Development and Perspectives of Non-State Pension Funds in Russia

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Presentation transcript:

Development and Perspectives of Non-State Pension Funds in Russia Galina Morozova Chair of Board of the National Pension Funds Association 2005

Numbers of non-State pension funds in Russia

System of Non-State Pension Security in Russia 284 Non-State Pension Funds (NSPFs) (functions: Making contracts of pension security and insurance, accumulation of pension contributions, transfer of assets of pension reserves for trust management, pension accounts maintenance, assigning and paying of pensions) 100 Companies for assets management (functions: Trust management of assets of pension reserves) 40 Specialized Depositaries (functions: Control of activity of NSPFs and managing companies on investment of pension reserves) 3 Administrators of Pension Funds (functions: Performing functions of fund management)

Dynamics of NSPFs Participants Numbers

Dynamics of NSPFs In-house Property and Pension Reserves

Dynamics of Pension Contributions to NSPFs (million rubles)

Structure of the State Pension Basic part Insurance labor pension Cumulative part of labor pension

Public Opinion on Subjects of Pension Formation (Year 2004) Up to 50 years old Over 50 years old