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Main page Sustainable Development Social Policy Corporate pension plan and social support for veterans
Corporate pension plan and social support for veterans

The corporate retirement program of Rosneft implemented by NPF EVOLUTION allows employees, in addition to the insurance and funded pension, to form additional non-state pensions:

  • CORPORATE PENSION is a non-state pension generated at the expense of the funds of Rosneft or Group Companies transferred to a non-state pension fund under corporate pension agreements in the form of regular pension contributions and the income transferred by the non-state pension fund received from the placement of pension reserves.  
  • INDIVIDUAL PENSION is an additional non-state pension that was voluntarily formed in a non-state pension fund at the expense of the personal funds of an employee of Rosneft or a Group Company and the income transferred by the non-state pension fund.

In 2016, as part of the development of the corporate pension program, Rosneft adopted a new version of the Non-State Pension Coverage for Employees of Rosneft and Group Companies Version 3.00 Standard (hereinafter - the NPC Standard).

NPF EVOLUTION actively participated in the development of the new version of the NPC Standard, taking into account the best practice of implementing the program in the Companies of Rosneft Group. Increasing coefficients are planned to be applied for long-term work experience in the Company and participation in the individual pension scheme.

The NPC standard allows not only to increase the size of corporate pensions, but also creates conditions for a more active participation of young workers in the pension program.

Principles of corporate pension provision

Compensation principle Increase the social security of employees upon retirement by compensating for part of the earnings lost after leaving the Company.
Joint and several obligation principle The obligation to form a non-state pension is assumed by both the company and the employee. The size of a corporate pension depends on the worker's response obligation.
Single Company principle Single terms to obtain the right to a corporate pension are applied in all Group Companies.

 

The corporate pension system implemented by the Fund at the Company's enterprises is based on a scheme with lifetime pension payments.

The funds transferred by the employer to the employees’ registered pension accounts provide an opportunity for the Fund to guarantee its obligations to each individual participant in payment of a lifetime corporate pension.

Active Longevity Program

In addition to the development of corporate pension coverage for the Company's employees, the Active Longevity Program has been implemented since 2019, which is aimed at annual indexation of
already assigned corporate pensions. The Program includes the following activities:

  • One-off indexation of corporate pensions assigned before 2010 (inclusive);
  • Annual indexation of corporate pensions at the expense of the investment return of AO Non-State Pension Fund Evolution.

Personal pension coverage (PPC)

The PPC agreement is an agreement between the Fund and the employee, according to which the employee undertakes to pay pension contributions to NPF EVOLUTION, and the Fund undertakes to pay a personal pension to this employee.

In case a PPC agreement is concluded, in accordance with the NPC Standard, one is entitled not only to receiving an additional personal pension, but also to an increase in the size of his/her corporate pension.

Non-state pension provision for veterans

To increase the level of social security for workers who retired before the creation of the unified corporate pension system, a social support project for veterans is being implemented. Every year, the number of Group Companies participating in this project is growing.

The Fund seeks to continuously improve its pension provision and increase the social security of Rosneft employees after retirement.

More information about the Fund is available on the EVOLUTION website at http://www.evonpf.ru