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Uncle Vanya (from the sidewalk) talks about a 500,000 ruble salary for employees of a non-state pension funds. A story

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    MMMDCCLXXX. Uncle Vanya (from the sidewalk) talks about a 500,000 ruble salary for employees of a non-state pension funds. A story. - March 10, 2026.

  Uncle Vanya (from the sidewalk) talks about a 500,000 ruble salary for employees of a non-state pension funds. A story.
  
  
  I'm walking through Rostov. Uncle Vanya is standing on the sidewalk and smoking.
  
  He looks at me and says:
  
  - "I told you that the pension business is a 'super-profitable business.'"
  
  - "That's an exaggeration," I reply, "it's hyperbole."
  
  - "Did you know that in December 2025, there were only two industries [branches] in Russia where the average salary exceeded 500,000 rubles? Those were non-state pension funds (NPFs) and financial intermediation."
  
  - "So, it's the 'non-state pension funds,'" I say. "And I transferred my funded pension contributions (507,340 rubles) to a state fund-the Pension and Social Insurance Fund of the Russian Federation (also abbreviated in Russian as the Social Fund of Russia, SFR). There's a difference: a PRIVATE [non-state] FUND is one thing, and a STATE FUND is another."
  
  Uncle Vanya looks at me ironically:
  
  - "You see the trolleybus?"
  
  - "I see it," I reply.
  
  - "What difference does it make whether the transport company is owned by the state (by the municipality) or by a private owner? Will the trolleybus's wheels or its design would be changed depending on the type of ownership?"
  
  - "The shape of the wheels won't change, nor the steering wheel, the cabin, the interior. Everything will be the same," I say.
  
  - "So if the NPF average salary exceeded 500,000 rubles in December 2025, that means the pension business is incredibly profitable."
  
  - "And why do they tell me (Decision No. 57 of January 28, 2026, payment case 227315): '...to refuse ... NO FUNDS FOR PAYMENT'-even though I transferred 507,340 rubles (as the funded pension contributions) in October-November 2025 [which allows to pay to me 2,285 rubles a month (as a funded pension) for 18.5 years, even without the investing (by the Fund) of the contributions received?"
  
  Uncle Vanya smiled:
  
  - "Get on the trolleybus and think!"
  
  I thought: may be to take the trolleybus a short distance?
  
  - "Thanks for the advice, Uncle Vanya," I said and got on the trolleybus.
  
  
  March 10, 2026, 9:23 AM
  
  
  Translation from Russian into English: March 15, 2026 09:36
  Владимир Владимирович Залесский ' Дядя Ваня (с тротуара) рассказывает о зарплате 500000 рублей в НПФ. Рассказ. '
  
  { 3809. Дядя Ваня (с тротуара) рассказывает о зарплате 500000 рублей в НПФ. Рассказ. - 10 марта 2026 г.
  MMMDCCLXXX. Uncle Vanya (from the sidewalk) talks about a 500,000 ruble salary for employees of a non-state pension funds. A story. - March 10, 2026.
  
  Vladimir Zalessky Internet-bibliotheca. Интернет-библиотека Владимира Залесского}
  
  [Insufficient internet speed]
  

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