THE ROLE OF REGOS IN THE PENSION

SYSTEM

THE ROLE OF REGOS IN THE PENSION

SYSTEM

New Pension SystemNew Pension SystemNew Pension SystemNew Pension System

I pillar – generation solidarityI pillar – generation solidarity

II pillar – individual II pillar – individual capitalizedcapitalized savingssavings

III pillar – voluntary III pillar – voluntary capitalizedcapitalized savingssavings

I pillar – generation solidarityI pillar – generation solidarity

II pillar – individual II pillar – individual capitalizedcapitalized savingssavings

III pillar – voluntary III pillar – voluntary capitalizedcapitalized savingssavings

15 %15 %

5%5%

INSURED INSURED PERSONPERSON

INSURED INSURED PERSONPERSON

Reformed system (principles)Reformed system (principles)

GENERATIONGENERATIONSOLIDARITYSOLIDARITY

OBLIGATORYOBLIGATORYCAPITALIZEDCAPITALIZED

SAVINGSSAVINGS

OBLIGATORYOBLIGATORYCAPITALIZEDCAPITALIZED

SAVINGSSAVINGS

5 %5 %

15 %15 %

VOLUNTARY VOLUNTARY CAPITALIZEDCAPITALIZED

SAVINGSSAVINGS

PENSIONSPENSIONSPENSIONSPENSIONS

MembersMembersMembersMembers

All employees under the age of 40 All employees under the age of 40

Employees between 40 and 50 Employees between 40 and 50 may may participateparticipate

Part-time jobsPart-time jobs

All employees under the age of 40 All employees under the age of 40

Employees between 40 and 50 Employees between 40 and 50 may may participateparticipate

Part-time jobsPart-time jobs

REGOS ServicesREGOS ServicesREGOS ServicesREGOS Services

1.1. Registration and change of Registration and change of membership membership

2.2. Accepting and processing of R-Sm Accepting and processing of R-Sm Form,Form,

3.3. Managing function of Central Managing function of Central accounting (CAM)accounting (CAM)

4.4. Managing and maintaining the Managing and maintaining the RegisterRegister

1.1. Registration and change of Registration and change of membership membership

2.2. Accepting and processing of R-Sm Accepting and processing of R-Sm Form,Form,

3.3. Managing function of Central Managing function of Central accounting (CAM)accounting (CAM)

4.4. Managing and maintaining the Managing and maintaining the RegisterRegister

1. Receiving registrations into pension Receiving registrations into pension fundfund

1. Receiving registrations into pension Receiving registrations into pension fundfund

REGOS

DESK

REGOS

DESKidentification of insurees

selection of pension funds

choosing the method for receiving information

choosing the address for information

signing the registration form

BASIS OFINSCURANCE UNKNOWN?

PENSIONFUND

ARCHIVE

DATAFILING

UNFINNISHEDREGISTRATION

YES

OPENING INSUREE’SPERSONAL ACCOUNT

NO

REGPRIJAVAREGISTRATION

2. Accepting and Processing the RS-m 2. Accepting and Processing the RS-m FormForm2. Accepting and Processing the RS-m 2. Accepting and Processing the RS-m FormForm

Basic purposes of the R-Sm Form:Basic purposes of the R-Sm Form:

Data collecting on contributions for Data collecting on contributions for Obligatory pension insurances,Obligatory pension insurances,

RReecordingcording data into the Registerdata into the Register

Matching data to the related Pillar II Matching data to the related Pillar II and Pillar I payments of part-time and Pillar I payments of part-time jobs, jobs,

Replacing the present 9 Forms by Replacing the present 9 Forms by the R-S/R-Sm Formthe R-S/R-Sm Form

Basic purposes of the R-Sm Form:Basic purposes of the R-Sm Form:

Data collecting on contributions for Data collecting on contributions for Obligatory pension insurances,Obligatory pension insurances,

RReecordingcording data into the Registerdata into the Register

Matching data to the related Pillar II Matching data to the related Pillar II and Pillar I payments of part-time and Pillar I payments of part-time jobs, jobs,

Replacing the present 9 Forms by Replacing the present 9 Forms by the R-S/R-Sm Formthe R-S/R-Sm Form

