Focus on caring for the future
The voluntary insurance program for additional funded pensions with state financial support, approved by Decree of the President of the Republic of Belarus No. 367 of September 27, 2021 "On Voluntary Insurance of Additional Funded Pensions," is gaining popularity in the Vitebsk region.
As of the beginning of 2026, 877 enterprises and organizations have joined the program, and the number of employees building up their savings has exceeded 8,580 people.
Among the leaders are such giants as OJSC "Naftan," RUP "Vitebskenergo," and OJSC "Polotsk-Steklovolokno."
How to participate in the voluntary insurance program for additional funded pensions?
To become a participant, you need to:
- conclude an insurance contract with the state enterprise "Stravita" (if there are at least 3 years remaining until the general retirement age);
- choose a pension contribution (insurance premium) rate;
- choose the payout period for the additional funded pension after retirement – 5 or 10 years;
- submit an application to your employer for deduction of contributions.
The voluntary insurance program for additional funded pensions has a number of advantages!
For employees:
- additional income during the pension period;
- accumulation of a portion of savings (up to 3% inclusive) at the expense of the state (transferred from the Social Protection Fund budget);
- receiving a social tax deduction on the amount paid by the employee (up to 10% inclusive);
- inheritance of funds under the additional funded pension insurance;
- state guarantee of the safety of pension savings;
- possibility to change the insurance premium rate, both upwards and downwards;
- possibility to suspend participation in the pension savings program.
For legal entities whose employees participate in voluntary funded insurance:
- insurance contributions are included in the cost of production and sale of products, goods (works, services) taken into account for taxation;
- contributions to state social security to the FSSN budget are not paid on the amount of insurance contributions at the employer's expense;
- the absence of an additional financial burden (insurance contribution for an additional funded pension paid by the employer for an employee to GP "Stravita" within 3%) is compensated by a reduction in the mandatory insurance contribution rate for pension provision payable to the FSSN budget).
Vitebsk Regional Department
of the Social Protection Fund of the Population
of the Ministry of Labor and Social Protection
As of the beginning of 2026, 877 enterprises and organizations have joined the program, and the number of employees building up their savings has exceeded 8,580 people.
Among the leaders are such giants as OJSC "Naftan," RUP "Vitebskenergo," and OJSC "Polotsk-Steklovolokno."
How to participate in the voluntary insurance program for additional funded pensions?
To become a participant, you need to:
- conclude an insurance contract with the state enterprise "Stravita" (if there are at least 3 years remaining until the general retirement age);
- choose a pension contribution (insurance premium) rate;
- choose the payout period for the additional funded pension after retirement – 5 or 10 years;
- submit an application to your employer for deduction of contributions.
The voluntary insurance program for additional funded pensions has a number of advantages!
For employees:
- additional income during the pension period;
- accumulation of a portion of savings (up to 3% inclusive) at the expense of the state (transferred from the Social Protection Fund budget);
- receiving a social tax deduction on the amount paid by the employee (up to 10% inclusive);
- inheritance of funds under the additional funded pension insurance;
- state guarantee of the safety of pension savings;
- possibility to change the insurance premium rate, both upwards and downwards;
- possibility to suspend participation in the pension savings program.
For legal entities whose employees participate in voluntary funded insurance:
- insurance contributions are included in the cost of production and sale of products, goods (works, services) taken into account for taxation;
- contributions to state social security to the FSSN budget are not paid on the amount of insurance contributions at the employer's expense;
- the absence of an additional financial burden (insurance contribution for an additional funded pension paid by the employer for an employee to GP "Stravita" within 3%) is compensated by a reduction in the mandatory insurance contribution rate for pension provision payable to the FSSN budget).
Vitebsk Regional Department
of the Social Protection Fund of the Population
of the Ministry of Labor and Social Protection