"Aval" bank offers all its corporate clients to take part in development of non-governmental pension provision system, in particular by means of creation of corporate pension funds.
Corporate non-governmental pension fund is created for accumulation of pension contributions in favour of employees of the company and according to legislation it does not need formation of statutory fund.
Advantages for employer:
image of employer showing concern not only for today’s well-being of his employees but for their future;
carrying-out of more flexible personnel policy by means of different deductions from employees’ earnings in favour of them (for example, depending on length of service at the company);
possibility of attraction and motivation of highly-qualified personnel;
stimulation of employees to improve the quality of work;
possibility to obtain additional investment resources by means of investing fund’s assets in own securities, other financial instruments;
optimization of tax payments.
Advantages for employees:
additional guarantees of material security after retirement (amount of pension will depend on the amount of insurance premiums, term of accumulation of premiums and investment income from premiums);
taxation on preferential terms;
acquiring property rights on pension assets (accumulated pension funds including contributions made by employer and participant as well as investment income obtained from them) with right to demise.
image of employer showing concern not only for today’s well-being of his employees but for their future;