What does the old-age pension consist of? Calculation of pension

Pension payments are provided to citizens based on such criteria as disability, old age and loss of breadwinner. The old-age pension is paid in connection with the achievement of a certain non-working age. Mostly we are talking about women aged 55 and men 60 years old. But special groups of residents have the right to receive a pension before they reach old age. We will understand what the old-age pension consists of .

Increase in retirement age

For citizens working in the government, starting from January 1, 2017, there is an increase in the retirement age, which has not delighted many civil servants approaching the pedestal to complete their career. In addition, each year, these terms will increase by 2 quarters, to 65 and 63 years for women and men, respectively.

According to the articles of the law, persons with a work experience of 15 years also have the opportunity to receive old-age pensions .

Pension coefficient

Obligatory at the same time is the existence of a pension coefficient based on the rating system, in aggregate not less than 30 points (since 2025). The value of this coefficient is formed from two components:

• Contribution to the Pension Fund by the employer, at the enterprise of which the pensioner performed his duties;
• Total length of service.

The total amount of points this year is 8.26. In the future, in the calculation for 2021, it will increase by 1.74, that is, it will reach 10. This is how the old-age pension in Russia is calculated.

Features of retirement of women

Women have the same rights to early retirement, as do men. First of all, it is connected with unfavorable working conditions, and also with work in regions with a heavy climate. In addition, for other social reasons, female members retire early and receive incentive bonuses in the form of a percentage. There are certain distinctions, at what age and for what reasons a woman can retire to 55 years of age. Let's see what the old-age pension for women consists of:

1. At the age of 45-50 years old, according to the law, female persons can receive a pension, having experience of 7,5 years on rough, underground work, with unfavorable working conditions.
2. In the age category up to 40 years, having a disability, in connection with the injury during participation in military operations or with sight deprivation and other diseases received at work.

An interesting fact is that women working in the Far North, with an experience of at least 15 years, retire at 50 years of age. And women with a permanent place of residence in all regions harmful to health, who have worked for more than 20 years and who hold the position of hunter, fisherman, including reindeer herding, retire at 45 years of age.

Also, the fair sex has the right to a well-deserved rest at the age of up to 50 years, having presented life and raising 5 or more children up to the age of eight. But how do you calculate the pension for women? Directly the old-age pension consists of:

• Fixed payments;
• The accumulative part;
• Insurance of the Pension Fund.

Fixed payments

Fixed payments are government fixed, non-changing amounts of money received by persons who have reached the elderly. This type of pension can be modified depending on specific indicators:

• Age category;
• The number of people on pension;
• Place of residence;
• Disability.

As an illustrative example, we can compare the size of the pension with respect to the above-mentioned indicators. Thus, the majority of pensioners receive fixed payments in the amount of 4 558.93 rubles. Citizens who have reached the age of 80 or have a degree of disability - 9 117.86 rubles. Persons who are provided with at least one dependent receive 6 078.57 rubles.

Insurance pension

Another way of calculating pensions for older people is an insurance pension. During all working years of a citizen who takes a place in a state enterprise, his employer pays interest to the Pension Fund.

These percentages are calculated from the share of official wages and, in turn, take the form of an individual coefficient-points, depending on the length of service, the age of retirement and the size of the salary. On average, one such score is 74.27 rubles. How much will old-age pension be in the end?

Example calculation

For example, if it is necessary to calculate the pension coefficient of a citizen with a salary of 30,000 rubles per month:

1. Salary for 1 year: 30 000 x 12 months = 360 000 rubles.
2. At the rate of 22% of the total amount of insurance premiums: 360 000 x 22% = 7 920 000 rubles, of which 57 600 are directed to the insurance pension at the rate of 16%.
3. As a result, we receive: 57 600 rubles / 127 360 rubles (the amount of contributions from the maximum annual salary in the Russian Federation for 2016) = 0.45 x 10 = 4.5 points.
4. This amount of points is accounted for by a salary of 30,000 rubles. Points should be transferred into money: 4.5 x 74.27 (so much is one point today) = 334.215 rubles.

It is also important that the total amount of such points is limited. That is, if the current pensioner was a millionaire in the past, this does not mean that the state should go bankrupt, providing it with a monthly solid increase to the pension. For information, in 2025 it will be possible to receive up to 10 points, as opposed to 7.39 and 7.83 points in 2015 and 2016, respectively.

Accumulative pension

The third type of old age pension is the funded pension. This way of dedicating money to elderly disabled citizens of our country is typical every month to provide pension savings on a lifetime basis. Insurance contributions are formed due to the investment of employers in the Pension Fund and the receipt by employees of interest from this amount.

It is necessary to emphasize that the funded pension is paid to residents since 1967 of birth and all those who are younger. But not everything is so simple. Citizens who are in this category, but who did not complete everything documented before the end of 2015, are not eligible for this type of pension contribution.

Indexing old -age pensions

Indexing is a systematic increase in the volume of social payments, based on the consumer price index for various goods and services. That is, there is a constant recalculation of pension contributions. The main essence of it is that as a result of inflation, the cost of the most essential products and services (primarily communal services) increases dramatically. Thanks to the indexation, the disabled population of the country, which is on the state security, does not feel defective, but also does not get rich. This situation can be called positive, at least due to the fact that everything remains stable. And when is the old age pension increased ?

A fixed, specific date for indexing pensions and other social benefits does not exist. Every interested person has the right to apply to state structures having powers in these cases and ask all questions of interest, after raising market prices for the main group of the most necessary goods. However, there are cases when the state ascertains the fact of indexation of pension payments.

Years for calculation of pension

When calculating the amount of pensions, work experience is taken into account , starting from 2002. All information of the current legislation is taken from the calculation for 2016. There is no new information on making any innovations in 2017, so there is nothing to comment on.

Thus, taking as a basis the specific time interval, it is necessary to carry out the calculation in this way: the available amount of money should be divided by the price of one point, against which indexation will take place in the new year, based on the increase in the index for consumer prices of the main commodity groups for 2016.

The whole process is carried out under the control of state bodies after this indicator is determined. As a result, a new amount of pension contributions is assigned. We hope, now you understand what the old-age pension consists of.

Summarizing all of the above, it is necessary to add that those who receive a pension have the full right to independently choose any of the 60 months of their employment from January 1, 2002. The chip is that it does not matter, the work record was received in the times of the Soviet Union or modern Russia. All calculations are carried out in a similar way.

With the passage of time, new laws on the calculation of pensions will be created, and changes in the principles of calculation are possible, of which the old-age pension consists.