The procedure for managing, forming and spending funds from the Russian Pension Fund. The procedure for managing, forming and spending funds of the Pension Fund
Pension Fund of the Russian Federation: directions for spending funds and the procedure for using them.
Introduction
Extra-budgetary funds were gradually allocated from the budget, among which the main place was occupied by social funds. Off-budget funds represent one of the links in the financial system.
Extra-budgetary funds existing and operating on this moment in the Russian financial system, have a huge influence on it. With their help, the redistribution of national income is carried out on the initiative and in the interests of government bodies.
The specificity of extra-budgetary social funds is the clear assignment of income sources to them and, as a rule, strictly targeted use of their funds.
Depending on the organizational and legal form, they are divided into state and non-state.
The state pension fund is Pension Fund Russian Federation (PFR), formed by a resolution of the Supreme Council of the RSFSR dated December 22, 1990 as an independent financial and credit institution. It carries out individual banking operations in the manner established by the legislation on banks and banking activities. The Pension Fund and its funds are owned by the Russian Federation.
The financial resources available to state extra-budgetary funds are quite comparable in size to the federal budget. According to the Budget Code Russian Federation: a state extra-budgetary fund is a fund Money, formed outside the federal budget and the budgets of the constituent entities and are not subject to seizure.
Pension provision is based on an extensive legislative framework, numbering over 50 major federal regulations. The most general and important of them are the laws “On state pensions in the Russian Federation,” “On pension provision for persons who served in military service, service in internal affairs bodies and their families,” “On social protection of citizens exposed to radiation as a result of a disaster in Chernobyl Nuclear Power Plant”, which regulate the conditions and standards for providing state pensions.
At the same time, the situation in pension provision cannot satisfy either pensioners, government structures, or employees of the Pension Fund and social protection population. A search is underway for specific solutions and measures along the path of reform. Reform pension system is aimed at developing the most fair, from the point of view of the current state of society, ways of mobilizing contributions to it, distributing the pension budget among pensioners, rationally managing financial flows and servicing pensioners.
The relevance of considering this topic is determined by the fact that in Russia the importance of social funds is downplayed. The purpose of this work is to consider the issue of organizing pension service in Russia. Realization of the set goal implies analysis of how official documents and regulations governing the functioning of the pension system, as well as educational literature. The most recent data on the pension service was taken from the Internet.
Chapter 1: Pension Fund of the Russian Federation
The Pension Fund of the Russian Federation (PFR) is one of the significant social institutions countries. This is the largest federal system for providing public services in the field of social security in Russia, namelyinsurance for old age, disability, loss of a breadwinner, temporary disability, pregnancy and childbirth, unemployment and health insurance.
The Pension Fund of the Russian Federation was formed on December 22, 1990 by Resolution of the Supreme Council of the RSFSR No. 442-1 “On the organization of the Pension Fund of the RSFSR” for the state management of pension finances, which needed to be allocated to an independent off-budget fund. With the creation of the Pension Fund in Russia, a fundamentally new mechanism for financing and paying pensions and benefits appeared. Funds for financing the payment of pensions began to be formed from the receipt of compulsory insurance contributions from employers and citizens.
General management of the Pension Fund is carried out by the Board, operational management - by the executive directorate. The operational management bodies in the constituent entities of the federation are branches of the Russian Federation, and in cities and regions - authorized branches.
The structure of the Pension Fund includes 8 Directorates in Federal districts Russian Federation, 82 Branch of the Pension Fund in the constituent entities of the Russian Federation, as well as over 2,500 territorial departments in all regions of the country. More than 133 thousand social workers work in the Pension Fund system.
The Board consists of: Chairman, First Deputy, as well as managers of the fund’s branches. It may also include representatives of public, religious and government organizations, associations, institutions and enterprises whose activities are related to protecting the interests of pensioners, disabled people and children. The Fund's Board is responsible for performing the functions of the Pension Fund.
