OREANDA-NEWS. On April 17, 2008 the National Non-State Pension Fund and the Bank ZENIT signed an agreement whereby bank clients may select a private pension program that meets their individual needs and effect a pension agreement right in a Bank outlet. For the time being this can only be done in a bank outlet in Moscow and Moscow Oblast, with time the agreement will cover ZENIT's entire branch network, reported the press-centre of Bank ZENIT.

All of the Fund's programs share the same ultimate goal, i.e., they seek to enable individuals to create extra pension capital; but every program targets a distinct social group:

"Initsiativa" (Initiative) is for young employed individuals; based on long-term accumulation of capital, it is a way to generate a fairly large pension capital through small-sized pension contributions;

"Semeinaya" (Family) targets married couples seeking to create family pension capital;

"Zabota" (Care) is a gift program that targets pre-retirement and retiree family members;

"Nachalo" (Beginning) offers the first step in the formation of pension capital for children;

"Dostatok" (Well-Being) targets mature employed individuals.

The Fund also offers two special-purpose pension programs: "Zolotoi Vek" (Golden Age) and "Serebryany Vek" (Silver Age). Both are designed for high net worth individuals and contain unique service options.

This wide selection of pension programs offers quite a choice - from a personal pension program to an exclusive gift in the form of a non-government pension for a family member. With a flexible system for formation of non-government pensions, one can choose the size of pension contributions, payment intervals, the periods while contributions are paid and ultimately, pension size.