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Who can be a participant of OTP Pension?
Citizens of Ukraine, foreigners and persons without citizenship.
Who can be contributor of OTP Pension or make contributions on behalf of participants?
It can be both physical persons (participant himself, his or her spouse, children, parents) so legal entities (employer of participant or professional association the member of which is a participant of the fund).
Can I conclude a pension contract on behalf of my child?
It is possible to conclude a pension contract on behalf of your children and from early age to make contributions. On achievement of pension age on the accounts of your children can be accumulated substantial amount of money due to the long period of accumulation.
Are there some limitations to the amount of payments to OTP Pension?
There are no limitations, you decide, what amount to pay to the pension fund. The amount of pension payments to you depends on time of accumulating. The more time you have for accumulating, the less amounts you can pay today.
In case of necessity we will help you to calculate best amount for you payment.
What is periodicity of pension payments?
It depends on you:
- monthly;
- quarterly;
- once every half-year;
- annually.
What should be the period of participating in Open pension fund OTP Pension?
You personally determine time of your participation in the fund. In any moment you have a possibility to transfer accumulated funds to other financial institution.
When do men start to receive OTP pension?
In accordance with the legislation payments start from 50 to 70 years. Within this period you should determine the start point when the fund OTP Pension begins to pay your OTP Pension.
When do women start to receive OTP pension?
In accordance with the legislation payments start from 45 to 65 years. Within this period you should determine the start point when the fund OTP Pension will begin to pay your OTP Pension.
Is it possible to start receiving pension earlier than started above, for example in case of a soldiers pension which s determined in the law as 10 years earlier, then regular pension.
Retirement age which is determined by the participant of the fund can be less or higher from retirement age which is set by the government but no more than 10 years, if other is not foreseen by the law.
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