1.1. Functions of the Pension Fund
Functions of the Social Pension Fund:
- keeping records of insurance funds received under compulsory pension insurance
appointment and subsequent payment labor pension(in case of loss of a breadwinner, old age, disability), state security pensions, civil servants' pensions, pensions for military personnel and their families, social pensions. Due to the funds accumulated in the Fund, more than 36.5 million. Russian pensioners monthly and on time receive pensions
assignment and subsequent implementation of social benefits for such categories of citizens as: veterans, disabled people (including due to military injury), Heroes of the Soviet Union, Heroes of the Russian Federation, etc.
organizing and conducting personalized accounting of all participants in the compulsory pension insurance system (accounting for insurance contributions of more than 63 million Russians)
active interaction with employers who are also payers of pension insurance contributions. IN total number the pension system receives information on the transfer of pension contributions from 6.2 million legal entities
issuing certificates for receiving family (maternity) capital
clear management of funds received into the pension system (including management of the funded part of the labor pension, carrying out its actions through management companies or through the state management company - Vnesheconombank)
implementation of the Program state co-financing pensions (according to 2010 (October), more than 3 million citizens of the Russian Federation have already joined this program).
2.2 The procedure for generating budget revenues of the Pension Fund of the Russian Federation
The material source of any extra-budgetary fund is national income. The predominant part of funds is created in the process of redistribution of national income. The main methods of mobilizing national income in the process of its redistribution during the formation of funds are special taxes and fees, funds from the budget and loans.Pension Fund funds are generated through:
- employers' insurance contributions;
- insurance premiums of citizens engaged in self-employed activities, including farmers and lawyers;
- insurance contributions of other categories of working citizens;
- appropriations from the republican budget of the Russian Federation for the payment of state pensions and benefits to military personnel and those equivalent to them in terms of pension provision citizens, their families, social pensions, benefits for children over the age of one and a half years, for the indexation of these pensions and benefits, as well as for the provision of benefits in terms of pensions, benefits and compensation to citizens affected by the Chernobyl disaster, for the costs of delivery and forwarding of pensions and benefits;
- voluntary contributions (including foreign currency values) from individuals and legal entities, as well as income from the capitalization of Pension Fund funds and other income.
- funds reimbursed to the Pension Fund by the State Employment Fund of the Russian Federation in connection with the assignment of early pensions to the unemployed;
- funds collected from employers and citizens as a result of filing recourse claims;
Special taxes and fees are established by the legislature. A significant number of funds are formed from funds from the central and regional local budgets. Budget funds come in the form of gratuitous subsidies or certain deductions from budget tax revenues. The income of extra-budgetary funds can also be borrowed funds. The positive balance available to extra-budgetary funds can be used to purchase securities and receive profit in the form of dividends or interest.
Expenditures on pensions are the largest flow of social transfer payments in Russia. Over the past years these financial flows ranged from 25 to 47 percent in relation to federal budget expenditures. There are more than 38.5 million pensioners in our country, which is more than 1/5 of the total population of Russia.
The main source of income for the fund is insurance contributions from employers and working citizens. Employers pay monthly insurance premiums simultaneously with receiving funds from banks and other credit institutions to pay employees for the past month. This period is set no later than the 15th day of the month for which insurance premiums are calculated. In the same manner, employers charge and pay mandatory insurance contributions from employees, including working pensioners. Insurance contributions to the Pension Fund are charged on all types of earnings (income) in cash or in kind, regardless of the source of their financing, including taking into account full-time, non-staff, seasonal and temporary workers, as well as part-time workers or those performing one-time, casual and short-term work. The Pension Fund of the Russian Federation accounts for almost 75 percent of extra-budgetary social funds.
The main goals of the pension budget for the near future are the following:
- ensuring financial stabilization of the pension system throughout the entire planning period;
maintaining the standard of living of pensioners in accordance with the pace of inflation processes;
improving the forms and methods of relationships with insurance premium payers;
increasing interest in timely and full payment of insurance premiums for all categories of policyholders and insured;
increasing the efficiency of all parts of the pension system and saving all types of costs for its maintenance.
