Company's Social Policy
The Company's social policy is implemented in line with the State Atomic Energy Corporation ROSATOM unified social policy in the form of various social programmes.
Social programmes for the Company's employees are aimed at:
- retaining the most valuable employees;
- motivating employees and building their loyalty;
- ensuring additional guarantees of social protection for employees.
The social policy implemented by the Company also implies shaping the Company's image as a socially responsible organisation, enhancing its reputation and building up trust in the Company.
The key areas of social programmes implemented by
- voluntary medical insurance;
- accident life insurance;
- non-state pension scheme;
- organising summer vacations for employees' children;
- organising sport and recreation events;
- financial support for employees;
- support to ex-employees (veterans).
the Company's expenses on social programmes for the employees
In the reporting year JSC "TECHSNABEXPORT" spent 17,210 mln roubles on social programmes for the employees in total, of which 15,895 mln roubles were spent on social payments (which equals 43,909 roubles per employee based on the headcount of 362).
All payments and concessions are the same for all employees irrespective of their job category. The only exception is the non-state pension scheme. Participation in it is determined by length of work with the Company.
Organising Summer Vacations for Employees' Children
The Company organises summer vacations for employees' children on an annual basis. In June-August 2011 five children were sent to recreation camps Iskorka and Zolotaya Loza.
Sport Programmes for Employees
The Company encourages healthy living and sports activities among its employees by reimbursing membership fees in sports and fitness centres (70% of membership fee). 50 employees took part in the health and fitness programme in 2011.
Voluntary Medical Insurance
sum of expenses for voluntary medical insurance (VMI)
Voluntary medical insurance (VMI) programmes aimed at providing the Company's employees with high quality medical assistance in Moscow's medical institutions and thus ensure fitness for work and good health.
In March 2011 JSC "TECHSNABEXPORT" signed an agreement for voluntary medical services (VMS) with the SOGAZ insurance company. The total spending on voluntary medical insurance for the employees equalled 5,523,900 roubles.
VMI programmes include the following services:
- outpatient and ambulatory care;
- emergency medical care;
- dental care in specialised dental clinics;
- hospital treatment.
Non-State Pension Scheme
In accordance with the decision of the State Atomic Energy Corporation ROSATOM top management, the corporate pension scheme is administered on the basis of industry non-state pension fund Atomgarant, established on 11 March 1994, Moscow registration chamber licence № 1489.
On 8th of April rating agency Expert RA assigned NPF Atomgarant an individual security rating of А+, which stands for a very high level of financial security. Some of the key factors that had a positive influence on NPF Atomgarant's rating were conservative investment strategy with regard to distributing pension reserves and investing pension accruals, as well as well-managed diversification of funds under the trust management in several managing companies.
Quality management system developed and implemented by the Fund meets the requirements of GOST R ISO 9001-2001 (ISO 9001: 2000) and is entered into the Registry of quality management systems, which proves the high quality of business processes.
NPF Atomgarant, established to provide non-state pensions to employees of nuclear industry, is capable of fulfilling its obligations for non-state pensions, which was confirmed by an independent actuary's audit that took place from 25 April until 20 July 2011, as of 01 January 2011.
As part of the corporate pensions programme of the Company and according to the pension rules of the NPF all JSC "TECHSNABEXPORT" employees participating in the programme are entitled to a nominal pension scheme with fixed contributions and pension payments over a period of years. The payments are made over 15 years.
Participation in the corporate pension programme is joint: an employee pays up to 50% of fixed contribution and the employer pays up to 100% of fixed contribution. By the time an employee joins the scheme the length of their work at the Company shall be no less than one year and they will be entitled to pension payments after seven years of working at the Company.
11 employees were added to the Company's corporate pension programme in 2011. Thus, 147 employees participate in the corporate pension programme as of 31 December 2011, of whom:
- 141 employees are active participants, who received pension contributions on their retirement accounts in 2011;
- four employees – participants of the programme who gain the right to a non-state pension from JSC "TECHSNABEXPORT" when the pension entitlement comes into effect according to the legislation of the Russian Federation;
- two employees – pensioners, ex-employees of the Company, who have been receiving the non-state pension from JSC "TECHSNABEXPORT" since the 3rd quarter of 2011.
Changes in the Number of Employees Joining Corporate Pension Scheme, %
Support of the Company's Veterans
The Company pays special attention to its veterans. Over many years JSC "TECHSNABEXPORT" has been providing financial support to pensioners, ex-employees of the Company. In 2011 the financial support for the veterans was doubled and reached 7,000 roubles a month. 65 veterans received financial support; six of them receive financial support on a monthly basis.
The Company holds annual gatherings to celebrate Victory in the Great Patriotic War and the New Year. On these occasions the veterans receive additional financial support.