NPF of Sberbank: Russians would like employers to pay corporate pension

• 78% of Russians would like to have a corporate pension
• 36% of respondents want a corporate pension topping RUB30k
• 51% say a corporate pension plan would be a nice perk of the employee benefits package, but it's not decisive when choosing a job

February 19, 2020, Moscow - Most Russians (78%) would like to have a corporate pension in addition to their state pension, according to a survey carried out by NPF of Sberbank and Rabota.ru employment website. Only 10% of respondents can have corporate pension plans as part of their benefits packages.

As much as 32% of the Russians polled claim they are aware that some entities in Russia include corporate pension plans in their employee benefits packages. As much as 20% say they are already building up their pension savings with their employers.

Seventy-eight per cent of respondents would like to enjoy payments from their former employers on top of the state pensions. As much as 36% of respondents expect the monthly payments to top RUB30,000; 20% would like to get RUB20,000 to RUB30,000; 19% expect RUB15,000 to RUB20,000; 14% seek RUB10,000 to RUB15,000; and only 11% would be satisfied with the monthly corporate pension of under RUB10,000.

Meanwhile, for most of the respondents (51%) a corporate pension plan is nice feature of the employee benefits package that doesn't affect their employer choice. Twenty-seven per cent don't think this is crucial when choosing a job, 13% claim it's a decisive factor among other ones; while 9% say it's one of the determining factors to pick an employer.

Alexander Zaretsky, CEO, NPF of Sberbank,

'In most mature economies pensions provided by employers, either fully or partially, account for 30% to 50% of a person's pension on average. The benefits of corporate pension plans are clear both for the employer and for the employee - the worker will be guaranteed social protection when reaching the age of well-deserved rest, while the company obtains a personnel motivation tool to retain highly-qualified talent or rotate staff.'

NPF of Sberbank offers its customers a wide range of corporate plans, tailoring individual programs for each entity depending on a company's goals and possibilities. NPF of Sberbank's corporate pension plans are part of employee benefits packages with the biggest socially responsible employers in Russia, including Aeroflot, Volvo Car Russia, All-Russian Scientific Research Institute of Experimental Physics, Expocenter, and many more. Over 240,000 people enjoy corporate pension plans provided by NPF of Sberbank.

Alexander Veterkov, Deputy CEO, Rabota.ru,

'We see Russian job seekers' priorities changing. According to ourstudy, even now Russians put a company's stable position above its paychecks. Nearly half of the respondents (44%) said in March 2019 that the crucial items on their perfect job list include an employee benefits package and perks. The importance of these factors will keep climbing in the next few years and employers will have to adjust and follow the trend to attract and retain qualified talent.'

The poll was conducted in February 2020 among economically active population aged above 18. The sample included 2,500 respondents from all districts of Russia.