- employers - enterprises, institutions, organizations, including collective and state farms;
peasant farms;
tribal family communities of small regions of the North, engaged in traditional economic sectors;
individuals registered with government agencies as entrepreneurs without forming a legal entity;
individuals using hired labor in their personal households;
private detectives and private security guards performing their activities on their own behalf, and not on behalf of employers;
notaries engaged in private practice.
Employers who do not have accounts with bank institutions, as well as those who pay amounts for wages from the proceeds of products sold, work performed and services provided, pay insurance premiums by the 10th day of the month following the month for which insurance premiums are calculated. Citizens engaged in self-employment pay insurance premiums within the deadlines established for income tax for this category of citizens. Peasant (farm) households pay insurance contributions to the fund from income received for the past calendar year no later than April 1 of the following year. Income is defined as the difference between the total annual income generated by the entire household and the documented costs associated with generating that income.
The procedure for payment and tariffs of insurance contributions by employers and citizens to the Pension Fund of the Russian Federation are established annually by the legislation of the Russian Federation upon the proposal of the board of the Pension Fund. Contributions to the Pension Fund are taken into account as part of the unified social tax.
In addition, the Government of the Russian Federation approves a list of payments for which insurance contributions to the Pension Fund are not charged.
The position of the fund regarding payments for which insurance premiums are not charged is quite clear, for example, this list includes benefits paid to citizens, since according to the law, social benefits paid to citizens should not be subject to taxes at all, regardless of the amount of payments. Of the amounts of material assistance, this list includes only the most necessary ones, which are provided only in connection with emergency circumstances, since experience shows that employers began to use this benefit, initially completely non-taxable, and accrued instead of wages financial assistance, non-taxable. Now such amounts are subject to insurance premiums. Some points of benefits are included on the principle that there is no double taxation, for example, the amounts of insurance payments paid by the employer to employees under compulsory insurance are not taxed.
Determining the validity of contribution rates to extra-budgetary funds and the Pension Fund, in particular, is a very difficult task. Here we are talking primarily about the size of pension contributions for individual entrepreneurs, of whom there are currently about 12 million people in Russia. At the beginning of 1997, the contribution rate was increased from 5 percent to 28 percent of the income of entrepreneurs, that is, almost 6 times. Increased pension contributions are also paid by lawyers, private notaries, private detectives and auditors. If in 1996 farmers had to pay 5 percent of income, then in 1997 it was already 20.6 percent. Thus, farming, which had not gotten back on its feet, was dealt a very significant blow. According to the International Social Security Association, the rate of contributions to the Pension Fund for “self-employed” workers applied in Russia is the highest among the 165 countries in the world in which this organization monitors. So, in Germany this rate is 18.6 percent, in the USA - 12.4 percent. Unlike income tax, the rate of which increases smoothly, pension contributions in the amount of 28 percent are taken from any income, regardless of its size. This increase in the fiscal burden leads to the concealment of the income of individual entrepreneurs from the state and their transfer to the shadow economy.
From 2010, the unified social tax will be abolished, and direct contributions by employers (policyholders) to three extra-budgetary funds will be established - the Pension Fund of the Russian Federation, the Compulsory Medical Insurance Fund and the Social Insurance Fund. In 2010, the total volume of contributions will remain at the level of the Unified Social Tax rate - 26%, of which 20% will be directed to the Pension Fund of the Russian Federation. In this case, contributions will be paid from annual earnings up to 415 thousand rubles. If annual earnings exceed 415 thousand rubles, contributions in excess of 415 thousand rubles are not collected, but pension rights in excess of this amount are not formed. From 2011, the amount of total contributions will increase to 34%, of which 26% will be contributions for compulsory pension insurance. This system will significantly increase the level of pensions in the country.
