OREANDA-NEWS. April 10, 2007. A non-state pension power energy fund of JSC “IDGC of Center and North Caucasus” has been operating for over a year.  It has been set up to provide non-state pension benefits (NPB) and for different categories of employees, reported the press-centre of  JSC “IDGC of Center and North Caucasus”.

The non-state pension benefit is an essential element of the social package, which is provided by the company to its employees to assure social protection during the working career and afterward. 

One more “Parity” pension benefit scheme was started in JSC “IDGC of Center and North Caucasus”, which allows employees to save money for further pension payments together with the employer. For example, the employee makes monthly deposits to the pension fund, and the same amount is deposited by the employer. Say, by investing 300 rubles, the employee is practically depositing 600, becoming the owner of 2 accounts: the money is transferred to one account by the employee, and to the other by the company.

55 RAO “UES of Russia” companies are among the founders of the pension fund. The pension reserve comprises 8 512 437 thousand rubles, pension accruals - 544 924 thousand rubles, annual pension contributions - 3 331 689 thousand rubles, number of members - 399 373, number of people drawing pensions - 39 645, pensions paid in a year - 446 660 thousand rubles.

Presently the fund activity has outgrow the power energy industry: JSC RAO “UES of Russia” Directorate approved the “Fund Activity Concept for 2003-2004”. The program’s main objective is to draw new members from different industries.