the Pension Fund of Russia (which means that either the state corporation VEB is responsible for their investment.

of the Russian Federation, which manages pension savings, including those of “silent people” under an agreement with the Pension Fund of Russia, or a private management company), you will need these documents.

Depending on the chosen method of receiving a funded pension, you will need to write an application for a one-time, fixed-term or lifetime payment.

Deceased's pension

For more details, read the article “How is a funded pension inherited?”

It is worth considering separately the case when a funded pension is received
by legal successors.
If the deceased was granted a lifelong payment of a funded pension, his relatives are not entitled to money.
In all other cases (when establishing a lump sum payment of savings or a fixed-term pension,
as well as before retirement), legal successors have the right to receive
accumulated funds.

Savings are inherited in the same way as property.

If during his lifetime a person did not manage to identify the legal successors of the pension in his application (addressed to the pension fund), then the money will go to first-degree relatives - that is, children (including adopted ones), spouse and parents. If there are no such relatives, then representatives of the second line - brothers, sisters, grandparents and grandchildren - can apply for a pension.

In order to receive money from the individual pension account of a deceased relative, legal successors must contact the fund where the savings were formed.

Documents will be required that confirm the death of the owner of the savings, as well as relationship with him. By law, documents must be submitted to the fund no later than six months from the date of death of the citizen who formed the savings.

Legal successors who missed the specified period can restore it in court.

Source: https://pensiya.veb.ru/nakopitelnaja-pensija/kak-poluchit-nakopitelnuju-pensiju/

The procedure for applying for a funded pension in 2019

To assign a funded pension in the State Pension Fund of Russia, there are two factors: a person must have the right to receive an insurance pension and have funds for pension savings. Changes in pension legislation that came into force on January 1, 2019 do not change the rules for assigning and paying pension savings.

The retirement age giving the right to receive them remains the same – 55 years for women and 60 years for men. This applies to all types of pension payments, including funded pensions, fixed-term and lump-sum payments.

As before, pension savings are assigned subject to the minimum required pension points and length of service: in 2019, these are 16.2 points and 10 years, respectively.

You can apply for a funded pension at any time after the right to it arises without any time restrictions; payment can be assigned either simultaneously with the insurance pension or separately.

If the pensioner whose pension savings were formed did not apply for their establishment, then he can apply for the establishment of the appropriate payment at any time convenient for him.

It does not matter whether the pensioner is working or not working.

Pension savings are formed mainly from insurance contributions that employers paid for their employees until 2014. The receipt of new employer contributions to pension savings in the compulsory pension system was suspended by decision of the state for the period 2014–2019.

However, until the end of 2015, citizens whose pensions were accumulated in this way were given the right to choose: to direct the entire amount of the employer’s insurance contributions to the formation of an insurance pension or to distribute them between insurance and funded pensions.

This opportunity is still available to those who have just entered into an employment relationship and contributions for them first began to be received after January 1, 2014.

Who has pension savings:

• for working citizens born in 1967 and younger due to the fact that their employers pay insurance contributions to finance the funded pension;
• for men born in 1953–1966 and women born in 1957–1966, in whose favor employers paid insurance contributions for the funded part of their labor pension in the period from 2002 to 2004. Since 2005, these deductions have been discontinued due to changes in legislation;
• for participants in the State Pension Co-financing Program;
• those who allocated funds from maternal (family) capital to form a funded pension.

There are three types of pension savings payments:

Funded pension. Carried out monthly and for life. Its size is calculated based on the expected payment period: from 2019 - 21 years (252 months).

To calculate the monthly payment amount, the total amount of pension savings accounted for in the special part of the individual personal account of the insured person, as of the day from which the payment is assigned, must be divided by 252 months.

One-time payment. When all pension savings are paid out at once in one amount.

Recipients of such a payment are citizens whose funded pension is 5 percent or less in relation to the amount of the old-age insurance pension, including taking into account the fixed payment and the amount of the funded pension calculated as of the day the funded pension was assigned. Recipients of a one-time payment are also citizens receiving a disability or survivors' insurance pension, or receiving a state pension, who, upon reaching the generally established retirement age, have not acquired the right to an old-age insurance pension due to the lack of the required insurance period or the required amount pension points.

Urgent pension payment. Its duration is determined by the citizen himself, but it cannot be less than 10 years.

Paid upon the emergence of the right to an old-age pension to persons who have accumulated pension savings through contributions under the State Co-financing of Pensions Program, including employer contributions, state co-financing contributions and income from their investment, as well as from maternity (family) capital. and income from their investment.

The procedure for applying for a funded pension is as follows.

An application for the assignment of a funded pension or an urgent pension payment is submitted to the territorial body of the Pension Fund of Russia at the place of residence, place of stay or place of actual residence of the citizen, to the MFC or in the form of an electronic document through the “Personal Account of the Citizen” on the official website of the Pension Fund. The application can be submitted in person, through a legal representative by mail or through an employer.

You must have your passport and SNILS (certificate of compulsory pension insurance) with you.

An application for a funded pension or an urgent pension payment is considered no more than 10 working days from the date of receipt of the application with all the necessary documents.

An application for a lump sum payment is considered within a month from the date of submission of the last required document, submitted within three months from the date of receipt of the relevant clarifications from the territorial body of the Pension Fund.

Based on the results of the consideration, a decision is made to assign the appropriate payment or to refuse to assign it, with justification of the reasons.

A one-time payment of pension savings is made within a period not exceeding two months from the date of the decision.

Source: http://www.pfrf.ru/branches/moscow/news~2019/01/11/174029