Also, since 2009, citizens have the opportunity to make voluntary contributions to savings part pensions. The law (56-FZ of April 30, 2008) provides for two parties to co-financing a citizen’s contributions - the state (which doubles the amount to at least 2 thousand, but not more than 12 thousand rubles) and the employer (which co-finances employee contributions up to 12 thousand rubles receives a tax deduction). Any citizen can join this program by submitting two documents through the accounting department of his enterprise - an application to the Pension Fund for joining the program and an application to the employer with a request to establish a monthly transfer from salary to the savings part of the citizen’s individual personal account (recommended amount - 1 thousand rubles per month) . Minor citizens can also join the program.
In addition to mandatory contributions, the income of the Pension Fund of the Russian Federation also includes:
- income from servicing accounts of the Russian Pension Fund by banks;
penalties and financial sanctions.
For untimely crediting or transfer of contributions to the accounts of the Pension Fund of the Russian Federation due to the fault of banks, a penalty for each day of delay in the amount of 0.2% of the contributions is collected by the branches of the Pension Fund of the Russian Federation from banks.
The undisputed write-off of arrears, penalties, as well as amounts of fines and other financial sanctions is carried out by the branch of the Pension Fund of the Russian Federation by writing off on the account of the Pension Fund of the Russian Federation the funds available on the settlement, current and other accounts of the arrears in the bank, as well as on special accounts and letters of credit opened at the expense of the arrears , on the basis of a collection order (order) drawn up by a branch of the Pension Fund of the Russian Federation.
The limitation period for collection from individuals arrears, penalties, as well as amounts of fines and other financial sanctions is 3 years. An indisputable procedure for collecting these amounts from a legal entity can be applied within 6 years from the date of formation of the specified arrears.
Chapter 2. Directions for spending funds from the Pension Fund of the Russian Federation and the procedure for using them.
According to Article 147 Budget Code RF - the expenditure of funds from state extra-budgetary funds is carried out exclusively for the purposes determined by the legislation of the Russian Federation, the constituent entities of the Russian Federation, regulating their activities, in accordance with the budgets of these funds, approved by federal laws, laws of the constituent entities of the Russian Federation.
The Pension Fund funds are used to pay:
- state pensions for old age, long service, and loss of a breadwinner;
- disability pensions;
- pensions for military personnel;
- compensation for pensioners;
- financial assistance to the elderly and disabled;
- benefits for children from 1.5 to 6 years, for single mothers, for children infected with the immunodeficiency virus;
- victims of the accident at the Chernobyl nuclear power plant;
- Also, the budget for each year includes funds for indexation of all types of state pensions.
The Pension Fund finances programs for social support of the disabled, pensioners, and children; One-time cash payments are made.
Payments of state pensions and benefits occupy the largest specific gravity in the total expenditures of the Pension Fund. Along with them, targeted payments of state pensions and benefits are made on a repayable basis from the federal budget. These are the costs of the actual payment of pensions, as well as the costs of their delivery and forwarding. Part of the Pension Fund funds is used for capital investments and design work, development and commissioning of an automated fund system, training and retraining of personnel, maintenance of Pension Fund bodies, repayment of short-term loans and loans received from commercial banks.
In conditions of inflation, citizens' pensions are revised upward also at the expense of the Pension Fund. The Pension Fund of the Russian Federation finances various programs for social support disabled people, pensioners, children. The funds from the fund are also used to finance the administrative activities of the fund. Temporarily available funds of the Russian Pension Fund can be invested in securities.
The particular interest in the formation and execution of the budget of the Pension Fund of the Russian Federation in recent years is also explained by a number of additional circumstances related to the implementation of already adopted and upcoming regulations. On January 1, 2007, Federal Law No. 256-FZ of December 29, 2006 “On additional measures of state support for families with children” and the Rules for filing an application for a state certificate for maternity (family) capital and issuing a state certificate, approved by the Resolution, came into force Government of the Russian Federation dated December 30, 2006 No. 873. These regulations establish the right to receive maternity (family) capital for families in which a second child has appeared since January 1, 2007 (or a third child or subsequent children, if the right to receive these funds was not formalized at the birth of the second child). Size maternity capital in 2010 for those who have not yet used it, it will be 343 thousand 378 rubles 80 kopecks. For certificate holders who have already disposed of part of the funds, the amount of the remaining amount will be increased taking into account the rate of inflation.
