RUSSIAN FEDERATION FEDERAL LAW On the performance of the Pension Fund Russian Federation for 2003 adopted by the State Duma on 15 April 2005 approved by the Federation Council on April 27, 2005 Article 1 Approve the performance report of the Pension Fund of the Russian Federation (hereinafter, the Fund) for 2003 on revenues of 843 140.8 million dollars. Revenue rose to $3.39 billion from $3.80 billion. The budget of the Fund for 2003 is as follows: law; 3) for 2003 pension expenditure in accordance with Annex 3 to this Federal Law; 4) on sources of internal financing of the Fund's budget deficit for 2003 in accordance with Annex 4 of the of this Federal Law; 5) on the income and expenditure of the budget of the Fund The creation of funds for the financing of the accumulative part of the labor pensions, in 2003 in accordance with Annex 5 to this Federal Law. Article 2 1. To determine the level of the Fund's budget as at 1 January 2004, equal to the balance of the Fund's budget as at 1 January 2004, with the exception of pension savings, and to establish it in the amount of $100,440.86 million. -Ruble. 2. The amount of $90,416.33 million as at 1 January 2004 would amount to $90,416.33 million. -Ruble. Article 3 1. To establish the amount of uncompensated federal budget arrears to the Fund for the payment of pensions and benefits, which are financed by the federal budget in accordance with the legislation of the Russian Federation. The budget for 2003 was $2,289.26 million. -Ruble. 2. Ensure that this uncompensated federal budget debt to the Fund is repaid in 2005. Article 4 Install, that insurance premiums on compulsory pension insurance received in the Fund's budget in 2002 and 2003 not included in the general and special parts of the individual personal accounts of the insured persons 2002 and 2003, due to the non-submission of individual (personalized) records, account is taken of the Fund's budget reserve of $15,666.32 million. -Ruble. Article 5 This Federal Law shall enter into force on the date of its official publication. President of the Russian Federation Vladimir Putin Moscow, Kremlin 9 May 2005 N 44-FZ _______________ Application 1 to Federal Law " Budget performance of the Pension Fund Russian Federation for 2003 Pension Fund budget revenues for 2003 ------------------------------------------------------------------- ¦ Code ¦ income (in thousands of US dollars) Tax revenues are estimated to be in the amount of 100,000,00 814,463.7 Insurance premiums in the amount of 100,000,842 814,463.7% of the total amount of insurance premiums. of the Russian Federation credited to the Pension Fund of the Russian Federation for compulsory 1010610 339 296 772.7 pension insurance for insurance part of the retirement pension Insurance contributions in the form of a fixed 1010611 1 927 928.8 payments to the Pension Fund of the Russian Federation Payment of insurance part of labor pension insurance contribution to compulsory 1010620 46 674 736.8 pension insurance, which are to pay the accumulative part of the pension insurance contribution in the form of a fixed 1010621 9443 410.6 payments, of the Russian Federation's Pension Fund for the payment of the accumulative part of the labour pension, calculated in the amount of 1030120 122 292.8 public extrabudgetary funds, penalties, other financial sanctions 1400310 11 849 322.0 Contributions to the Pension Fund of the Russian Federation 2000000 22 Revenues of the Pension Fund of the Russian Federation The amount of insurance premiums on the amount of the contributory pension of the Pension Fund 2090300 1 066 445.2 of the Russian Federation 300000 419 962 205.5 Subvention from other budgets of the budget 3020200 419 962 205.5 of the Russian Federation 205.5 Federation of Single Social Tax Funds, 3020221 368 238 274.6 federal budget, 30202,322,897.8 of the Russian Federation's Pension Fund in accordance with the law Russian Federation: Federal budget funds, 3020223 657 033.1 of the Russian Federation's Pension Fund by the Ministry of Labour and Social Development of the Russian Federation for the payment of pensions and benefits to the Pension Fund 3020224 745 000.0 Russian Federation from the Fund of the Ministry of the Russian Federation Federation of Atomic Energy ____________ Annex 2 to Federal Law "On Budget Execution of the Pension Fund of the Russian Federation for 2003" Russian Pension Fund budget expenditure for 2003 ------------------------------------------------------------------- Name-Cody Code-Cash Register + ------------------------ ¦ ¦ ¦ ¦ ¦ ¦ ¦ The Pension Fund 392 804 076 393.4 of