of October 18, 2012 No. 1059
About approval of Rules of money value of the obligations accepted by Fund of pension and social insurance of the Russian Federation concerning insured persons on payment of the funded pension and (or) due retirement benefit established by it
According to part 5 of article 12 of the Federal law "About Procedure for Financing of Payments at the expense of Means of Pension Accruals" Government of the Russian Federation decides:
Approve the enclosed Rules of money value of the obligations accepted by Fund of pension and social insurance of the Russian Federation concerning insured persons on payment of the funded pension and (or) due retirement benefit established by it.
Russian Prime Minister
D. Medvedev
Approved by the Order of the Government of the Russian Federation of October 18, 2012 No. 1059
1. These rules establish procedure of money value accepted by Fund of pension and social insurance of the Russian Federation (further - Fund) obligations concerning insured persons on payment identified by it funded pension and (or) due retirement benefit.
2. The money value of obligations, stipulated in Item 1 these rules, is performed by Fund for determination of compliance of amounts of means of payable reserve and means of pension accruals of insured persons which establishes due retirement benefit, to amounts of obligations of Fund concerning insured persons for payment identified by it funded pension and (or) due retirement benefit for the purpose of carrying out in accordance with the established procedure adjustment of the size of accumulated portion of work old-age pension and due retirement benefit.
3. The money value of obligations, stipulated in Item 1 these rules, is performed by Fund annually, no later than May 1 of the year following accounting financial year.
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