Khanty-Mansiyskiy Retirement Fund cuts back on reserves

Khanty-Mansiyskiy Non-State Retirement Fund reduced its pension reserves by 1.1%, or down to 22.68 billion RUR in the first quarter of 2010 compared with the beginning of the year 2010, the Russian Federation Federal Financial Market Service reports.

The fund’s own assets shrank by 2.1%; the number of the fund’s participants rose by 4.3%, while the number of individuals participating in the non-state retirement savings program increased by 1%. At the same time, the pension payments were reduced by 4.3 times.

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