Non-state pension fund

The Non-commercial  non-state pension fund “NPF-Paritet”was registered on 14.06.2000 by Administration of Izhevsk (Certificate of  State Registration №160-00-П). The license  № 338 of July, 2000,  given by  non - state pension  funds  Inspection of  Labour and Social development Ministry.

Bank of  Foreign  Trade of  Russia ( Vneshtorgbank ) is  the custody of the fund, executing control of pension reserves allocation.

According to magazine "Money" rating, "NPF-Paritet" entered the first 10 non - state Pen- sion funds, developing effectively.

The main kind of activity of the company is providing different forms of pension assuran- ce of it's participants in accordance with agreements made.

The activity of the fund includes also accumulation of  pension installments, their allo- cation, accounting of pension liabilities of fund and executing payments of non-state pensions to it's participants. The  Fund  is one in Udmurtia  opened  pension  institution having among its members many companies, representing different branches of industry and legal persons.

The Fund provides it's activity not only in Udmurt Repablic, but in Moscow and its regions.

Signing  of  contracts  is carried  out  according  to  Regulations of non - state pension fund "Paritet"  wich  contain  the  following schemes (pension scheme - the way of collecting installments and executing payments):

- first scheme provides  fixed pension installments, payments are made during the whole life of participant;

- second  scheme  provides  fixed  pension  installments  and payments during the specified period;

- third scheme has fixed pension installments and joint responsibility of the members;

- forth scheme provides fixed amounts of payment, made during the whole life.

As a garant  of  executing all  the  liabilities  the Fund formed an insurance reserve, which is filled up monthly.