# Uncle Vanya (from the sidewalk near the shopping center) is giving the consultations. About financial means for a funded pension payments. A story

Henry de Overwood

MMMDCCLXXIV. Uncle Vanya (from the sidewalk near the shopping center) is giving the consultations. About financial means for a funded pension payments. A story. - February 27, 2026.

Uncle Vanya (from the sidewalk near the shopping center) is giving the consultations. About financial means for a funded pension payments. A story.


I'm walking through Rostov today. A busy place: shops, banks, other businesses.


Uncle Vanya is standing there, smoking.


I say to him:


"Uncle Vanya, why are you smoking? It's bad for your health."


"Are you in a bad mood? Why are you bothering me?"


"Well, why I have a bad mood?" I say. "I received, today, February 27, 2026, Decision No. 57, dated January 28, 2026, by mail, "On Refusal to Assign a Funded Pension" (payment case No. 227315). This Decision states: "...to refuse... NO FINANCIAL MEANS FOR PAYMENT." (I think I've received, already, this Decision before, earlier.) I opened the envelope, read the Decision. And I am walking, not feeling myself too good.


"Why you is not happy?" Uncle Vanya asks.


"I contributed 507,340 rubles for my funded pension - from October 4, 2025, to November 3, 2025. What they mean, 'there are no financial means for payment'?"


"Why don't they just take your money, divide 507,340 rubles by 222 months-that's 18.5 years-(that's 2,285 rubles per month) and why don't they start paying to you the your monthly funded pension?"


"That's probably not allowed by law," I say. "I don't know. The law says that the contribution amount is divided by the correct number of months (there's a separate rule for determining of the correct number of months), and that's - the result of dividing - what constitutes my monthly funded pension."


"It's somehow unclear: why aren't they paying pension to you?" Uncle Vanya asks.


"I think," I tell to Uncle Vanya, "that they should invest my money (my contributions) (507340 rubles) so that my contributions generate income (interest). If the "client" (the recipient of the funded pension) lives longer than the 'right' number of months, "client" will have the right for monthly payments (after the period of, say, 18.5 years). They need to guarantee that they'll have enough money to cover 'unplanned' payments."


"So what, "'client" will have the right for monthly payments' ('unplanned')?" One 'client' will live longer, another will live shorter. But on average, there's enough money for everyone."


"That's probably not allowed. You say 'there's enough money for everyone.' And what if there isn't? They show their caution. They're being cautious," I reply.


"So what's the problem? Let them give their employee a power of attorney, plus 'your' contributions of 507,340 rubles. She goes to the bank with a power of attorney and with "your" 507,340 rubles, opens a deposit, and starts earning interest on (from) "your" 507,340 rubles. They would have earned over 12,000 rubles in interest from November 15, 2025, to February 15, 2026 (for three months). They would have given you (in the form of a funded pension) 6,855 rubles (2,285 times 3) over three months, and they would have kept the rest (more than 5,000 rubles; 12,000 - 6,855). What a profitable deal! And then - on top of that - 'clients' "leave," and their ('clients') contributions, and the interest on those contributions, don't go away, but stay. A super-profitable deal!!! And - (with all this) - there are NO FINANCIAL MEANS FOR PAYMENT?


"You understand, Uncle Vanya, I think the rules are different there. It probably won't work: to write out a power of attorney, to take 'my' money (contributions - 507340 rubles), to cross the street, to go to the bank, to open a deposit account, and to collect interest. Or maybe it's possible. But even if it is possible, then they can take 507,340 rubles from me, collect interest on (from) ('my') 507,340 rubles, but they can't pay me my a funded pension."


"Write, clarify, find out."


"I'm writing and writing. So far, no results."


"You know, there's another option: write to the Chairman of the Budget Committee. Just write it down: I received the decision, and it says " NO FINANCIAL MEANS FOR PAYMENT." Tell the Chairman: I transferred 507,340 rubles of contributions, but perhaps the rules don't allow them to pay a funded pension to (for) me: neither from the main sum (507,340) nor from the interest. So, dear Chairman of the Budget Committee, please take this information into account when drafting and approving the Law on the State Budget and the Law on the Budget of the Fund (the Fund that is supposed to pay a funded pension to (for) you)." Have you ever heard the words "budget process"? This is important things!


'Yes, I've already written a lot of letters. Isn't that too many?'


'Well, if you're so smart, why are you coming to me with stupid questions?'


"Uncle Vanya, thank you," I said, "for the consultation!" I continued to walk down the street. I looked at the bank windows. People were visible through the glass. They were doing something, bustling about something.


February 27, 2026, 5:42 PM


Translation from Russian into English: February 28, 2026, 10:26

Владимир Владимирович Залесский ' Дядя Ваня (с тротуара у торгового центра) консультирует. О средствах для выплаты накопительной пенсии. Рассказ. '


{ 3803. Дядя Ваня (с тротуара у торгового центра) консультирует. О средствах для выплаты накопительной пенсии. Рассказ. - 27 февраля 2026 г.

MMMDCCLXXIV. Uncle Vanya (from the sidewalk near the shopping center) is giving the consultations. About financial means for a funded pension payments. A story. - February 27, 2026.


Vladimir Zalessky Internet-bibliotheca. Интернет-библиотека Владимира Залесского}