Pension system participants can receive information about their Funded pensions via Account operators, "MY ACCOUNT" webpage and ATM. For receiving this information Participants can present below mentioned applications:
- Application for receiving pension account statement
- Application for receiving pension account balance report
- Application for receiving pension account balance for choosing pension program
- Application for receiving information on pension account (annual report for previous year)
Participant has an opportunity to receive information of his/her pension account as of certain period. It contains information about contributions paid by participant and government, pension fund units operations and fees, person name making contribution in favor of participant, amount of fund units, unit value and etc.. In order to receive the information participant should present "Application for receiving pension account statement".
Receiving pension account balance report
Participant can receive information of his/her pension account as of certain day particularly, the name of pension fund (from which participant acquires fund units), amount of participants fund units, NAV per share, total amount in AMD. In order to receive the information participant should present "Application for receiving pension account balance report".
Participant who has been given the right to receive pension may receive report on his/her pension funds, total asset value and monthly amount of money in case of conversion of participants funded pensions into equal monthly contributions. Based on that participant chooses appropriate method of receiving pension. In order to receive the information participant should present "Application for receiving pension account balance for choosing pension program".
Funded Pension system participant can receive his/her pension account report once a year in a free basis either electronically or in paper form. TO receive it electronically, participant can present any application mentioning the method of receiving and the e-mail. Annual electronic reports are presented to participants until participant gives an application for not receiving or for receiving it by mail. Participant can decide to receive or to terminate receiving of information by submitting "Application for receiving information on pension account (annual report for previous year)".
If participant doesn't choose any method, the report is sent via mail to an address presented by employer or to an address submitted in advance in the system, but only for the first year.
Annual report includes information of participants pension account, particularly the contributions made by participants for accounting period, payments made by governments, name of person that made payments in favor of participant, period for making payments, participants pension fund units at the beginning and at the end of accounting period, NAV per share and total value of fund units, the annual yield for each fund, fund units transactions (acquisition, exchange and redemption of units) made during the accounting period.
Participant receives information about his/her pension account balance and the last ten operations made by pension account.