the Russian Federation State 392 01 20 308 637.3 management and local self-government Functioning of the organs 392 01 08 20 308 637.3 State extrabudgetary funds of the Office of the United Nations Secretariat 3901 08 068 1 123 990.6 State extrabudgetary funds Currency 392 01 08 068 027 140 776.7 apparatus Maintenance expense 392 01 08 068 029 948 488.6 machine Other expenses, not 392 01 08 068 397 34 725.3 attributed to other expenses attributable to Territorial entities 392 01 08 069 19 184 646.7 public extrabudgetary funds Currency 392 01 08 069 027 10 921 679.7 machine Maintenance costs 392 01 08 069 029 6 032 109.4 machine Other expenses, not 392 01 08 069 397 2 230 857.6 attributed to other expenses International 392 3 372.6 activities International 392 03 01 3 372.6 collaboration Collaboration costs 392 03 01 131 3 372.6 international activity Other expenses, not 392 03 01 131 397 3372.6 attributed expenses Basic 392 06 0.0 research and promotion of scientific and technological progress Developing perspective 392 06 02 0.0 technologies and focus areas scientific and technical Progress R&D 392 06 02 281 0.0 Other R&D 392 06 02 281 216 0.0 Industry, 392 07 1 029 865.2 energy and construction Construction, 392 07 07 1 029 865.2 architecture State 392 07:313 1 029 865.2 capital investments State 392 07313 198 1 029 865.2 fixed investment on non-refunnable Education 392 14 31 207.4 Repreparation and 392 14 05 31 207.4 advanced qualification Service costs of 392 14 05 400 31 207.4 education Institute for the Development of 392 14 05 400 269 31 207.4 Social Policy 392 18 782 703 310,9 Pension Security Service 392 18 10 782 703 310.9 Expenses of the Pension Fund of the Russian Federation compulsory pension insurance Payment of the base part 392 18 10,540,900,826 218.1 of the labour pension payment of the insurance part 392 18 10 540 901 454 678 167.5 retirement pensions, benefits and pensions 392 18 10 540 902 263 365.8 Citizens who have left for permanent residence outside the Russian Federation for the payment of pensions 392 18 10 541 51 637 659.1 State pension benefits 392 18 10 541 902 47 354.3 citizens who have emigrating for permanent residence outside the Russian Federation Payment of pensions and allowances financed from the federal budget for payment of pensions and benefits 392-18 10 541 911 1 068 432.9 for other categories of citizens Expenses of the Pension Fund of the Russian Federation pensions and benefits from funds transferred to the Fund by the Ministry of Labour and Social Development Russian Federation Payment of pensions, 392 18 10 542 912 6774 681.5 pre--paid citizens, recognized as unemployed, Benefits for the Pension Fund of the Russian Federation Repayment of pensions 392 18 10 543 913 609 174.4 members of flight crews of civil aviation aircraft in the payment of additional 392 10 543 914,756 508.9 monthly lifetime supply to employees of the nuclear weapons complex of the Russian Federation of the Russian Federation for the provision of social assistance to the expenses of the Pension Fund of the Russian Federation. Federation Other expenses 392 18 10 545 919 1 280 699.1 of the Pension Fund of the Russian Federation Other expenses 392 18 10 546 919 152 001.6 of the Pension Fund of the Russian Federation related to other types of expenses ____________ Annex 3 to Federal Law "On Budget Execution of the Pension Fund of the Russian Federation for 2003" Cost of the 2003 Pensions ------------------------------------------------------------------- Name of the Cash Register ¦ The Pension Fund of the Russian Federation (Pension Fund) plans to retire at the age of 63. Payment of the basic part of the labor pension, total 267,826 218.1 , including: the payment of the basic part of the labor pension 264 339 382.6 costs for the delivery of the basic part of the labor pension :: Retirement pensions, benefits 454,678 167.5 and compensation, all , including: Reinsurance part of the employment pension, 447 058 911.3 compensation for the disabled 350 985.7 care for the incapacitated persons who are unable to work Work Pensions to pay social benefits for burial and 1,611 036.6 provision of funeral services according to guaranteed list of these services pension and benefits delivery costs 5 657 233.9 3. Payment of pensions to citizens who left for permanent 263 365.8 residence outside the Russian Federation, all : base part of retirement pension 82 755.6 285.3 Payment of pensions set out in accordance with 17 813.8 Supreme Soviet of the Russian Federation Order No. the existing laws of the USSR, citizens, who left for permanent