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Pension Fund of the Russian Federation of RPF

Company

Number of employees
2017 year
114300

Assets

Owners

+ Pension Fund of the Russian Federation (PFRF)

Activities

  • The personified accounting is right
  • Appointment and pension payment (42.9 million pensioners for the end of 2017)
  • Maintaining the program of maternity capital (7.6 million certificate holders on maternity capital, data of 2017)
  • Appointment and financing of social payments (21.5 million receivers of social payments for the end of 2017)
  • Formation, appointment and payment of pension savings
  • Subsidizing of social programs of the subjects of the Russian Federation

Number of employees

Informatization

Main article: Information technologies in the Pension Fund of the Russian Federation.

Pensions in Russia

The pension system of Russia is considered in article "Pensions in Russia".

History

2019: Medvedev dismissed the deputy head of RPF Alexey Ivanov in connection with loss of trust

On August 19, 2019 the Prime Minister Dmitry Medvedev signed the order about dismissal in connection with loss of trust of the vice-chairman of the Pension fund Alexey Ivanov who is earlier arrested within criminal case about a bribe. Read more here.

Budget of RPF

2020: The pension fund will receive record 4 trillion rubles from the budget

On June 25, 2020 it became known that the Pension Fund of the Russian Federation (PFRF) in the 2021st will receive 4.12 trillion rubles from the federal budget. The state never selected so large sum.

According to RBC with reference to the draft budget of RPF, the share of federal money in fund in 2021 will make 42.6%. It is record level since 2017. In 2022 and 2023 the government will select to the Pension fund 4.3 trillion rubles, the share in total income will exceed 40%. Before since 2017 the dependence of RPF on grants of the federal budget consistently decreased from 45% to 36%.

The Pension Fund of the Russian Federation in the 2021st will receive 4.12 trillion rubles from the federal budget

The federal budget in 2021 will increase grants to the Pension Fund of the Russian Federation almost by 1 trillion rubles in comparison with legislatively approved indicator of the 2020th.

In 2021 nearly 21% of all expenses of the federal budget will be sent to the Pension fund. The Ministry of Finance suggests to record budgeted expenses of 2021 at the level of 2020  — 19.7 trillion rubles (this offer was included in the national plan of an economic recovery provided at the beginning of June). For comparison, in 2019 18% of all expenses of the federal budget were transferred to the Pension fund.

The project of the main characteristics of the budget of the Pension Fund of the Russian Federation prepared on the basis of the May macroeconomic forecast  of the Ministry of Economic Development which final version by June 25, 2020 is not approved. The amendment to the budget of RPF also was not made yet. As notes the edition, review of plans was required in connection with the expected decrease in receipts from insurance premiums because of crisis and its influence on salaries.

Earlier was  it is termless  the blanket tariff  of insurance premiums from 30 is reduced to 15% from salaries higher than a minimum wage rate for small and medium business. Also the rate of contributions to RPF  from 22 was reduced to 10%.[1] 

2019

The volume of budget revenues of RPF for 2019 was predicted at the level of 8 trillion 649.9 billion rubles, the total amount of expenses — at the level of 8 trillion 708.7 billion rubles. According to documents, the budget is run on income in the amount of 8 trillion 781 billion rubles, on expenses — on 8 trillion 627.1 billion rubles. The amount of the interbudget transfers received from the federal budget was 3 trillion 308.7 billion rubles. Interbudget transfers from budgets of the subjects of the Russian Federation arrived in the amount of 3.3 billion rubles. 8 trillion 404.6 billion rubles were directed to execution of public normative obligations in 2019 from the budget of RPF. The total amount of surplus of the budget of fund for reporting year was 153.9 billion rubles.

The investment income of means of pension savings listed by management companies made 33 billion 914.4 million rubles. An investment income of means of a reserve of RPF on mandatory pension insurance made 12 billion 446.2 million rubles.

The Government of the Russian Federation introduced in May, 2020 to the State Duma the performance report of budgets of the Pension fund (RPF), Fund of compulsory social insurance (Social Insurance Fund) and the Fund of Compulsory Health Insurance (FCHI) for 2019. According to the document, receipt in the budget of RPF of the confiscated money received as a result of commission of corruption offenses made 338.6 million rub[2].

According to the performance report of the budget of RPF (N962479-7), in 2019 receipts of the confiscated money received as a result of commission of corruption offenses made 338 million 639.7 thousand rubles.

Since January 1, 2019 became effective the law according to which in fund the confiscated funds received as a result of disclosure of corruption crimes and also money from implementation of the condemned property received as a result of commission of corruption offenses should be allocated. The forecast volume of receipts in 2019-2024 — 1.8 billion rubles.