Encyclopedia

State Managing Company of the Payment Reserve Funds


The State Management Company of the Payment Reserve Funds — the state development corporation "VEB.RF", which carries out investment of funds of the payment reserve transferred to it by the Russian Federation's Pension and Social Insurance Fund for Trust Management, through forming an investment portfolio of the payment reserve fund, including pension savings formed in favor of insured persons for whom the Russian Federation's Pension and Social Insurance Fund has assigned a cumulative pension, as well as pension savings of insured persons for whom the Russian Federation's Pension and Social Insurance Fund has assigned an immediate pension payment, through forming an investment portfolio of the pension savings of insured persons for whom an immediate pension payment has been established1.

  1. Federal Law of July 24, 2002 No. 111-FZ "On Investing Funds for the Financing of the Accumulative Part of the Labor Pension in the Russian Federation", as amended on January 1, 2024, Article 3, subpara. 4.3 // RSZ RF. 2002. No. 30. Art. 3028. ↩

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