How to transfer the funded part of a pension to VTB: features, procedure, advantages

Who needs non-state pension funds and why?

Non-state pension funds (NPFs) allow you to profitably use the funded part of your pension. The word “Profitable” in this case means a higher indexation percentage and a larger future pension.

You should think about switching to a non-state pension fund if:

1. Salaries are high. If wages are low, this issue may not be considered. The difference in the pension amount will be minimal, even if you sign an agreement with the most profitable NPF.
2. There are prospects of living beyond 66 years for men. According to Rosstat data for 2015, the average life expectancy of men is 65.92 years. This means that some will not live to see retirement. And those who survive are unlikely to “last long.” But this question is very individual and prospects depend on many factors. For example, the presence and types of diseases, maintaining a healthy lifestyle.
3. You are a woman. For women, the prospects are brighter. Their life expectancy is 76.71 years.

Making a decision to transfer funds to a non-state pension fund also implies deciding on the choice of the most effective fund. For example, VTB.

How to receive the funded part of your pension

The information below is intended for those who do not know how to withdraw money from VTB NPF. There are three types of pension savings payments:

• lifetime – paid every month in equal amounts;
• urgent – ​​within the period specified in the contract (from 10 years);
• one-time – if the funded pension does not exceed 5% of the amount of the insurance pension.

Depending on the type of payments, the procedure for receiving them varies. Read more about this here.

Briefly about the VTB pension fund

The fund is part of the international financial group VTB. The fund defines the main objective of its activities as helping to achieve a more prosperous future for its clients.

In terms of pension savings in 2021, the fund ranks 7th in Russia. Clients are attracted through all banks of the financial group: VTB, VTB 24 and Post Bank.

As of January 1, 2017, the Fund’s assets amounted to 130.36 billion rubles.

At the end of 2021, funds received by NPFs from other funds amounted to more than 13.5 billion rubles. The largest part in the amount of 11 billion rubles. came from the Pension Fund of the Russian Federation.

Over the same period, the fund's return level reached 12.8% with annual inflation of 5.39%.

The total number of insured persons under compulsory health insurance is 1.3 million people and 41 thousand NGO participants. Over the past 8 years, the number of NGO participants has increased 4 times.

It is difficult to independently evaluate the activities of a financial organization and make a decision about the possibility of cooperation with it. The issue can be resolved by studying the official opinion of experts.

The reliability of the fund is confirmed by the Expert RA agency. The rating is “ru AAA” with a “Stable” outlook. In its characterization of the fund, the agency notes the highest level of creditworthiness and financial stability on the national scale for the Russian Federation.

Information about the fund

It’s logical to start searching for official data about NPF VTB Pension Fund JSC by studying the website of the company’s supervisory authority – the Bank of Russia. Here you can find information about the full and abbreviated name of the organization, its legal address, INN, OGRN, and issued license. In addition, there is information about the owners of the fund - this is PJSC VTB Bank.

If you need information about the services provided, the procedure for joining the fund, the addresses of the company’s branches and offices, call the VTB NPF hotline. It is available on the company's official website. Managers will answer questions from potential clients in detail, talk about the nuances of concluding a pension insurance agreement and the features of transferring money to the fund’s account. If you don’t have time for a long telephone conversation, use the feedback form directly on the website.

Functionality of the personal account of NPF VTB

The account allows the user to obtain the following information online:

1. About pension accounts and their status.
2. About the funded part of the labor pension and the results of investing pension savings.
3. On maternity capital funds aimed at forming the funded part of the labor pension.
4. On the status of personal pension accounts opened with non-state pension funds.
5. On the results of investments of pension reserves.
6. Ability to change the mobile phone number, e-mail and password associated with the service during registration.

Branches

Moscow, st. Vorontsovskaya, 43, building 1, phone:

Voronezh, st. Friedrich Engels, 25 B, off. 402., phone:

Kazan, st. Ostrovskogo, 87, phone: 8(843)570-66-48

Krasnodar, st. Krasnoarmeyskaya, 43/Gogolya, 68, office 530, phone:

Krasnoyarsk, st. Lenina, 56, phone: 8 (391)200-20-12

Novosibirsk, st. Kommunisticheskaya, 48 A, telephone:

Perm, st. Lenina, 26, phone: 8(342)212-41-18

St. Petersburg, Degtyarny per., 11 A, phone:

Khabarovsk, st. Moskovskaya, 7, phone: 8(4212)910-284

Authorization in your personal account

On the main page of the official website of NPF VTB vtbnpf.ru, the button to enter your personal account for individuals is located on the right. Login is possible by specifying your login and password.

