Sberbank of Russia OJSC, on behalf of Sberbank NPF, its non-state pension fund subsidiary, offers owners and/or executives of business of any form of incorporation and sector corporate pension programs based on non-state pension security agreements for employees.

Such corporate pension programs (CPP) are a combination of modern social policies, effective financial, tax and HR management and they also promote improved quality and increased performance, and decreased costs of training of highly skilled staff.

Sberbank NPF can develop a customized Corporate Pension Program for your company that takes the special features and financial resources of your business into account.

Main stages of the CPP creation:

Stage 1: Employer:

• Selects parameters and principles of CPP implementation (the employee's parity contributions or only the employer's contributions, method of payment and sources of pension contributions, type of pension - lifelong or limited, heritable etc).
• Defines employee categories and terms of their CPP involvement.
• Creates the internal regulation and other documents that regulate the CPP.

Stage 2: Sberbank of Russia and Sberbank NPF:

• Provide information support at all stages of CPP creation.
• Make the necessary calculations based on data received from the Employer.
• Provide assistance in developing internal CPP regulations.

Stage 3:

• The employer and Sberbank NPF enter into an agreement for non-state pension security in favor of the company's employees based on CPP parameters.
• The employer makes contributions as defined in the CPP agreement.
• Sberbank NPF:
• Invests pension contributions as required by laws, generates and adds income (at least 85% of income so generated) to the employer's pension contributions.
• Pays out non-state pension to employees as set out in the CPP agreement and applicable laws.
• Staff of Sberbank NPF has vast experience in developing and implementing corporate pension programs since 1995. 600 companies implement their corporate pension programs together with the Sberbank NPF.
• Sberbank NPF will develop the most suitable pension program in line with the individual wishes and special features of each business.
• Currently, the government suggests that socially responsible businesses take care of their employees' pensions and, to that end, offers employers certain tax preferences such as:
• Pension contributions in favor of employees may be included in costs when calculating the taxable base for corporate profit within 12% of labor remuneration costs under agreements that involve personalization of pension contributions (Article 247 of the Russian Tax Code).
• Pension contributions in favor of employees are not subject to personal income tax (Article 213.1 of the Russian Tax Code).
• Pension contributions are not included in the base for assessment of insurance contributions to PFR.