State and municipal finances. Pension Fund of the Russian Federation (the most important)

Lecture notes, cheat sheets
Free library / Directory / Lecture notes, cheat sheets

State and municipal finances. Pension Fund of the Russian Federation (the most important)

Lecture notes, cheat sheets

Table of contents (expand)

46. Pension Fund of the Russian Federation

Pension Fund of the Russian Federation (PF RF) is the largest of the non-budgetary social funds. In terms of financial resources, it ranks second after the Federal Fund. The Pension Fund of the Russian Federation was formed during the collapse of the USSR.

According to clause 1 of the Regulations on the Pension Fund of the Russian Federation, the Pension Fund of the Russian Federation is an independent financial and credit institution and was established for the purpose of state management of the finances of pension provision in the Russian Federation. In addition, the Pension Fund is recognized as a state institution carrying out pension insurance activities. Fund resources are in federal ownership.

According to the legislation, the FIU provides:

1) targeted collection and accumulation of insurance premiums;

2) capitalization of PFR funds, as well as attraction of voluntary contributions to it;

3) control over the receipt of insurance premiums by the PFR;

4) organization and maintenance of personalized records of insured persons;

5) interstate and international cooperation of the Russian Federation on issues of pensions and benefits.

PFR funds are used to pay state pensions for old age, for long service, for the loss of a breadwinner, disability pensions, military personnel, material assistance to the elderly, allowances for children under 1,5 years old, allowances for single mothers, pensions for victims of the Chernobyl accident.

Payments of state pensions and allowances occupy a huge proportion of the fund's expenditures. Pensions for military personnel, social benefits for burial, expenses for raising pensions for participants in the Great Patriotic War are reimbursed from the federal budget. In addition, the federal budget reimburses the payment of insurance premiums for the period of caring for a child up to 1,5 years, the period of military service. At the same time, the corresponding non-insurance periods will be included in the insurance period of such persons.

The amount of federal budget funds allocated for compensation to the Pension Fund of the Russian Federation for each insured person is included in the estimated pension capital of the insured person, from which the insurance part of the labor pension is calculated. The amount of compensation for each insured person is determined as follows. The amount of budget funds for reimbursement is divided by the projected period of payment of labor pension (on average, it is 18 years). This amount goes to the budget of the Pension Fund on a monthly basis. Expenses associated with the reimbursement of non-insurance periods are fixed by laws on the federal budget for the financial year.

Author: Novikova M.V.

<< Back: State off-budget fund

>> Forward: Functions of the Federal Service for Financial Markets

We recommend interesting articles Section Lecture notes, cheat sheets:

▪ History of the economy. Crib

▪ Business planning. Lecture notes

▪ Hospital Pediatrics. Lecture notes

See other articles Section Lecture notes, cheat sheets.

Read and write useful comments on this article.

<< Back

Latest news of science and technology, new electronics:

The existence of an entropy rule for quantum entanglement has been proven 09.05.2024

Quantum mechanics continues to amaze us with its mysterious phenomena and unexpected discoveries. Recently, Bartosz Regula from the RIKEN Center for Quantum Computing and Ludovico Lamy from the University of Amsterdam presented a new discovery that concerns quantum entanglement and its relation to entropy. Quantum entanglement plays an important role in modern quantum information science and technology. However, the complexity of its structure makes understanding and managing it challenging. Regulus and Lamy's discovery shows that quantum entanglement follows an entropy rule similar to that for classical systems. This discovery opens new perspectives in the field of quantum information science and technology, deepening our understanding of quantum entanglement and its connection to thermodynamics. The results of the study indicate the possibility of reversibility of entanglement transformations, which could greatly simplify their use in various quantum technologies. Opening a new rule ... >>

Mini air conditioner Sony Reon Pocket 5 09.05.2024

Summer is a time for relaxation and travel, but often the heat can turn this time into an unbearable torment. Meet a new product from Sony - the Reon Pocket 5 mini-air conditioner, which promises to make summer more comfortable for its users. Sony has introduced a unique device - the Reon Pocket 5 mini-conditioner, which provides body cooling on hot days. With it, users can enjoy coolness anytime, anywhere by simply wearing it around their neck. This mini air conditioner is equipped with automatic adjustment of operating modes, as well as temperature and humidity sensors. Thanks to innovative technologies, Reon Pocket 5 adjusts its operation depending on the user's activity and environmental conditions. Users can easily adjust the temperature using a dedicated mobile app connected via Bluetooth. Additionally, specially designed T-shirts and shorts are available for convenience, to which a mini air conditioner can be attached. The device can oh ... >>

Energy from space for Starship 08.05.2024

Producing solar energy in space is becoming more feasible with the advent of new technologies and the development of space programs. The head of the startup Virtus Solis shared his vision of using SpaceX's Starship to create orbital power plants capable of powering the Earth. Startup Virtus Solis has unveiled an ambitious project to create orbital power plants using SpaceX's Starship. This idea could significantly change the field of solar energy production, making it more accessible and cheaper. The core of the startup's plan is to reduce the cost of launching satellites into space using Starship. This technological breakthrough is expected to make solar energy production in space more competitive with traditional energy sources. Virtual Solis plans to build large photovoltaic panels in orbit, using Starship to deliver the necessary equipment. However, one of the key challenges ... >>

Random news from the Archive

Electronics with Nickel Cause Rash 28.07.2014

American scientists have found that nickel, which is contained in personal electronic mobile devices such as laptops, tablets and mobile phones, can be the cause of an allergic rash on the human body, especially a child, according to the medical weekly journal Pediatrics.

The report of scientists cites the case of an 11-year-old boy who developed inexplicable, and at first glance, causeless, itching and rash. It was later revealed it was an allergic reaction to the nickel contained in his iPad. As explained by the child's doctor, a dermatologist from the hospital Rady Childrens Hospital, Sharon Jacob (Sharon Jacob), such an allergic reaction is not life-threatening patients, but can cause pain and discomfort.

Nickel is one of the most allergenic metals, while it is almost indispensable in the manufacture of personal gadgets. An allergic reaction can be avoided by storing them in special cases. However, nickel is found not only in electronic devices and technology, but can also be found in jewelry, glasses, lighters.

Statistically, nickel allergies have become more frequent in recent years: in the past decade, 17% of children who were skin tested for allergies were found to be allergic to nickel, now the figure is 25%.

Other interesting news:

▪ DVD and HDD in one case

▪ Biological clock switch

▪ Bioactive coating for bone implants

▪ Heat controlled microbe

▪ Poetry and health

News feed of science and technology, new electronics

Interesting materials of the Free Technical Library:

▪ section of the website Basics of First Medical Aid (BFA). Selection of articles

▪ article by Robert Musil. Famous aphorisms

▪ article In which country is the custom of abducting grooms widespread? Detailed answer

▪ Anemone article. Legends, cultivation, methods of application

▪ article High-linear amplitude modulator. Encyclopedia of radio electronics and electrical engineering

▪ article Fast charger for Ni-Cd and Ni-MH batteries. Encyclopedia of radio electronics and electrical engineering

Leave your comment on this article:

All languages of this page

Home page | Library | Articles | Website map | Site Reviews