On Oct. 1, RUS CB issued guide on accounting for pension funds.
RUS CB methodological recommendations on the reflection in the accounting accounts of non-state pension funds of agreements on compulsory pension insurance, agreements on non-state pension provision and agreements on long-term savings.
The recommendations ensure uniform accounting practices for pension agreements.
Focus areas include regulation 773-P on the procedure for reflecting compulsory pension insurance agreements on accounting accounts by non-state pension funds.
Also, reg 776-P on procedure for reflecting agreements re non-state pension provision in accounts of non-state pension funds and reg 838-P on procedure for reflection in accounting records by non-state pension funds of long-term savings agreements.
Effectiveness
The recommendations are effective from Jan. 1, 2025.
