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Guarantee System to Cover 99% Pension Savings

06.08.2015 12:00 / TASS

Over 99% pension savings will be covered by the guarantee system by the end of 2015 года, says the National Non-State Pension Funds Association.

Preliminary results of corporatization of non-state pension funds and their inclusion in the pension savings guarantee system show that 61 NPFs have been reorganized, 29 of them have passed the Bank of Russia audits and have joined the guarantee system, 15 NPFs are undergoing corporatization.

NAPF estimates that by end-2015 guarantee system NPFs will have accumulated some 95% of all pension accounts with 99.6% pension savings.

Non-state Pension Funds industry reformProject Group №1