Download Report (PDF; 3.90 Mb) - Lukoil

SUSTAINABILITY REPORTwill be available to those who participate in the new retirement plan foran uninterrupted period of 25–30 years.Employees eligible to pensions under the old retirement plan (a total of117,000 people) retain their eligibility and will be awarded pensions atretirement.The number of workers who voluntarily joined the new retirement planin 2004 reached 54,000. With an average employee contribution at 2%of income, accumulated pensions on individual contracts amounted to228 million roubles.Contributions to the non-state programme for retirement benefits,million roubles2002 2003 2004Contributions by LUKOIL Grouporganisations to the non-stateretirement fund 293 390 378Employee contributionsto the non-state retirement fundaccording to individualretirement contracts – – 228Social aid for retired pensioners"Taking into account the socially vulnerable positionof persons receiving state pensions and the relativelylow level of pensions at the initial stage of developmentof the corporate pension system, the Companyconducts a policy aimed at providing social supportto non-working pensioners…"LUKOIL Social Code, Part IWhenever it is financially feasible, LUKOIL Group organisations paytheir employees a one-off bonus at the time of retirement and provideearmarked social aid for retired pensioners. The social aidincludes financial contributions for various purposes, gifts for holidays,etc.56