Un pension fund

Un pension fund and what features of the accumulation of pension in private pension fund?

 

Un pension fund. 1. Private pension funds can begin to accumulate funds at any age. Even children. Many parents open savings accounts for their children and begin to make money on them. The younger a person is, the smaller the amount you can make it as big time savings. Example. At birth, the child's parents to start saving $ 50 a month in a retirement account of the child. When a child grows up and starts to work himself, continuing to save 50 dollars a month, after 50 years with an average yield 10%, the pension from the accumulated sum of 800 thousand dollars. Although delayed is only 30 thousand dollars. More than 700 thousand dollars amount of interest. Even those who are already retired. Example. Male pensioners - former military, but continues to look for jobs. His military retirement, he shifts to the pension fund, but he lives on his current salary. Why did he do that? His son is working for twenty years, not officially, a builder. And does not want to think about the future. The father sees that his son threatened to remain without a penny when he can not work. My father decided to open a pension contract in favor of his son, and he makes money on it. After all, how poverty-stricken father sees his friends who have small pensions. But these men still have to feed my family. 2. Contributions to the pension fund can be made in any amount at any time. The regime of accumulation funds - voluntary. There is no minimum or maximum contributions. For example, you pay once a large enough amount, and these contributions will accumulate interest. Example. If you make once 10 thousand dollars in his retirement account, over 30 years with an average yield 10%, the pension from the accumulated sum of about 175 thousand dollars. 3. Receive a pension from private pension contributions for 10 years perhaps before the official retirement age in a country that is 50 years old, and can accumulate up to a ripe old age. 4. Under the law perhaps once a year to change its pension fund, if you do not like how it works. You can transfer all or part of the accumulated and increase the amount of any pension fund. 5. Annually to fund your e-mail address sends an extract from the results of their work over the previous year. Some of the most progressive funds enable each participant to his daily watch your retirement account. 6. The funds accumulated in private pension fund, are inherited in its entirety. This is an important difference from the state pension, which is not inherited. 7. All funds in the participant's account of the Fund shall be his property, no matter who makes contributions in this regard. Range of persons who may make contributions in this regard is very wide, they are: - Husband and wife in favor of each other; - Children and parents in favor of each other; - The employer for the benefit of its employee. If the participant resigned from the company, which contributed to his account pension contributions, these accumulated funds will still belong to the employee.

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