Kola Mining and Metallurgical Company has won the regional stage of the Best Insurer (compulsory pension insurance) competition hosted by the Pension Fund of the Russian Federation for its performance in 2015.
The competition has been hosted by the Pension Fund of Russia since 2011. Its main goal is to improve social responsibility of employers and their engagement in the process of raising pension benefits for their employees.
Kola has confirmed its standing as a responsible employer among enterprises with a headcount of over 500 persons. The main criteria that comprised the competition: payment of deduction to the pension system in full, on-time submission of personalized accounts, and registration of 100% of the staff in the system.
A key factor considered by the panel was a lack of any claims by the insured persons against their employer with regard to violation of the pension laws.
In addition to the compulsory program, the company is also running a supplementary one: co-funded pension plan, which sees the retirement accounts of program participants receive additional premiums paid by Kola. (Norilsk Nickel/Ukrainian metal)