residence for border " payment of pensions in accordance with Provisional 4,511.1 agreement between the Government of the Russian Federation and the Government of Ukraine { \cs6\f1\cf6\lang1024 } { \cs6\f1\cf6\lang1024 } { \cs6\f1\cf6\lang1024 } { \cs6\f1\cf6\lang1024 } { \b } { \cs6\f1\cf6\lang1024 } { \cs6\f1\cf6\lang1024 } { \b } { \cs6\f1\cf6\lang1024 } { \cs6\f1\cf6\lang1024 } { \b } security part of the work pension 1 340.9 Pensions 3,170.2 II. Payment of pensions by State pension 51 637 659.1, 1. Payment of pensions to citizens who left for permanent 47 354.3 workers outside the Russian Federation of them are pensioners of the Ministry of Defense of Russia, the Ministry of Internal Affairs of the Russian Federation, 36,822.0 of the Federal Security Service, the Federal Security Service, the Central Information Department of the Ministry of Justice of the Russian Federation, the State Customs Committee of Russia. Russia 2. Payment of pensions under the public pension 50,521 871.9 support, benefits and compensation funded from the federal budget, including: invalidity pensions for military personnel who have become disabled 6 185 156.9 Persons with disabilities resulting from military injury Pensions for military personnel disabled during the period 921 277.9 of the military service on the call survivor's pension for 374 036.1 military personnel Loss of breadwinner for parents of 647 519.8 surviving servicemen of the Great 12,443 299.3 Patriotic War participants of the surviving spouse's pension for widows 2 152 631.8 soldiers killed in the war with Finland Great Patriotic war, war with Japan social pensions 22,423,130.7 pension provision of citizens, victims 4,375 90,7 as a result of the disaster at the Chernobyl nuclear power plant, and equivalent citizens, as well as citizens affected by other radioactive and man-made disasters additional lifetime monthly 4,059.5 material support to Heroes of the Soviet Union, Heroes of the Russian Federation and full cavaliers of the Order Glory to the Great Patriotic War War payment of monthly payments to state 1 058.4 pensions of citizens of the Russian Federation covering Committee of the Economic Union and Interstate Statistical Committee of the Commonwealth of Independent States , in the apparatus of the Executive Committee of the Union of Belarus and Russia and in the Secretariat Parliamentary Assembly of the Union of Belarus and Russia offset payments of non-working 285,892.6 able-bodied citizens who are unable to work who receive pensions from the federal budget Social allowances for burial and 56582.8 provision of burial services according to guaranteed list of these services costs for the delivery of pensions and benefits 651 325,4 3. Payment of pensions and benefits to other categories 1 068 432.9 citizens, all , including: payment of monthly fees to public 1 062 325.9 to persons who covered the state posts OF THE RUSSIAN FEDERATION AND THE RUSSIAN FEDERATION, OF THE RUSSIAN FEDERATION OF THE RUSSIAN FEDERATION OF THE RUSSIAN FEDERATION THE RUSSIAN FEDERATION Achievements and Special Merit to the Russian Federation, Monthly Staff members international organizations of the United Nations system costs of delivery of these payments 6 107.0 III. Expenditures of the Pension Fund of the Russian Federation 674 681.5 for the payment of pensions and benefits from funds transferred to the Fund by the Ministry of Labour and Social Development of the Russian Federation Unemployed, benefits, all , including: the payment of early retirement benefits 666,735.7 recognized unemployed to the payment of social benefits for burial and 181.4 Funeral services according to guaranteed list of these Services costs for the delivery of pensions and benefits 7 764.4 IV. Expenditures of the Pension Fund of the Russian Federation 1 365 683.3 for supplementary pension provision 1. Payment of pre-payment to aircrew members 609,174.4 civil aviation aircraft of them for the delivery of the said supplement 5 055.4 2. Payment of an additional monthly lifetime of 756,508.9 for employees of the nuclear weapons complex of the Russian Federation of them for the delivery of specified 6 698.5 Total expenses 776 445 775.3 ____________ Annex 4 Federal Act "On the execution of the budget of the Pension Fund" Russian Federation for 2003 sources of internal financing of the budget deficit of the Pension Fund of the Russian Federation for 2003 ------------------------------------------------------------------- The Name of the Internal Code Source Code-Amount of funding the budget deficit of the budget. Russian Federation's Federation ¦ Pension Fund-Russian Federation ¦ of the Russian Federation of the Russian Federation at the beginning of the period Fund balances under the financial reserve 11011 113 850 89.1 of the Pension Fund of the Russian Federation at the beginning of the reporting period Fund balances of the Pension Fund 11020 190 857 192.5 Russian Federation at the end of the reporting period Fund balances of the financial reserve 1,11021 100 440 864.7 of the Fund of the Russian Federation at the end of the reporting period Pension Fund: 11022 90 416 327.8 of the Russian Federation at the end of the reporting period ____________ Application 5 to Federal Law "On Execution of the Pension Fund of the Russian Federation for 2003" Revenues and Budget Costs of the Pension Fund fund of the Russian Federation associated with the formation of funds for financing of accumulative part of pensions, for 2003 ------------------------------------------------------------------- Name cassowry execution ¦ ------------------------------------------------------------------- Pension Savings on 38,972 867.9 on 1 January 2003, total of including: pension savings as at 34 485 237.9 1 January 2003, aimed at temporarily placing the types of assets in the Russian Federation's permitted legislation of them: insurance contributions to the accumulative part of the labour market 33 378 177.9 The Fund in 2002 funds the financial result, 1 107 060.0 received from the Fund's interim allocation of the pension savings funds established in 2002. Part of the labour pensions not allocated for temporary accommodation as of 1 January 2003, relating to the creation of funds for the amount of 52,759,616.1 of the funding of the accumulative part of pensions, all including: from insurance premiums, 48 886 200.3 to the Fund in 2003 of them: insurance contributions to the savings portion of the labor 46,674,736.8 pension insurance premiums in the form of a fixed payment on 943 410.6 accumulative part of the labor pension funds that make up the financial result, 1,268,052.9 received from the Fund's temporary arrangement of the Pension Savings Fund, formed in 2003 869 527.9 Savings of 2002, all of them: financial result, 3 869 527.9 received from temporary disposition of funds pension savings formed in 2002 year of banks 3 887.9 Costs related to By forming the funds for 1 280 699.1 of the funded part of the labor pensions, all including: funded from the Pension 836 700,7 savings of 2003 of them: charge, Temporary 13 396.5 2003 years in 2003 transfer of pension savings funds, 0.0 formed in 2003 to temporary placement in permitted legislation Russian Federation Federation of asset types paid coupon income 823 304.2 financed from pension savings account 443 998.4 2002 of them: charge for special 331 605.0 part of individual personal accounts of insured persons, by providing for the formation of the pension savings and payment of savings part of the labor pensions costs related to the temporary 10,050.1 placement of funds that make up the financial system { \cs6\f1\cf6\lang1024 } { \cs6\f1\cf6\lang1024 } { \cs6\f1\cf6\lang1024 } { \cs6\f1\cf6\lang1024 } { \cs6\f1\cf6\lang1024 } { \cs6\f1\cf6\lang1024 } { \cs6\f1\cf6\lang1024 } { \cs6\f1\cf6\lang1024 } { \cs6\f1\cf6\lang1024 } savings from pension savings (as of as of 1 January 2003), as well as the funds that make up the financial result obtained in 2003 from the temporary Pension Savings Fund, which was established in 2002, for { \cs6\f1\cf6\lang1024 } { \cs6\f1\cf6\lang1024 } { \cs6\f1\cf6\lang1024 } { \cs6\f1\cf6\lang1024 } { \cs6\f1\cf6\lang1024 } Transfer { \cs6\f1\cf6\lang1024 } { \cs6\f1\cf6\lang1024 } { \cs6\f1\cf6\lang1024 } { \cs6\f1\cf6\lang1024 components of the financial result, 0.0 received from Temporary Fund of the Fund Pension Savings Fund (as of 1 January 2003), for transmission to managers companies paid coupon income 102 343.3 Exchange differences -35 457.1 Pensions of pension savings as at 90 416 327.8 on 1 January 2004, all including: pension savings generated by 0.0 insurance contributions to the cumulative part of the labour Pensions admitted to the Fund in 2002 transferred by the Fund Manager { \cs6\f1\cf6\lang1024 } Savings { \cs6\f1\cf6\lang1024 } { \b } { \b } { \b } { \b } { \b } { \b } { \b } { \b } { \b } { \b in Russian Federation's asset types pension savings formed in 2003 41 548 612.1 years aimed at temporary accommodation in allowed of the Russian Federation fund balance related to the formation of the 8 110 924.5 funded portion of labor pensions not transferred to temporary accommodation as of 1 January 2004 ____________