О добровольном страховании дополнительной накопительной пенсии

On voluntary insurance of an additional funded pension

In 2024, specialists of the Vitebsk regional office of the Social Protection Fund of the Population (the Fund) and the Committee for Labor, Employment and Social Protection of the Vitebsk Regional Executive Committee conducted large-scale information and explanatory work on the topic of voluntary insurance of an additional funded pension within the framework of Decree of the President of the Republic of Belarus of September 27, 2021 No. 367 "On voluntary insurance of an additional funded pension".

What makes the voluntary insurance system for an additional funded pension attractive to an employee?

There are several positive aspects:

  • by participating in voluntary insurance of an additional funded pension, citizens receive a simple and accessible way to increase their income in old age;
  • it is important that part of the employee's additional pension savings is formed through state funds;
  • the employee is entitled to a social tax deduction for the amount of insurance contributions paid by the employee for a future funded pension, i.e., an income tax benefit;
  • the possibility of inheriting pension savings;
  • guarantee of the safety of pension savings, as the state guarantees insurance payments under insurance contracts concluded with the Republican Unitary Insurance Enterprise "Stravita".

According to departmental reporting as of January 1, 2025, submitted by payers of the Vitebsk region to the Fund, 740 organizations in the region make insurance premium payments to RUISP "Stravita" to personal accounts of 4,350 employees participating in the new pension program of voluntary insurance of an additional funded pension with state financial support.

Among the regions of the oblast, the leaders in the number of employees with additional pension savings are:

Novopolotsk city - 1,313 participants;

Oktyabrsky district - 816 participants;

Orshansky district - 572 participants;

Polotsky district - 407 participants.

The top 5 enterprises whose employees are actively participating in the new pension program are:

JSC "Naftan" - 705 employees;

RUE "Vitebskenergo" - 242 employees;

JSC "Polotsk-Steklovolokno" - 150 employees;

UP "Vitebskoblgaz" - 145 employees;

RUE "Orsha Linen Mill" - 52 employees.

On voluntary insurance of an additional funded pension | Miory District Executive Committee