Starting from January 1, 2009, Russians can increase their future labor pension with state participation. In the Russian Federation, there is a program of state co-financing of pensions: part of the contributions to the funded part of the pension is paid by the citizen himself, and the other part by the state. The program operates in accordance with Federal Law No. 56-FZ of April 30, 2008 “On additional insurance contributions for the funded part of the labor pension and state support formation pension savings". All Russians, without restrictions, registered in the compulsory pension insurance system can participate in the Program. Including people of the older generation and those who currently, according to current legislation, do not have the right to form the funded part of their labor pension.
Another item of expenditure in the Pension Fund budget, which appeared in 2010, is related to valorization. Valorization is a revaluation of the estimated pension capital, which is aimed primarily at those who have a large “Soviet” seniority. Pensioners with work experience before 2002 received a 10% increase in the amount of pension rights that they had formed before the start of the 2002 pension reform. Also, for each year of Soviet work experience before 1991, 1% was added to the estimated pension capital.
If, after valorization, the amount of the pension in the amount of other payments due to the pensioner turned out to be below the subsistence level of the pensioner in his constituent entity of the Russian Federation, then the corresponding social supplement was established for such a pensioner. If a pensioner lives in a region where the pensioner’s cost of living is lower than the federal one, then he is entitled to a federal social supplement to his pension, which is paid by the Pension Fund of the Russian Federation. If a pensioner lives in a subject of the Federation where the cost of living is higher than the federal one, then he is entitled to a regional social security payment, which is paid by the social protection authorities of the region.
The budget of the Pension Fund of the Russian Federation, as the main document that determines the daily life of the largest and most socially significant financial institution in our country, contains many other points that are no less important for every pensioner.
In conditions of inflation, pensions (Table 1.) for citizens are revised upward also at the expense of the Pension Fund.Table 1. Average pension amounts in 2012 included in the federal law “On the budget of the Pension Fund of the Russian Federation for 2012 and for the planning period of 2013 and 2014”
| Forecast for 2012 | |||
| at the beginning of 2012, rub. | at the end of 2012, rub. | increase in 2012, (%) | |
| Average pension | 8288,57 | 9135,72 | 10,2% |
| Labor pension | 8533,31 | 9394,09 | 10,1%* |
| The insurance part of the old-age labor pension for military pensioners | 1896,56 | 2078,03 | 9,6% |
| Social pension | 5216,52 | 5952,05 | 14,1% |
About his activities for 2017 (although this is not necessary for him). It covers both the main directions and results of the Fund’s work. Among other things, this report provides the latest statistics from the Pension Fund for 2017 compared to 2016. We present all the performance indicators of the Pension Fund in this material, since this question interests a lot of people.
Key performance indicators of the Fund
Official PFR statistics for 2017 give an idea of what benefits and other payments the fund makes, what the size of the pension is in Russia and how many people the pension system as a whole serves. We present the amounts for each indicator.
How many participants are there in the pension system?
According to the latest statistics from the Pension Fund of the Russian Federation, the number of participants in the pension system is as follows:
- insured under compulsory health insurance – 153.8 million;
- policyholders within the framework of compulsory health insurance – 9.3 million (employers – 5.3 million, self-employed policyholders – 4.0 million);
pensioners directly – 43.5 million (recipients of insurance pensions – 39.8 million, state pensions – 3.7 million, payments from pension savings – 1.1 million).
Average pension in Russia
There are also statistics from the Russian Pension Fund on the average pension amount (depending on the type):
- insurance – 13,306 rubles;
- old age insurance – 13,762 rubles;
- cumulative – 866 rubles;
- urgent payment of pension savings – 1277 rubles;
- one-time payment of pension savings – 3935 rubles;
- social pension – 8797 rubles;
- social services for disabled children and people with disabilities since childhood – 11,250 rubles;
- the living wage for a pensioner in the Russian Federation is 8,540 rubles;
- fixed payment to the insurance pension (total amount) – 4805 rubles;
- average federal size social supplement for pension – 1938 rubles.
