1

The rThe role of REGOS in ole of REGOS in pension reformpension reform

2

CONTENT CONTENT

Introduction

Tasks

Business processes

Employers in reform system

Conclusion

4

INSURED INSURED PERSONPERSON

INSURED INSURED PERSONPERSON

REFORMED SYSTEM (princeples)REFORMED SYSTEM (princeples)

GENERATIONSOLIDARITY

COMPULSORY COMPULSORY CAPITALIZEDCAPITALIZED

SAVINGSAVING

COMPULSORY COMPULSORY CAPITALIZEDCAPITALIZED

SAVINGSAVING

5 %5 %

14,5 %14,5 %

VOLUNTARY VOLUNTARY CAPITALIZED CAPITALIZED

SAVINGSAVING

PENSIONSPENSIONSPENSIONSPENSIONS

5

PENSIONSPENSIONS

REFORMED SYSTEM (in practice)REFORMED SYSTEM (in practice)

REGOSREGOS(transient account)(transient account)

REGOSREGOS(transient account)(transient account)

OMFOMFOMFOMF

HZMOHZMO(State treasury)(State treasury)

HZMOHZMO(State treasury)(State treasury)

PENSION INSURANCE COMPANY

CONTRIBUTIONS CONTRIBUTIONS OF INSURED OF INSURED

PERSONSPERSONS

CONTRIBUTIONS CONTRIBUTIONS OF INSURED OF INSURED

PERSONSPERSONS14,5

%

14,5 % 5 %5 %

PENSIONSPENSIONS

6

CONTRIBUTIONS FOR THE INSURED (UP CONTRIBUTIONS FOR THE INSURED (UP TO 40 YEARS OF AGE)TO 40 YEARS OF AGE)

GROSS SALARYGROSS SALARY

CONTRIBUTIONS FOR CONTRIBUTIONS FOR THE PENSION INSURANCETHE PENSION INSURANCE

19,5 %19,5 %

14,5 %14,5 %

5%5%

I. PILLARI. PILLAR

II. PILLARII. PILLAR

7

UP TO JUNE 30th

2002

VOLUNTARY INTO COMPULSORY PENSION

INSURANCE

DEADLINEDEADLINE

INSURED UP TO 40

YEARS OF AGE

UP TO MARCH31st 2002

BY FORCE OF LAW IN COMPULSORY PENSION

INSURANCE

INSURED BETWEEN 40 AND 50

YEARS OF AGE

8

The rThe role of REGOS in ole of REGOS in pension reformpension reform

9

TASKSTASKS

registration of insured persons in compulsory pension fund and recording of

personal accounts for fund members

collection of contributions and monthly documentation from employers about

contribution payments for II pillar pension insurance

execution of order for contribution transfer, account transfer and assets

transfer

10

TASKSTASKS

control of contribution payment for II pillar pension insurance

(request for compulsory payment)

reporting to fund members about state on their personal account

reporting to pension company about structure of their members

11

STRATEGIESSTRATEGIES

maximum usage of available resources in Republic of Croatia

usage of up-to-date information technology in REGOS

12

ACCOMPLISHMENT OF ACCOMPLISHMENT OF TASKSTASKS

creation of necessary databases relaying to environment

free choice of compulsory pension fund

form and roll personal accounts of insured persons

13

ACCOMPLISHMENT OF ACCOMPLISHMENT OF TASKSTASKS

insured expert-technical support for HAGENA

insured effective flow of data between related subjects in system

insured top protection and privacy of information

14

DEVELOPMENT OF DEVELOPMENT OF BUSINESS PROCESSESBUSINESS PROCESSES

15

BUSINESS ENVIRONMENTBUSINESS ENVIRONMENT

REGOSZAPGZAOP

INSURED PERSONS AND PUBLIC

HZMO,HZZO, MFPU,MRSS,HZZ

PERSONS UNDER PAYMENT OBLIGATION AND OMF

HAGENAHAGENA

16

BUSINESS PROCESSESBUSINESS PROCESSES

1. Creation and maintenance of basic and support databases

2. Acceptance of registration forms and change of compulsory pension

fund

17

HZZO

CREATION OF BASESCREATION OF BASES

REGOSREGOSREGOSREGOS

MINISTRY OF INTERNAL

AFFAIRSData for start-up Base of candidates and matching up with other sourcesData for start-up Base of candidates and matching up with other sources

HZMO

Matching data of insured persons and contributors Matching data of insured persons and contributors

TAX ADMINISTRATION

HAGENAData about OMFData about OMF

18

REGISTRATION OF REGISTRATION OF INSURED PERSONSINSURED PERSONS

REGOSBASE

Insured personsPersons under

obligationOMF

FUNDI

FUNDII

FUNDIII

20

REGISTRATION FORM REGISTRATION FORM (JMBG) (JMBG)

1305968330135Personal identification number of insured

person:

21 13.4423.10.2001,

Unos-R-PFPRIJAVA OSIGURANIKA U FOND

Z@P Službenik 237

JMBG osiguranika : 1305968330135

Ime i Prezime :

Adresa stanovanja :

Naziv obveznog mirovinskog fonda :

Naziv (ime i prezime i adresa) obveznika uplate doprinosa :

MB/JMBG obveznika uplate doprinosa :

Naziv prethodnog obveznog mirovinskog fonda :

IVO IVIĆ

ZAGREB, ILICA 117

Osnova osiguranja :

Način pisanog izvještćivanja o stanju na

osobnom računu :

Adresa dostave pisane informacije :

AM - INTERNATIONAL

2409963330134

NESAMOSTALNI RAD

Slanje na adresu stanovanja (3)Slanje na drugu adresu (10)Slanje na E-mail adresu (10)Ne želim pisanu informaciju

768923Broj :

Regos

HRVATSKI FOND

ivo.ivic@hi.hinet.hr

JESENJI FOND

HRVATSKI FOND

PROLJETNI FOND

ZIMSKI FOND

LJETNI FOND

22

REGISTRATION FORMREGISTRATION FORMOBRAZAC R-PF

BROJ _____(otisnut)

PRIJAVA OSIGURANIKA U OBVEZNI MIROVINSKI FOND

1.

