First Industrial Alliance, NPF

JSC "NPF First Industrial Alliance" has been operating since 1999 and is the service fund of the group of organizations of PJSC "KAMAZ" and the base fund for organizations of the State Corporation "Russian Technologies."

NPF First Industrial Alliance has been operating on non-state pension provision since 1999, on compulsory pension insurance as an insurer - since 2004. In February 2015, in accordance with the requirements of the law, the fund completed the reorganization in the form of transformation into a joint-stock pension fund.

Performance indicators

2018: Retirement savings returns

History

2024: Joining NPF Rostec

The non-state pension fund "First Industrial Alliance" came under the management of the Rostec fund. The Bank of Russia approved the corresponding restructuring, the press service of the state corporation said on July 30, 2024.

It is noted that this decision is aimed at creating a single center of competence for the implementation of pension programs for employees of the military-industrial complex. The initiative is designed to improve the measures of social support for specialists of enterprises included in the perimeter of Rostec, which unites more than 800 organizations throughout Russia.

source = Rostec

The non-state pension fund Rostec will continue to fulfill all obligations to the clients of the attached fund on the terms of previously concluded pension agreements. The process of combining funds is planned to be completed by the end of August 2024.

{{quote 'Consolidation of NPFs under the auspices of Rostec creates a more powerful tool for social support for workers and their families, increases confidence in the mechanism for forming a non-state pension, contributes to attracting and retaining highly qualified personnel in the defense industry, - said Yulia Tsvetkova, director of personnel management at Rostec. }} The portfolio of the combined Non-State Pension Fund includes a wide range of pension programs developed taking into account the specifics of specific enterprises within the framework of the standard approved by the corporation. The programs focus on various categories of employees, including young professionals, working retirees and managers.

The Joint Fund also plans to develop a long-term savings program that provides for active independent participation of citizens and state co-financing.

Andrey Kondratyev, General Director of RT-Finance JSC, emphasized the importance of Rostec NPF in the formed financial ecosystem of RT-Finance JSC^[1]

Notes