| EEU countries |
Economical mechanisms of the pension protection system for population |
| State pension provision |
Compulsory pension insurance |
Non-state owned pension insurance |
| Republic of Armenia |
Pensions types: social pensions, labour pensions Financing: state budget |
Pension types: compulsory funded pensions.Financing: insurance payments by population + investment income (income is assured by disposal of cumulated payments in the financial markets by a managing company)Note: managing pension cumulation is allowed to 2 companies PLC “AMUNDI-ACBA ASSET MANAGEMENT” and LLC “Ce-Quattrate Ampega Asset Management Armenia” |
Pensions: self-imposed funded pensions.Financing: insurance payments by population + investment income (income is assured by disposal of cumulated payments in the financial markets by a managing company) |
| Republic of Belarus |
Pensions types: social pensions, labour pensions Financing: state budget |
Pension types: occupational pensionsFinancing: insurance payments by a certain group of population + investment income (income is assured by disposal of cumulated payments in the financial markets by a managing company)Note: managing pension funds is allowed only to Social Protection Fund of Ministry of Labour and Social Protection of the Republic of Belarus |
Pension types: self-imposed funded pensionsFinancing: insurance payments by population + investment income (income is assured by disposal of cumulated payments in the financial markets by a managing company)Note: funded pensions organization is only possible in insurance companies |
| Republic of Kazakhstan |
Pension types: standard pension.Financing: state budget |
Pension types: occupational pensions.Financing: pension tax, professional pension tax by population + investment income (income is assured by disposal of cumulated payments in the financial markets by a managing company)Note: managing pension funds is allowed only to Common Pension Savings Fund |
Pension types: self-imposed funded pensions Financing: insurance payments by population + investment income (income is assured by disposal of cumulated payments in the financial markets by a managing company)Note: managing pension funds is allowed only to Common Pension Savings Fund or Self-imposed Pension Savings Fund |
| Kyrgyz Republic |
Pension types: social pensionFinancing: state budget |
Pension types: basic insurance and funded pension.Financing: basic pensions by the state budget (for a certain group of population); insurance and funded pension by pension tax of population + investment income (income is assured by disposal of cumulated payments in the financial markets by a managing company)Note: managing pension funds is allowed only to State Pensions Saving Fund |
Pension types: self-imposed funded pensions Financing: insurance payments by population + investment income (income is assured by disposal of cumulated payments in the financial markets by a managing company)Note: at the moment of the study there was only one non-state pension fund “Kyrgyzstan” |
| Russian Federation |
Pension types: social pension, pensions for certain groups of population.Financing: state budget |
Pension types: basic insurance and funded pension.Financing: insurance payments by employers for their emploees + investment income (income is assured by disposal of cumulated payments in the financial markets by a managing company)Note: managing pension funds (only funded part) is allowed only to Pension Fund of Russia and Non-State pension Fund |
Pension types: self-imposed funded pensions Financing: insurance payments by population or employers + investment income (income is assured by disposal of cumulated payments in the financial markets by a managing company) |
