Pension Fund for the first time delayed the transfer of funds in the NPF

The funds had to be transferred to non-state pension funds (NPF) Pension Fund of Russia (PFR) till may 15, still couldn’t get to them. About it reports “Kommersant”, citing several market participants.

In the FIU publication confirmed the delay of the transfer of state funding. According to the representative of the press service of the FIU, the delay was for technical reasons.

“Until may 23, carried out the test verification registers for citizens, who changed insurer this year. Funds state co-financing is posted on the pension accounts of citizens, formed the list for the NPF. Funds will be transferred to NPF and management companies before the end of this week”, — said the representative of the FIU.

The source said that in the framework of co-financing pensions in the NPF will be transferred to 2.93 billion RUB.

As noted by the Director General of the National NPF Svetlana Kasina, without receiving these funds from the PFR to NPF cannot invest, hence to reduce the period of placement that may affect the profitability of the Fund. While Kasina stressed that the delay in the transfer of state co-financing occurs for the first time.

“Although the amount of RUB 3 bn. in the scale of the NPF is not critical, costs are certain and the funds themselves. For the NPF is the loss of part of its own earnings, which is formed as 15% of the investment income,” — said “Kommersant” the General Director of consulting company “Pension partner” Sergey Kolesnov.

The program of state co-financing pension savings was launched in 2008. It was the fact that when transferring a participant of the program on cumulative part of the pension from 2 to 12 thousand rubles per year, the state will double this amount. Enrolment in the programme ended on 31 December 2014.