JMBG

1305968330135

2.

IME I PREZIME

IVO IVIĆ

3.

ADRESA STANOVANJA (poštanski broj, mjesto, ulica i kućni broj)

ILICA 117

4.

NAZIV OBVEZNOG MIROVINSKOG FONDA

HRVATSKI FOND

5.

NAZIV PRETHODNOG OBVEZNOG MIROVINSKOG FONDA

6.

NAZIV / IME I PREZIME i ADRESA obveznika uplate doprinosa

AM-INTERNATIONAL

7.

MB/JMBG obveznika uplate doprinosa

1234567

8.

OSNOVA OSIGURANJA

RAD KOD POSLODAVCA

9.

NAČIN PISANOG IZVJEŠĆIVANJA O STANJU NA OSOBNOM RAČUNU (zaokružiti jednu od slovnih oznaka ispred ponuđenih načina)

a) slanje na adresu stanovanja (u rubrici 3.) b) slanje na drugu adresu (u rubrici 10.) c) slanje na E-MAIL adresu (u rubrici 10.) d) ne želim pisanu informaciju

10.

ADRESA DOSTAVE PISANE INFORMACIJE (poštanski broj, mjesto, ulica i kućni broj ili E-MAIL adresa)

ivo.ivic@hi.hinet.hr

______________________________

(POTPIS OSIGURANIKA) DATUM PRIJAVE : ________________ POTPIS I OVJERA SLUŽBENE OSOBE : ________________

23

BUSINESS PROCESSESBUSINESS PROCESSES

3. Collection of information, their processing and monitoring, and

sending to interested parties4. Transfering paid contributions into

compulsory pension funds and recording of personal accounts for

fund members

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REGOS(personal accounts)

IIPILLARFUNDS

TRANSIENTREGOS

ACCOUNT

CONTRIBUTORS – PERSONS UNDER

PAYMENT OBLIGATION

CONTRIBUTION RECORDSCONTRIBUTION RECORDS

25

BUSINESS PROCESSESBUSINESS PROCESSES

5. Regular and periodical (upon request) reporting to members of compulsory

funds, and to other interested subjects, with respect to principle of information

secrecy6. Realization of pension right

26

REPORTINGREPORTING

REGOSREGOSREGOSREGOSREPORTINGREPORTING

HZMOHZMOMFPUMFPU

HZZOHZZO

HZZHZZFUND FUND

MEMBERSMEMBERS

PUBLICPUBLIC

OMFOMF

GOVERNAMENT GOVERNAMENT OF REPUBLIC OF OF REPUBLIC OF

CROATIACROATIA

HAGENAHAGENA

EMPLOYERSEMPLOYERS

27

PENSION

INSURANCE COMPANY

PENSION – SECOND PILLARPENSION – SECOND PILLAR

REGOS

IIPILLARFUNDS

INSURED PERSONS

28

EMPLOYERS IN REFORMED EMPLOYERS IN REFORMED SYSTEMSYSTEM

29

TANGIBLE POINTS EMPLOYER - TANGIBLE POINTS EMPLOYER - REGOS REGOS

reporting on membership in compulsory pension funds

(for the insured from 40–50 years of age)

data on contribution per insured person

payment of contribution for 2nd pillar

control of payment and connecting with data

30

REPORTING ON MEMBERSHIP IN REPORTING ON MEMBERSHIP IN THE SECOND PILLARTHE SECOND PILLAR

REGOSREGOS

STICKER (INFORMATION) GIVEN TO THE

EMPLOYER

INSURED INSURED PERSONPERSON

(between (between 40 and 50 40 and 50

years of age)years of age)

31

DATA ON CONTRIBUTION PER DATA ON CONTRIBUTION PER INSURED PERSONINSURED PERSON

Monthly collecting of data through the

form R-S (Specification on the insured)

Way of delivery of the REGOS form:

electronic way

on magnetic media

paper form

32

EXPANDING EXPANDING SCOPE OF ACTIVITIESSCOPE OF ACTIVITIES

Based on Law REGOS scope of activities will be expand:

collection of data about all compulsory contributions, tax and

surtax on income

transfering data to associated institutions

managing function of central accounting

33

34

35

CIRCULATINGCIRCULATING SCHEME OF DATA AND PAYMENTS IN SCHEME OF DATA AND PAYMENTS IN THE SYSTEM OF UNIFIED MONTHLY COLLECTIONTHE SYSTEM OF UNIFIED MONTHLY COLLECTION

PERSON UNDER PAYMENT

OBLIGATION

TREASURY

REGOS

OMF

TRANSIENTACCOUNT

HZZO

HZMO

HZZ

4b2

7

8

9

9

9

COMPETENT INSTITUTION

MATCHING

AUTHORIZEDORGANIZATION FOR PP

34

a

5

MFPU

6

1

36

CONTROL OF PAYMENT AND CONTROL OF PAYMENT AND CONNECTING WITH DATACONNECTING WITH DATA

matching data per insured person and joint payments

recording and monitoring contribution payments

submiting request for compulsory payment

44

We have been relying on two pillars We have been relying on two pillars of pension insuranceof pension insurance