Over the past year, Russian citizens have concluded almost seven million agreements that ensure the transfer of all pension savings to a non-state pension fund. These are the official data of the NPR, published by the Kommersant newspaper. Such results of the last year exceeded the previous indicators by 24%. In 2011, the Pension Fund of the Russian Federation recorded approximately 21% of applications declared invalid. They relate to transfers of savings. At the end of 2012, more than six million people have successfully transferred their funds to non-state funds. The total number of NPF clients increased to twenty one million people, which is approximately 25% of the total number of insured people.
The Pension Fund of Russia receives funds that are accrued by employers in the form of 22% on the salaries of Russian citizens. 16% go to payments to retirees, and 6% remain in the fund as a funded component. The Russians can transfer it to the NDP by drawing up a corresponding statement. For citizens who have not written such statements, the state-owned VEB will become the main manager of savings funds. These funds are mainly invested in bonds of the Russian Federation.
During the current year, Russians will decide for themselves where to leave their savings funds — in the insurance part or in the savings system. This right should remain with the citizens of Russia after 2013..
