Power of Attorney for Receiving Pensions, Benefits, and Other Social Payments is an official document, executed in accordance with the legislation of the Russian Federation, which authorizes the attorney-in-fact (agent) to represent the interests of the principal (grantor) in receiving pensions, benefits, compensations, subsidies, and other social payments.

This power of attorney is used in various life situations when a citizen, due to health conditions, age, disability, temporary incapacity for work, prolonged absence from their place of residence, or other reasons, is unable to personally receive the payments due to them.

The document grants the attorney-in-fact the right to apply on behalf of the principal to the Pension Fund of the Russian Federation (PFR), the Social Insurance Fund of the Russian Federation (SIF), social protection authorities, the Federal Treasury, post offices, banks, and other organizations responsible for calculating and disbursing social benefits and pensions.

The Power of Attorney for Receiving Pensions and Benefits Must Be Notarized. A notary public verifies the identity and legal capacity of the principal, explains the legal consequences of issuing the power of attorney, and certifies the authenticity of the signature.

Features of the Power of Attorney Template:

• Extensive Scope of Authority for the Attorney-in-Fact: Includes receiving pensions, benefits, compensations, subsidies; opening and closing bank accounts; receiving bank cards; submitting applications and documents; receiving correspondence and certificates.
• No Right of Delegation (Unless Explicitly Stated): The attorney-in-fact cannot delegate the powers to third parties unless explicitly permitted in the power of attorney.

A properly executed Power of Attorney for Receiving Pensions and Benefits protects the principal's interests and helps avoid problems when dealing with government agencies and financial institutions.