ORDER OF THE GOVERNMENT OF THE RUSSIAN FEDERATION

of December 21, 2009 No. 1047

About approval of Rules of lump sum payment of pension and social insurance of the Russian Federation of means of pension accruals by Fund to insured persons

According to part 2 of article 4 of the Federal law "About Procedure for Financing of Payments at the expense of Means of Pension Accruals" Government of the Russian Federation decides:

1. Approve the enclosed Rules of lump sum payment of pension and social insurance of the Russian Federation of means of pension accruals by Fund to insured persons.

2. This resolution becomes effective since January 1, 2010.

Approved by the Order of the Government of the Russian Federation of December 21, 2009 No. 1047

Rules of lump sum payment of pension and social insurance of the Russian Federation of means of pension accruals by Fund to insured persons

1. These rules determine procedure territorial authority of Fund of pension and social insurance of the Russian Federation (further - territorial authority of Fund) lump sum payment of means of the pension accruals considered in special part of individual personal account of insured person (further - lump sum payment).

2. Action of these rules extends to the citizens of the Russian Federation, foreign citizens and persons without citizenship insured in system of mandatory pension insurance who on the date of the request for lump sum payment performed forming of funded pension through Fund of pension and social insurance of the Russian Federation.

2(1). Lump sum payment is performed:

a) to persons who did not acquire the right to funded pension according to article 6 of the Federal law "About Funded Pension", - on reaching age of 60 and 55 years (according to the man and the woman);

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