Encyclopedia
Long-Term Savings Contract
A long-term savings contract is an agreement between a fund and a participant, under which the participant undertakes to make savings contributions to the fund, and the fund undertakes to make payments to the participant upon occurrence of grounds for such payments1.
Federal Law No. 75-FZ dated 07.05.1998 "On Non-State Pension Funds", amended on 2025-01-01, Article 3 // Official Gazette of the Russian Federation. 1998. No. 19. Art. 2071. ↩