The ICPA system supplements state pension provision. Each worker opens a personal account to which contributions linked to their salary are deposited; funds are recorded individually, not in a common pool, and income is accrued on them.
The fundamental difference from a distribution pension is that savings are personalized. They belong to a specific individual, are inherited according to established procedures, and do not depend on the ratio of working people to pensioners.
Specific parameters—contribution rates, income accrual procedures, and conditions for fund withdrawal—are established by law and reviewed periodically, so current values should be verified at the time of inquiry.
From a personal finance perspective, ICPA should be viewed as one element of long-term savings, not as their replacement. The cumulative portion is formed according to established rules and is not managed by the worker themselves, so it does not override personal planning horizons or portfolio structure.