The login is the number of the insurance certificate of compulsory pension insurance; the login remains unchanged. You should enter 3 digits in each cell, and the last 2 in the last one.

The password is 6 digits of the passport number. The password is assigned by default. For security, it is recommended to change it after the first authorization. To log in and protect against spam, you should also enter the code from the picture.

If you lose your password, you can always recover it. To do this, use the e-mail linked to the account.

How to find out the amount of your savings

Fund members often ask how to find out their pension savings in VTB NPF. The easiest way to solve this problem is to call the fund's hotline. If you don’t want to communicate with the operator, you can find out the pension savings in the VTB Non-State Pension Fund yourself in your Personal Account. Just look at the balance on your personal account and compare it with the amount of investment. If the difference is positive, your retirement savings have increased.

Please note that, according to the current rules, accumulated profitability is recorded once every five years: in the period from January 1 to March 31 of the year following the reporting year. Therefore, if you have been a member of the fund for less than this period, data on profitability will not be reflected in your Personal Account.

You can check pension savings in VTB NPF by contacting the company office with a passport. The manager will provide all the necessary information.

Conditions of registration and programs

The Pension Fund of VTB Bank 24 provides its clients with the mandatory registration of pensions and the registration of the savings part; also, for those who have already accumulated funds, it is proposed to make an investment.

That is, accumulated sums of money can be transferred to the bank for management on account of a future pension at interest and an individual plan or program under which monthly benefits will be issued upon reaching retirement age.

Working citizens can transfer the details of their savings account to VTB 24, and six percent of their salary will go to this bank.

Premiums may be transferred or held subject to certain conditions or programs selected. VTB 24 Pension Fund offers the following conditions:

• the opportunity to draw up documents for a funded pension at any branch of VTB 24 Bank;
• a wide range of investment of invested funds towards a future pension;
• its formation in rubles, and not pension points;
• receiving additional income;
• choosing an individual pension plan, up to the amount of the monthly benefit and the ability to withdraw a certain amount of money.

The program for creating a savings account at VTB 24 is carried out jointly with government co-financing . An individual pension plan is created for the client base, which includes the choice of interest rate, insurance premiums, and payment terms.

Pension cards: what can VTB offer pensioners?

People of retirement age increasingly prefer to receive their pension not in cash at the nearest post office, but by bank transfer to a personal bank card.

Therefore, special cards for pensioners are issued by almost all Russian issuing banks.

This is a fully functional payment instrument, which you can use to receive any social payments and pay with a card for purchases in stores.

For older people, VTB offers 3 types of bank cards, each of which has its own features and advantages. Let's look at the available options in more detail.

Maps WORLD

Let's start with the fact that MIR cards are a national payment system that operates regardless of the international economic situation.

Such cards are often used by pensioners and public sector employees to receive salaries, benefits and other social payments.

The advantages of MIR cards are due to the following factors:

• Annual service on preferential terms;
• Income 4% annually on the balance of funds stored in the personal account;
• Bonus program that allows you to accumulate points for non-cash payments;
• Cash withdrawal without commission at VTB ATMs.

The disadvantages of plastic include working exclusively with Russian currency and the inability to use it abroad, but given the general situation, for most pensioners these nuances do not play a significant role.

MasterCard Standard and Visa

These are international payment systems, but they are not suitable for receiving social benefits subsidized from the state budget.

The fact is that, unlike MIR cards, there are no preferential conditions for citizens of retirement age, so the annual service fee is charged on a general basis; there are no additional privileges.

However, this does not mean that pensioners cannot issue cards that work in the international MasterCard Standard and Visa systems.

This may be required in situations where you are planning a trip to another country where MIR cards are not valid.

Therefore, let us consider the conditions for obtaining and using such cards.

MasterCard Standard:

• Maintenance 750 rubles per year;
• Cash withdrawal: interest-free at VTB ATMs;
• Cash withdrawal limits: 300,000 per day;
• Validity period: 24 months.

For Visa cards, the terms of use and service are similar. Here it is necessary to clarify that overhead costs directly depend on the status of the plastic. For example, if you issue a Gold format card, the annual service increases to 3,000 rubles.

