How does the Pension Fund work? Structure and management of the Pension Fund of the Russian Federation

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

The pension fund in the financial sector of each country plays an important role. It is he who is engaged in the redistribution of national income in many social systems. When wondering how the Pension Fund works, you should first understand what it is. It is a centralized system that aims to properly distribute and collect funds. He undertakes to provide the standard of living that a person deserves by working for many years on the territory of this state. The Pension Fund has to pay every month to people who, for one reason or another, are unable to provide for themselves.

An ordinary person rarely wonders about the structure of the Pension Fund, believing that this topic is far from his understanding. However, it still costs morelearn more about the features of this institution. After all, it directly depends on how rationally and correctly those budget funds that are allocated by the state will be distributed.

Principles of the Pension Fund

Let's take a quick look at how the Russian Pension Fund works. Speaking conditionally, the mechanism of functioning of this institution is associated with the support of the material welfare of people who are included in the social category. At the same time, the new generation starting to work must make contributions to this structure. Elderly people, on the contrary, due to the fact that they can no longer work, receive a fixed amount every month. In fact, the Pension Fund is an eternal cycle. The article will describe the properties and process of organizing the work of this structure. In addition, the head of the Pension Fund also deserved a few words, but more on that later.

Insurance premiums

The source of income for the Pension Fund is national payments. It is thanks to them that more and more branches are being created. The leading role is played by special contributions and taxes. Their size is established in accordance with applicable law.

The biggest expense is for welfare payments. This figure is so high that sometimes the Pension Fund management wonders where to get the money from. Insurance premiums are the main source of money. Each month, employers must pay a fixed amount based on the worker's wages. The payment of these funds is subject to strictcharacter. In the event that organizations evade payments, the Pension Fund levies this amount of pen alties and collects it anyway. The causes of the violation are not clarified, since they do not play a role. Pen alty is charged for each calendar day. In the event that the payer's property was arrested by a court decision, or all financial transactions were stopped, the Pension Fund waits for the end of the proceedings and only then sends a request for the transfer of funds. Pen alty for this period is not charged.

Meaning of the Senior Pension Fund

Before considering how the Pension Fund works in the field of disbursements, we note that this institution is completely independent. It operates in accordance with the legislation of Russia. The fund must make insurance premiums, finance the population that needs social protection. His responsibilities include organizing a process to collect money from people guilty of harming their colleagues and other residents of the state. If the latter was injured, preventing him from working, the fund is obliged to assign a pension. In addition, its employees control the timely receipt of insurance premiums and how correctly these funds are subsequently used.

A labor pension is a payment of funds that compensates people in need for a salary that, for serious reasons, they do not receive. In the Russian Federation, there are several types of such payments. Let's look at them in more detail:

• Employment pension forage (old age). Women who have reached the age of 55 and men over the age of 60 are eligible for such payments. Funds are accrued only if the insurance period is at least five years.
• Employment pension due to diseases (disability).
• Employment pension due to the loss of the main breadwinner.

Structure of the RF Pension Fund

The main structure of the Pension Fund is the Board. It includes the main functional body - the Executive Directorate. The latter subordinates all the branches that are located in the republics. They are also joined by administrative-territorial and state entities. They are also found in the regions. City and regional structures are authorized by the fund. They are fundraising for social media. insurance, provide various regional programs, monitor the expenditure of money. It is these departments that work directly with citizens.

In addition to the Pension Fund of the Russian Federation, the Ministry of Communications and Labor is responsible for providing pensions to residents, which appoints, redistributes and delivers funds for payments. The general budget, as well as the main points of expenditure, reports on the implementation of all tasks assigned to the fund are compiled by the Board. It is also guided by the current legislation, as well as the adopted budget for the current year. Head of the Pension Fund (Head of the Board) – Anton Drozdov. This person is an Honored Worker of the Russian Federation.

Problems of the Pension Fund due to economiccrisis and other reasons

Due to the 2008 crisis, the Pension Fund stopped making some payments. In order to get out of this situation, appropriate measures were taken. Although we managed to overcome the shortage of funds, but in 2009 the same problem arose, but to a lesser extent. In 2010-2011 the same thing happens. Every department of the Pension Fund tried to help rationally solve the problem and overcome the effect of the crisis.

Due to the fact that the number of those people who need to pay benefits is increasing, the imbalance of the Pension Fund and the lack of harmony leads to the urgency of this issue. In order to neutralize the existing problems, the state annually increases the amount of funds transferred to the described institution. Strengthened communication with the tax service and the organization for the collection of contributions.

Considering how the Pension Fund works, it must be said that in 2010 a transition was made to insurance principles in the field of social payments. The single tax was replaced by special payments. This helped to even out the work of the fund, to regulate it, to increase efficiency.

Pension reform and the role of the fund in it

Now Russia has a funded pension system. It allows you to regulate the funds accumulated in the future that a person will receive in old age. The amount of payments directly depends on how long the employee has been working, and whether his employer has honestly made monthly payments. This allows you to reduce the cost. In this way,what the employer pays does not go towards benefits for other pensioners at that point in time. This money is summed up, and when the pensioner stops working after reaching a certain age, they are paid in a fixed amount.

The accumulative system is considered quite convenient, especially in comparison with the distribution system. This is due to the fact that the money that is paid to a person for retirement is his property, and not the state. This aspect increases the reliability of the system. The accumulative scheme allows you to bring the economy back to normal, which is one of the tasks of the Pension Fund.

Moscow Pension Fund Office

The office is located near one of the subway lines. It's about Southwest. This branch is the main one in Moscow and the Moscow region, therefore, citizens are accepted here with questions that regional and city institutions are not able to answer. Given the specifics of the work, not everyone likes the Moscow Pension Fund. Its address: Tverskoy Boulevard, 18.

Many people say that some employees are often absent. Phones are not answered. Elevators don't always work. If a person sends a letter or documents, it is best to do this not by mail, but by fax. This is due to the fact that the letter sent to the address will most likely lie for about a month.

Moscow branch schedule

The branch is open from 9 am to 5:45 pm every day except Friday. On the last weekday, the institution closes at 16:30. There is also a lunch break.which lasts 30 minutes - until one in the afternoon.

Moscow branches of the Pension Fund

Unfortunately, it is impossible to list all the branches of the Pension Fund in Moscow, but some of them should be mentioned:

On Shluzovaya Embankment, 8 Office No. 10 is located. It works from 9 am every day until 18 pm. The branch is closed on weekends. The break lasts from 12:30 to 13:15. The phone number of the Pension Fund can be found on the official website

• On Panfilova, 7 in Khimki there is Department No. 5. Its schedule differs little from that described above. Except that lunch lasts from 13 to 14 hours. On Friday, the working day is shortened - at 16:45 the doors are closed. The phone number of the Pension Fund can be found on the booth in the lobby.
• Department No. 6 is located on Yeniseiskaya, 2. The work schedule of the institution is the same as that of Department No. 5. Lunch lasts 45 minutes - from 13:00.

Results

As you can see, the structure of the Pension Fund is simple and easy to understand. It should be said that it is quite important how often and honestly the current generation pays all the necessary contributions. Therefore, a white salary is very important, because it is not affected by the flow of funds to the country's budget. The main thing to remember is the main thing: the Pension Fund works to protect the interests of the citizens of the Russian Federation.