Tributaries for Submitting DataTributaries for Submitting DataTributaries for Submitting DataTributaries for Submitting Data

Employers Employers

Fees payersFees payers

Self-employed Self-employed

Part-time job payersPart-time job payers

Employers Employers

Fees payersFees payers

Self-employed Self-employed

Part-time job payersPart-time job payers

Means of Submitting the R-Sm Means of Submitting the R-Sm FormForm

Means of Submitting the R-Sm Means of Submitting the R-Sm FormForm

ElectronicallyElectronically

On magnetic carrierOn magnetic carrier

On paperOn paper

ElectronicallyElectronically

On magnetic carrierOn magnetic carrier

On paperOn paper

3. Managing Central Accounting3. Managing Central Accounting3. Managing Central Accounting3. Managing Central Accounting

TransferingTransfering associated II pillar contribution payments to associated II pillar contribution payments to obligatoryobligatory pension pension funds and societies, funds and societies,

ConvertingConverting paid paid savingssavings into unit, into unit,

Registering paid Registering paid contribution contribution amounts amounts on personal accounts of fund’s on personal accounts of fund’s members,members,

Transfering total capitalized savings with the goal of achieving the rights Transfering total capitalized savings with the goal of achieving the rights from pension insurancefrom pension insurance

TransferingTransfering associated II pillar contribution payments to associated II pillar contribution payments to obligatoryobligatory pension pension funds and societies, funds and societies,

ConvertingConverting paid paid savingssavings into unit, into unit,

Registering paid Registering paid contribution contribution amounts amounts on personal accounts of fund’s on personal accounts of fund’s members,members,

Transfering total capitalized savings with the goal of achieving the rights Transfering total capitalized savings with the goal of achieving the rights from pension insurancefrom pension insurance

4. Managing and maintaining the 4. Managing and maintaining the RegisterRegister

4. Managing and maintaining the 4. Managing and maintaining the RegisterRegister

Reference sources in the Register:Reference sources in the Register:

Registration of insured personsRegistration of insured persons

R-SmR-Sm Form Form

Statement of II pillar accountStatement of II pillar account

Offprint Offprint Statement of I pillar accountStatement of I pillar account

Reference sources in the Register:Reference sources in the Register:

Registration of insured personsRegistration of insured persons

R-SmR-Sm Form Form

Statement of II pillar accountStatement of II pillar account

Offprint Offprint Statement of I pillar accountStatement of I pillar account

Purpose of the Register DataPurpose of the Register Data

Delivering data to the Delivering data to the HZMO(Croatian Pension Insurance HZMO(Croatian Pension Insurance Institute) in order to achieve rights Institute) in order to achieve rights from the pension insurance, from the pension insurance,

Delivering data to other institutions,Delivering data to other institutions,

Issuing statementsIssuing statements to the insured to the insured persons,persons,

Statistics,Statistics,

ReportingReporting

Delivering data to the Delivering data to the HZMO(Croatian Pension Insurance HZMO(Croatian Pension Insurance Institute) in order to achieve rights Institute) in order to achieve rights from the pension insurance, from the pension insurance,

Delivering data to other institutions,Delivering data to other institutions,

Issuing statementsIssuing statements to the insured to the insured persons,persons,

Statistics,Statistics,

ReportingReporting

Quality PolicyQuality PolicyQuality PolicyQuality Policy

The system of The system of quality management quality management according to ISO according to ISO 9001:2000 9001:2000 standards, verified standards, verified by the ISO by the ISO 9001:2000,9001:2000, has has been implementbeen implementeded since July 2002since July 2002

The system of The system of quality management quality management according to ISO according to ISO 9001:2000 9001:2000 standards, verified standards, verified by the ISO by the ISO 9001:2000,9001:2000, has has been implementbeen implementeded since July 2002since July 2002

We have been relying on two pillars of pension We have been relying on two pillars of pension insuranceinsurance

We have been relying on two pillars of pension We have been relying on two pillars of pension insuranceinsurance

ResultsResultsResultsResults

More on resultsMore on results

http://www.regos.org/default.aspx?id=12

More on resultsMore on results

http://www.regos.org/default.aspx?id=12