Multicard

This is a special offer from VTB, designed exclusively for pensioners. The card is adapted for citizens who receive social benefits.

The advantages of plastic can be expressed as follows:

• 
  Free service;

• Possibility of receiving up to 10% income on the balance upon activation;
• Cash can be withdrawn from VTB ATMs free of charge, and from self-service terminals of other banks; only 5,000 rubles can be withdrawn without commission;
• Free transfers between bank accounts;
• Overdraft option – bank assistance if there are insufficient funds in the account.

The disadvantages include the following:

• Cash withdrawal limits – no more than 125,000 per day;
• A fee is charged for checking the balance status in terminals of other banks;
• Paid PIN code change.

Multicards from VTB are consistently very popular, attracting attention with preferential terms of service and the opportunity to capitalize your savings, receiving a very good income on the balance. However, it is necessary to clarify that Multicards work in the MIR payment system, so it will not be possible to use them abroad. In addition, registration of plastic is available only to pensioners or other citizens receiving social benefits from the state.

How to control your funds?

A person has the right to receive a pension in another bank if he is not satisfied with the conditions of service in the current one.
The main thing is that the organization provides such an opportunity. The choice of cards is large - preferential, platinum, credit, debit, and so on. A special pension bank card is provided specifically for transfers from the Pension Fund. You can transfer your pension to any bank that works with the Pension Fund of the Russian Federation:

• UniCredit Bank;
• Sovcombank;
• Svyaz-Bank;
• Bank "Russia";
• Raiffeisen Bank;
• Promsvyazbank;
• Post Bank;
• OTP Bank;
• Credit Bank of Moscow;
• Gazprombank and others.

These banking structures can work with pensioners in accordance with Government Decree No. 761, developed in 2006, since the listed organizations meet the requirements specified therein.

VTB PF, like other Pension Funds, works with both private and corporate clients. Any VTB PF client gets access to a Personal Account on the VTB Pension Fund website and can see what is happening with his pension savings, as well as order reports by email and ask questions through the contact form.

The procedure is quite simple and does not take much time.

To transfer the funded part of your pension to the VTB non-state pension fund, you need to perform the following steps:

• Contact any of the VTB Bank branches or send an application through the official website of the organization;
• Write an application for transfer of the funded part of the pension to trust management;
• Support the application with the established package of documents;
• Notify the Pension Fund about the transfer of funds.

It should be noted that all of the above manipulations can be done in person or through a legal representative. In the second case, you will need a notarized power of attorney, which is added to the general package of documents.

If NPF VTB makes a positive decision on accepting the funded part of the pension for trust management, the applicant receives an SMS notification or a call from a representative of the non-state pension fund.

It should be clarified that if inaccurate information is found in the submitted documents, the NPF may refuse to transfer the funded pension.

To transfer the funded part of your pension, you will need only 2 documents:

1. Russian passport;
2. SNILS.

The application for pension transfer is written on a standard form, which is used for internal use by VTB Company.

If we consider the registration procedure directly, filling out the questionnaire takes no more than an hour. A decision on a citizen’s appeal is made within 5 days.

Here it is necessary to clarify that transferring the money supply takes quite a long time, so you should not expect that immediately after a positive decision is made, the funded pension will immediately move from the Pension Fund to the non-state fund.

According to the established rules, funds are transferred to trust management from January next year. For example, if a person decided to transfer his funded pension to VTB in March 2019, then the procedure will be completed only in January 2021.

Given this feature, you need to take a responsible approach to choosing a non-state pension fund. If you change the management company every year, there can be no talk of any return on investment. To make a profit, experts recommend keeping money in accounts for at least 5 years, after which you can return it to the Russian Pension Fund or choose another non-state structure with more attractive conditions.

Despite the rather attractive conditions, there are no ideal programs in this direction, so transferring the funded part of the pension to the VTB non-state fund has its own strengths and weaknesses.

Let's start with the benefits for future retirees. These include the following positive points:

• Participation in the insurance program is a government project that guarantees a refund if VTB unexpectedly loses its license;
• Trust - currently, about 30,000,000 citizens have already transferred part of their pension savings to this NPF;
• Reliability – confirmed by analysts of leading rating agencies;
• Control – you can monitor the increase in your savings and profits from investing funds through your “Personal Account”;
• Support – works around the clock and promptly answers customer questions;
• Inheritance - if a citizen was unable to live up to retirement age, the funds in the accounts are transferred to one of the relatives, the beneficiary is chosen by the investor himself;
• Additional income - profit from investments is added to the funded pension, which allows you to ensure a decent old age;
• Variable payments – currently, there are 4 ways to receive your savings.

