The reform of the pension system, which started inThe Russian Federation, in developed foreign countries has existed for a long time and has proved its effectiveness. In our country, much is being done to improve the demographic situation. Measures taken by the state are yielding positive results already today. This is what makes pension insurance relevant for every citizen of our country. The increase in the number of the population, coupled with the growth of living standards, inevitably leads to the fact that until the old age, when everyone will need a pension, a large number of people will live. This gratifying fact carries with it the problem of material support of this category of persons. And so pension insurance is one of the most important issues that need to be addressed today.

For today there is a statemandatory pension insurance and non-state supplementary pension insurance. The first type of pensions is controlled by the state and is clearly regulated by existing legislation. And the second type of pension is quite variable, depends on various nuances inscribed in various types of contracts, and therefore does not yet cause much confidence among citizens. But over time legal ignorance will be overcome and additional insurance will also have their supporters.

Mandatory pension insurance isprerogative of the Pension Fund of the Russian Federation, which is the responsibility of the insurer. The insured can be organizations and citizens who employ citizens and make assessments and transfer them to the employee's account in the Pension Fund. All persons who regularly contribute part of their wages to the mandatory pension insurance fund are considered insured and have the right to a labor pension consisting of three parts: basic, insurance and funded. If the base part is formed from the state budget of the Russian Federation, the insurance and funded parts are financed by the Pension Fund of the Russian Federation.

Supplementary pension insuranceis carried out by non-state pension funds. Its mechanism is similar to funded insurance, only a citizen who signed an agreement on additional pension insurance transfers his funds to a company that has the right to invest in order to profit in his favor. These contributions can be non-recurrent, can be paid monthly, quarterly or once a year. Exactly the same way is made and payment, which is signed by the contract with the pensioner. The contract is long-term and can be extended up to 99 years. Today, a special Federal Law has been adopted, concerning non-state pension funds, which stimulated pension insurance in large companies, and also enabled citizens wishing to accumulate additional funds for old age to use separate programs. Payments at will a person can demand before the retirement age and get all the money due to him once.

Since pension insurance refers toGuarantees, which the state is obliged to give to each person living on its territory. Therefore, there is also that category of persons who has the right to receive a state pension. These include federal civil servants, military personnel, persons who for some reason do not have the opportunity to work, veterans of the Great Patriotic War, as well as citizens who have received damage to health as a result of man-made disasters or radiation exposure.