Public non-government pension fund (NPF) “Social Standart” founded in 2004 is one of the oldest and most experienced NPF in Ukraine. The founders of the Fund are PJSC “KINTO” and “Kvazar-Micro Techno”. The purpose of the Fund is to secure social protection to the companies-founders’ employees as well as to provide such possibility to other legal entities and individuals.

The NPF “Social Standart”:

• Is the source of supplementary pensions to the employees from corporate contributor, the cheapest and at the same time flexible and effective component of the company’s motivational program.
  
• Provides opportunity to keep the best manpower with the company by creating more attractive material and social conditions for experts comparing to company’s competitors.
  
• Enhances company’s social attractiveness and management’s image and authority, has positive impact on the growth of market capitalization and business value.

Contributions to NPF paid by the employer for the benefit of the company’s employees are treated as company’s gross expenses and are exempt from obligatory social security contributions and individual income tax.

A corporate contributor himself defines the range of the NPF participants, periodicity and amount of pension payments. This allows to develop the general motivational plan on the basis of NPF or to create incentive system for the most valuable employees without the problem to renew manpower.

The non-state pension from NPF is paid additionally to the state pension and irrespectively of it. Availability and amount of non-state pension do not have any influence on the amount of state pension.

The NPF’s profit is distributed among its participants in proportion with the amounts at the individual’s pension accounts and is not a subject to taxation.

Public pension fund “Social Standart” is registered 19.10.2004 as a financial institution (registration No. 12100593), certificate PF No. 11.

PJSC KINTO is licensed by State Securities and Stock Market Commission of Ukraine to manage assets of institutional investors (asset management activity).

Licence AB No. 416672, dated 23.05.2008, expires 27.01.2011.

www.pf.kinto.com

2, Lysenko St., Kyiv 01034, Ukraine, tel.: +38 (044) 390-5766