Let us note that previously there was a pension co-financing program that allowed citizens to independently replenish their personal account. Currently, this practice has been suspended, and judging by the latest news, the government is not going to return to it, at least in the near future.

The VTB non-state pension fund also has some disadvantages.

For example:

• Official Internet resource - many users highlight inconvenient navigation and system failures that prevent access to the “Personal Account”;
• Notification system – “chain letters” arrive irregularly;
• Payments – long processing of applications for funds.

VTB's closest competitor in this area of ​​activity is Sberbank Non-State Pension Fund. This structure attracts attention with the transparency of investment schemes and the intuitive interface of the official website. However, unlike VTB, this structure cannot guarantee high profitability. In addition, a significant drawback of Sberbank is the frequent and unmotivated refusals to accept funds for trust management.

The most interesting thing is that the NPF does not notify potential clients about a negative decision, which creates a number of inconveniences for citizens.

Where is it more profitable to place a funded pension - in Sberbank or VTB

More than half of the shares of Sberbank and VTB are owned by the state, and therefore these institutions are both half state-owned. Both organizations are reliable and people trust them. Therefore, it becomes difficult to choose a non-state pension fund to place a funded pension. The advantages of Sberbank NPF include:

• ease of verification of account information;
• impressive banking experience;
• stable increase in citizens' funded pensions.

Among the shortcomings of Sberbank NPF, clients of the institution note the following points:

• refusal to conclude a contract for unknown reasons;
• low return on investment (funds are invested only in the most reliable projects with low interest rates).

The advantages of the VTB non-state pension fund are the following:

• the contract is concluded quickly and guaranteed, except in cases of forgery of documents and provision of false information by clients;
• VTB employees approach their work responsibly and provide all information on the account in a short time.

The disadvantage of VTB is that profitability is difficult to predict. Investors' money is invested in reliable and slightly risky enterprises, and therefore the “profit” on transactions is both at the level of inflation and significantly higher. Be that as it may, VTB is in the top ten most profitable organizations.

How to terminate an agreement with NPF VTB?

This procedure is carried out in an application form. To transfer a funded pension to another trust, you need to enter into an agreement with the Pension Fund or another non-state fund.

It should be clarified that the client is not obliged to report to VTB for this transaction and justify his decision in writing. When transferring a pension, the procedure is carried out on a general basis and involves the participation of the following documents:

• statement;
• SNILS;
• passport.

We remind you that it is better to transfer funds after at least 5 years in order to fully preserve investment income.

How to apply for a VTB social card?

Let's start with the fact that Russian citizens over the age of 14 can become owners of the Multicard. A prerequisite for obtaining plastic is to receive social benefits.

This income category includes:

• Old age or disability pensions;
• Survivor's benefit;
• Other social benefits available to certain categories of citizens.

To apply for a card, you need to contact any VTB branch, fill out an application form and submit the following package of documents to a bank employee:

• SNILS;
• Passport;
• TIN;
• Pension certificate or other document confirming the right to receive social benefits.

VTB social cards are convenient because the conditions for using plastic minimally limit the owner’s disposal of savings. For example, a pensioner will not have to specifically look for VTB ATMs to withdraw money without commission.

An amount not exceeding 5,000 rubles can be obtained from any ATM. In addition, such cards are convenient for paying utility bills and replenishing the balance yourself.

How to receive a pension from NPF VTB

When signing an agreement with the Fund, the pension payment scheme is specified. In accordance with these conditions, it is possible to choose one of the options for receiving money:

• Urgent payment. It is appointed for a certain time interval, at least 5 years.
• Lifetime payment. In this case, you will receive an NPP in the same way as an insurance pension assigned by the state.
• Until the money in the account is exhausted. The positive thing is that the pension amount remaining in your account will continue to generate income, because... will remain under investment. You can determine the size and frequency of payments yourself.

The fund is available for personal use in many regions. A complete list of contacts and addresses can be found at the link on the website https://www.vtbnpf.ru/vtbnpf/regional/ Each region has a separate phone number where you can ask questions.