Matkapital
The PFR report in numbers does not ignore the maternity (family) capital program:
- the amount of maternity capital is 453,026 rubles;
- number of issued certificates for maternal capital – 8.3 million;
- families who have fully managed their maternity capital – 4.9 million.
Who is saving for retirement?
The Pension Fund also talks about pension savings in numbers. The total number of such persons is 76.7 million. Among them:
- in the state-owned management company Vnesheconombank - 42.0 million;
- in private management companies – 0.4 million;
- in non-state pension funds – 34.3 million.
Co-financing of pensions
The statistics of the Pension Fund of the Russian Federation for 2017 under the Pension Savings Co-financing Program are interesting:
- participants – 2.6 million;
- their contributions for 2017 – 5.3 billion;
- the average contribution is 8.1 thousand rubles;
- state co-financing of contributions – 5.1 billion.
Progress in raising pensions
Perhaps the most exciting part of the statistics of the Pension Fund of the Russian Federation for 2017 concerns the increase in pensions:
- indexation of insurance pensions – by 5.8%;
- indexation of state pensions – 1.5%;
- investment return on pension savings for Vnesheconombank’s expanded portfolio – 8.8%;
- investment yield of pension savings on the portfolio of government securities of Vnesheconombank - 11.2%;
- investment return on pension savings for the total investment portfolio of private management companies – 10.8%;
- social monthly indexing cash payment(EDV) – 5.4%;
- inflation for 2017 – 2.5%;
- inflation for 2016 – 5.4%.
Social payments
Regarding payments social nature the situation is like this:
- recipients of monthly cash payments (MCB) – 15.4 million;
- recipients of additional monthly material support (DEMO) – 0.5 million;
- recipients of disability care payments – 1.9 million;
- recipients of payments for the care of disabled children – 0.5 million;
- compensation payments to northern pensioners – 0.2 million.
Fund resources
According to statistics from the Pension Fund of the Russian Federation, the Fund’s budget in terms of income is 8,319.5 billion. Receipts of insurance premiums for compulsory pension insurance are 4,481.9 billion.
In terms of expenses, the Pension Fund budget statistics are as follows:
- expenses for payment of pensions – 7167.2 billion;
- for social payments – 488.0 billion;
- expenses under the Maternity Capital Program - 311.8 billion.
The Pension Fund of Russia (PFR) is an independent financial and credit institution created in accordance with Art. 8 of the Law of the Russian Federation “On State Pensions in the Russian Federation” for the purpose of state management of pension finance in the Russian Federation, is accountable to the Government of the Russian Federation and carries out its activities in accordance with the legislation of the Russian Federation.
The main document regulating its activities is the Regulations on the Pension Fund of Russia, approved by the Resolution of the Supreme Council of the Russian Federation of December 27, 1991. No. 2122-1 and came into force on January 1, 1992.
The main tasks of the Russian Pension Fund include:
Targeted collection and accumulation of insurance premiums, as well as financing of expenses in accordance with the purpose of the Pension Fund,
Organization of work to recover from employers and citizens guilty of causing harm to the health of workers and other citizens, the amount of state disability pensions due to a work injury, occupational disease or loss of a breadwinner,
Capitalization of Pension Fund funds, as well as attracting voluntary contributions (including currency values) from individuals and legal entities to it,
Interstate and international cooperation of Russia on issues within the competence of the Pension Fund; participation in the development and implementation, in accordance with the procedure established by law, of interstate and international treaties and agreements on pensions and benefits.
The most important principle of any pension fund is the joint responsibility of generations. It pursues the goal of ensuring the level of living goods earned by a person by redistributing funds in time (today’s workers support yesterday’s workers, tomorrow’s workers will take care of the current ones) and in space - wherever a person lives (even abroad), he guarantees himself with his work and past social contributions a certain level of living in the future.
