How beneficial are corporate pensions for companies?
Firstly, it is a saving on social contributions, the size of which in the IT industry is 14%, and in other areas can reach 30%. By increasing the salaries of employees, the company expands the base for deductions. If it directs the same amount to corporate pensions, this will save a third of the cost of wages, since deductions to social funds do not apply to the KPP.
Secondly, contributions under the KPP are not brazil mobile number list subject to personal income tax, which allows reducing the taxable base for income tax by 20% by including these deductions in "expenses". In addition to tax benefits, this provides the employer with a tool for long-term motivation of employees.
Nowadays, many specialists change jobs every 2-3 years, and this does not always suit employers, especially in industries where competition for highly qualified specialists is very high.
How does the corporate pension payment work?
The money is transferred to the employee's pension account before he or she retires. The contributor then draws up a letter of instruction and provides the necessary documents to the pension fund, which begins making payments.
To receive his share of the payments, the employee must provide the pension fund with:
copies of passport;
a copy of the work book;
a copy of the pension certificate or other document confirming the right to receive pension savings;
questionnaire of an individual.
How can an employer understand what budget to allocate for corporate pensions?
There are two ways to estimate a company's required expenses for corporate pensions.
The first method is based on calculating the contributions to future pensions for each category of employees and determining the desired amount that the employee should receive in old age.
Example. Let's take for a preliminary calculation the size of a corporate pension of at least 2,000 rubles per month. Based on this, we will estimate how much money and for what period of time should be transferred monthly so that the employee, upon retirement, receives exactly this amount every month for 10 years (the average life expectancy).
We make lists of employees by category, count the number of employees and multiply by the amount of deductions made per employee in each category. This way we get the amount of expenses per month and per year.
The second way is to determine the total amount that the company is willing to allocate to corporate pensions without jeopardizing its financial position, and distribute this amount among employees. We determine how many people are in each category, divide the total by all, and get the average payment that the company makes for each employee.
Investing in a corporate pension plan can be a more profitable solution, as it provides a reliable financial instrument with low risks and can serve as an additional incentive to maintain employee loyalty.Begin form