Encyclopedia

Long-term savings account


The long-term savings account is a form of analytical accounting in the fund containing information on participants and investors under long-term savings agreements as provided by this Federal Law, reflecting the balance amount on such an account, the inflow of savings contributions, results of pension reserve placement, carried out guarantee replenishments of coverage reserves for pension obligations, accrual of payments under long-term savings agreements to the participant, accrual of redemption amounts to the investor, participant or their successors, as well as accrual of redemption amounts to the investor, participant or their successors for transfer to another fund upon termination of the long-term savings agreement1.

  1. 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. ↩

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