The pension fund budget is mainly formed from insurance contributions from pension insurance entities. All of them must register as policyholders with authorized Pension Funds in cities and districts. Newly created legal entities and other payers are registered as subjects of insurance premiums within 30 days from the date of their establishment. Banks open accounts for payers upon presentation of documents confirming registration that they are payers of an extra-budgetary fund.
Funds from the budget of the Pension Fund of the Russian Federation are federal property, are not included in other budgets and are not subject to withdrawal.
The budget of the Pension Fund of the Russian Federation is drawn up by the insurer for the financial year, taking into account the mandatory balancing of income and expenses of this budget. When forming the budget of the Pension Fund of the Russian Federation for the next financial year, a working capital standard is established.
The budget of the Pension Fund of the Russian Federation and the report on its execution are approved annually upon the proposal of the Government of the Russian Federation by federal laws in the manner determined by the Budget Code of the Russian Federation.
The budget of the Pension Fund of the Russian Federation is consolidated.
The budget of the Pension Fund of the Russian Federation separately takes into account the amount of insurance contributions for the funded part of the labor pension, funds allocated for investment, payments from pension savings, as well as expenses of the budget of the Pension Fund of the Russian Federation associated with the formation and investment of pension savings, management a special part of individual personal accounts and payment of the funded part of the labor pension.
Mandatory pension insurance funds are kept in accounts of the Pension Fund of the Russian Federation opened in institutions of the Central Bank of the Russian Federation, and in the absence of institutions of the Central Bank of the Russian Federation in accounts opened in credit institutions, the list of which is determined on a competitive basis by the Government of the Russian Federation.
The budget of the Pension Fund of the Russian Federation is formed through:
Insurance premiums;
Federal budget funds;
Amounts of penalties and other financial sanctions;
Income from placement (investment) of temporarily free
mandatory pension insurance funds;
Voluntary contributions by individuals and organizations paid by them not as policyholders or insured persons;
Allocations from the federal budget allocated for the payment of pensions and benefits and equivalent payments to military personnel and members of their families;
Other sources not prohibited by the legislation of the Russian Federation.
Federal budget funds allocated for the payment of the basic part of labor pensions and state pensions established in accordance with the Federal Laws "On Labor Pensions in the Russian Federation" and "On State Pensions in the Russian Federation", including the organization of their delivery, for reimbursement payment of insurance premiums for the period of caring for a child until he reaches the age of one and a half years and the period of military service under conscription in the amount provided for federal law, as well as federal budget funds, are included in the revenue and expenditure parts of the budget of the Pension Fund of the Russian Federation.
Funds from the budget of the Pension Fund of the Russian Federation have a designated purpose and are directed to:
Payment in accordance with the legislation of the Russian Federation and international treaties of the Russian Federation of labor pensions and social benefits for the burial of deceased pensioners who were not working on the day of death;
Delivery of pensions paid from the budget of the Pension Fund of the Russian Federation; financial and material and technical support for the current activities of the insurer (including the maintenance of its central and territorial bodies);
Other purposes provided for by the legislation of the Russian Federation on compulsory pension insurance.
Expenses not provided for by the budget of the Pension Fund of the Russian Federation for the corresponding year are made only after changes are made to the said budget in the manner prescribed by federal law.
Funds generated as a result of excess receipts of the unified social tax (contribution) in the part credited to the federal budget over expenses incurred to finance the payment of the basic part of the labor pension are credited to the budget of the Pension Fund of the Russian Federation in full.
These funds are spent in the following order: to compensate for the lack of funds from the budget of the Pension Fund of the Russian Federation for the payment of the insurance part of the labor pension; for an additional increase in the basic part of the labor pension based on inflation for the next financial year.
The procedure for using temporary available funds of the Pension Fund of the Russian Federation is determined by federal law.
