Encyclopedia

Guarantee Fulfillment


Guarantee funding is a monetary amount that must be reflected by the insurer in the mandatory pension insurance in the special part of the individual account or on the accumulative pension account of the insured person, credited to the payment reserve funds or the pension savings of insured persons who have been granted an immediate pension payment, in accordance with the cases and procedures provided for by this Federal Law, at the expense of the reserve funds for mandatory pension insurance, and if such reserve is insufficient, from the own funds of the participant fund and (or) other sources not prohibited by Russian legislation1.

  1. Federal Law No. 422-FZ of December 28, 2013 "On Ensuring the Rights of Insured Persons in the System of Compulsory Pension Insurance of the Russian Federation when Forming and Investing Pension Savings Funds, Establishing and Making Payments from Pension Savings Funds". 2013, as amended on July 1, 2022, Article 2, paragraph 3. ↩

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