TATNEFT Has Launched a New Corporate Pension Program
1 мартаThe partner for the implementation of the new CPP is JSC National Non-Governmental Pension Fund , which has been the basis for the formation of the non- governmental pension for employees of PJSC TATNEFT for more than 20 years.
The fundamental differences of the new pension program will, inter alia, include obtaining of the financial support from the employer in a larger amount and from the very first day of participation. The corporate pension will be formed at the expense of the employee s personal contributions, deductions of the Company and the investment income from the National NPF.
The CPP of TATNEFT provides for flexible and relevant conditions for young and progressive employees. The employees younger than 33 years of age who are innovative and display activity will be able to receive the accumulated savings together with the employer s deductions and investment income within 5 years already.
In addition, the employees will be able to independently determine the amount and timing of contributions, as well as the term of the pension payment. The information about the account status will be available in the user s personal account on the Fund s website.
The introduce developments provide for increasing the pension guaranteed amount for the for workers.
A transition period has established for the employees who form a pension under the current program. All previously accumulated funds will continue to be invested and will be taken into account when determining and paying the corporate pension.
Nail Maganov, General Director of PJSC TATNEFT:
The non-governmental pension provision for employees is an important area of our Company s social policy. At the current difficult time, the Company provides special support to our employees both active and retired. We expect that thanks to the updated corporate pension program, we will be able to significantly improve the quality and standard of living of our employees when they retire for a well-deserved rest.
Irina Akopdzhanova, General Director of JSC National NPF :
The partnership with TATNEFT in the implementation of such a socially important challenge is an honor for our Fund. Applying our joint efforts, we have created a corporate pension program that is essentially the ecosystem part of our key shareholder, taking into account the interests of all categories of the employees. The program makes it possible to achieve a replacement rate of lost earnings in the future in the amount of more than 50 and maintain a standard of living that will meet not only basic needs, but also the needs for high-quality treatment, recreation, and financial independence. The young and ambitious employees will meanwhile generate the capital for important and large financial goals in the near future.
JSC National NPF is one of the largest intersectoral non-state pension funds, founded in April 1997 following the initiative of PJSC TATNEFT and PJSC ZENIT Bank. Subsequently, there were PJSC Nizhnekamskneftekhim, PJSC Kazanorgsintez, JSC Tatenergo and other companies, which joined the initiators. The Fund has been successfully implementing a corporate pension program for employees of the TATNEFT Group and other shareholders of the Fund for many years.
The Fund has an exemplary professional reputation, confirmed in 2020 by the rating of financial reliability at the level of ruAA High level of reliability , forecast Stable of the Expert RA RAEX agency. The Fund s assets value exceeds the amount of RUB 44 billion.
On March 9, TATNEFT received the confirmation of the Company s active status as a member of the UN Global Compact following the first-year results of joining the largest international initiative on the sustainable development.
Notification of change of depositary