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OTP Pension – is an open non-state pension fund. It gives an opportunity to accumulate money for retirement age and to provide additional pension on reaching pension age. You may pay small amounts of money to an open pension fund “OTP Pension”, funds accumulate on your personal pension account, the investment result is accrued on your account and on reaching pension age, you receive your OTP Pension.
An exceptional kind of fund’s activity is non-state pension provision.
The transparency of Fund is that contributors can be all people, regardless of their place or occupation, as well as all legal entities that are planning to pay pension contributions in favor of their workers, irrespective of type of ownership and kind of entrepreneur activity.
Administrator of non-state Pension Fund – LLC “OTP Administrator of Pension Funds”. It is a legal entity, which provides professional services regarding administrating of non-state pension funds on terms of Ukrainian Law “About non-state Pension Provision”.
Assets Management Company – LLC AMC “OTP Capital”
Assets management is accomplished by “OTP Capital” Company that was registered in 26 July 2007. The founders of the company are Ukrainian OTP Bank and Hungarian Asset Management Company OTP Fund Management.
Custodian Bank – PGSC “Universal Bank”
Universal Bank is a part of Eurobank EFG Group that in its turn is a part of International Financial Organization EFG Group. It is the third Swiss Financial Group in size. EPG Group is presented in more than 30 countries world-wide. Headquarters are located in Genève.
Participation conditions of NPF “OTP Pension”
- Participants of non-state PF are citizens of Ukraine, foreigners and people without citizenship;
- Amount of pension contribution is determined by the participant independently;
- Periodicity of pension payment: monthly, quarterly, once in half a year, once in a year;
IMPORTANT! In case of impossibility to pay the current payments in time – no penalties are provided. Contributor may continue to pay pension contributions whenever there is such a possibility;
- Opening of Pension Account is free of charge;
- There is a possibility to receive 100 % of accumulated funds as a lump sum (if the amount of pension funds, at the time of reaching pension age, is less than 44 040 UAH.);
- The beginning of pension payments is set by the contributor( for male –from 50 to 70 years old, for female – from 45 to 65 years old);
- Period of pension payments is determined by the contributor. Minimum period of pension payments is 10 years (In according with the Legislation of Ukraine);
- Method of receiving pension funds: on OTP Bank account, in post office, on other bank account;
- Periodicity of receiving pension payments: monthly, quarterly, once in half a year, once in a year.
More detailed information may be found at: www.otppension.com.ua
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