Responsibility for misuse of funds from the Pension Fund of the Russian Federation is determined in accordance with the legislation of the Russian Federation.
To ensure the financial stability of the compulsory pension insurance system in the medium and long term in the event of a budget surplus of the Pension Fund of the Russian Federation, a reserve is created. The size of this reserve, as well as the procedure for its formation and expenditure, are determined by the federal law on the budget of the Pension Fund of the Russian Federation.
Calculated pension capital is formed from the total amount of insurance premiums and other revenues to finance the insurance part of the labor pension received for the insured person to the budget of the Pension Fund of the Russian Federation, based on individual (personalized) accounting data, confirmed by data from the federal treasury authorities of the Ministry of Finance of the Russian Federation.
Accounting for insurance contributions included in the estimated pension capital is carried out in the manner determined by the Government of the Russian Federation.
Indexation of the estimated pension capital is carried out in the manner established for indexation of the insurance part of the labor pension in accordance with the Federal Law “On Labor Pensions in the Russian Federation”. An example of pension calculation is given in Appendix 12 (on 3 sheets).
The insurance premium rate is set depending on the age and annual income of each individual employer. (Appendices 13,14, 15,16)
The billing period refers to the calendar year. The billing period consists of reporting periods. Reporting periods are the first quarter, six months, and nine months of the calendar year.
Every month, the policyholder pays advance payments for the unified social tax to the pension fund, and at the end of the reporting period, calculates the difference between the amount of contributions calculated on the basis of the base for calculating insurance premiums, determined from the beginning of the billing period, including the current reporting period, and the amount of advance payments paid during the reporting period.
If an organization was created after the beginning of a calendar year, its first billing period is the period from the date of its creation to the end of that year. In this case, the day of creation of the organization is recognized as the day of its state registration.
The amount of the single social tax (contribution) is calculated and paid by policyholders separately for each part insurance premium and is defined as the corresponding percentage of the base for calculating insurance premiums.
On a monthly basis, policyholders calculate the amount of advance payments for the unified social tax, insofar as insurance premiums are credited to the Pension Fund, based on the base for calculating insurance premiums, calculated from the beginning of the billing period, and the insurance premium rate. The amount of advance payment of insurance premiums payable for current month, is determined taking into account previously paid amounts of advance payments.
Payment of advance payments is made monthly within the period established for receiving funds from the bank for wages for the past month, or on the day of transfer of funds for wages from the insurer's accounts to the accounts of employees, but no later than the 15th day of the month following the month , for which an advance payment of insurance premiums is calculated.
The amount of contributions for compulsory pension insurance is considered received from the moment it is credited to the account of the relevant body of the Pension Fund of the Russian Federation.
Insureds are required to keep records of the amounts of accrued payments and rewards that form the basis for calculating insurance premiums and the amounts of insurance premiums related to the specified base for each individual in whose favor payments were made.
Payment of the unified social tax in the part subject to credit to the Pension Fund of the Russian Federation is carried out in separate payment orders for each part of the insurance contributions to the Pension Fund of the Russian Federation according to the budget classification codes:
Insurance contributions for compulsory pension insurance aimed at paying the insurance part of the labor pension are credited to code 1010610;
Insurance contributions for compulsory pension insurance aimed at paying the funded part of the labor pension are credited to code 1010620;
The unified social tax, in the share subject to credit to the Pension Fund, is credited to code 1010510;
Control over the use of budget funds of the Pension Fund of the Russian Federation is carried out by the Accounts Chamber of the Russian Federation in accordance with the legislation of the Russian Federation, as well as by the supervisory board of the insurer, created in the manner determined by the Government of the Russian Federation.
Due to the fact that from 01.01.2001. The responsibility for collecting and monitoring the flow of funds into extra-budgetary social funds is assigned to the tax authorities - MRI Ministry of Taxes of the Russian Federation No. 3 for the Inzensky, Bazarno-Syzgansky districts for 2001, mobilized payments to the Pension Fund of the Russian Federation, taking into account the existing arrears.
