The cost of a pension point for working pensioners in 2018
About 10 million individuals are older workers, and since 2019, government agencies have been able to leave this category without benefits.
These include citizens who receive a salary and make transfers to the Fund, as well as those who are self-employed. Payments have been increased by 3.7% since the beginning of 2021. Deduction of bonuses for length of service is possible if the value is no more than 3 and the total is 244 thousand 47 kopecks.
The main task of the online calculator from the Pension Fund of the Russian Federation for calculating benefits is to provide information to residents of the state about indicators that affect benefits in old age, and to motivate raising the reading by increasing social and labor activity. White salary, permanent contributions, length of service and age category of retirement create its value.
It is quite difficult to personally calculate all the preferential deductions and entitlements for a lifetime. Specialized algorithms do this on their own, taking into account various criteria, but their numbers are not accurate due to certain constant coefficients. It will actually be possible to find a certain value after submitting an application for retirement, where professionals of the Pension Fund of the Russian Federation calculate all the features based on the legislation.
Example
Citizen Unknown I.A. “Born in 1995, given the opportunity to choose, I was inclined to have the pension formed only from the insurance part, i.e. it is entirely formed from 16% of deducted contributions. In 2021, wages before personal income tax are 25 thousand rubles. Taking into account the above calculation scheme, for 2021. points earned are:
Amount of transferred contributions/amount of maximum possible contributions *10 = IPC
(25000*12*0,16)/(1021000*0,16)*10 =2,938
Accordingly, while the salary of Unknown I.A. will not change and the state will not raise the minimum level, annually he will earn 2,938 points towards his pension.
The procedure for calculating pensions
How to calculate your pension in 2021? The insurance pension is calculated using the same formula as in previous years:
SP = FV * K + PC * S * K
The formula for calculating pensions in 2021 includes the following:
- SP is the amount of pension for a specific year.
- PV is a fixed part of the pension.
- The bonus K coefficient depends mainly on the retirement age. For example, if a citizen retired 3 years later than the established period, then the coefficient takes the value 1.19.
The second part of the formula consists of the following indicators:
- PC – the sum of the citizen’s annual individual pension coefficients.
- C reflects the value of one pension point for the year for which the calculation is being made.
- K – premium coefficient.
In some cases, the pension may be calculated differently. For example, in order to calculate a military man's pension , you need to know his military rank - this is important for determining the military pension salary.
How to check the amount of pension savings?
Previously, these bodies told the Pension Fund about the accumulation of benefits, but at the moment an individual is able to get acquainted with them independently at any time:
- online on the portals State Services and the Pension Fund of the Russian Federation, you only need a SNILS number;
- at the divisions of the Foundation;
- from employees through divisions of banking institutions or ATMs: VTB, Sberbank.
To create an account on the State Services page, you will need a number and series of passport information, as well as a corresponding ID. After accessing the portal pages, you need to open the “Russian Pension Fund” page for further acquaintance. In a situation where difficulties arise, the toll-free telephone will forward any variations in solving the emerging problem to the number 8-800-100-70-10.
Maximum IPC size by year
As sad as it may be, the number of pension points that a citizen can earn within one calendar year is limited. Citizens born in 1967 and later must decide on the type of formation of pension rights:
insurance; insurance and savings.
In the first case, all contributions made by the employer go to the insurance part; in the second case, they are evenly divided between the insurance and savings parts. The maximum annual number of pension points is gradually increasing every year and by 2021 will reach 10 for an exclusively insurance form of security and 6.25 if a combined form is chosen.
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24 July 2021 13:55
Citizens' pension rights are formed in individual pension coefficients, or pension points. All pension rights formed before 2015 are converted without reduction into pension points and are taken into account when assigning an insurance pension.
After 2015, the calculation of the number of pension points per year is based on the insurance contributions that the employer pays for his employee to the Russian Pension Fund at the rate established by the state.
The right to an old-age insurance pension arises if the following conditions are simultaneously met:
- reaching the age of 60 years for men, 55 years for women. Certain categories of citizens have the right to receive an old-age insurance pension early;
- for persons holding government positions in the Russian Federation, from January 1, 2017, an increased retirement age has been in effect, which increases annually by 6 months to 65 years for men and 63 years for women;
- availability of the required insurance period, taking into account the transitional provisions of Art. 35 of the Law of December 28, 2013 No. 400-F. In 2021, the duration of the insurance period required to assign an old-age insurance pension is 9 years, with a gradual increase to 15 years from 2024.
- the presence of a minimum amount of pension points, taking into account the transitional provisions of Art. 35 of the Law of December 28, 2013 No. 400-FZ. In 2021, this is 13.8 pension points up to 30 from 2025. The maximum number of pension points per year in 2021 is 8.70.
The number of pension points depends on accrued and paid insurance contributions to the compulsory pension insurance system and the length of insurance (work) experience. For each year of a citizen’s labor activity, subject to the accrual of insurance contributions for compulsory pension insurance by employers or him personally, his pension rights are formed in the form of pension points.
The insurance pension is guaranteed to increase by the state through annual indexation.
The old-age insurance pension is calculated using the formula:
INSURANCE PENSION = THE AMOUNT OF YOUR PENSION POINTS x THE VALUE OF THE PENSION POINT on the date of pension + FIXED PAYMENT
SP = IPK x SIPC + FV , where:
- SP – insurance pension
- IPC is the sum of all pension points accrued on the date of assignment of an insurance pension to a citizen
- SIPC is the value of the pension point on the date of assignment of the insurance pension.
When assigning a pension from 01/01/2018 = 81.49 rubles. Indexed annually by the state.
As of January 1, 2021, the fixed payment is 4,982.90 rubles, its size is indexed annually by the state.
Thus, the calculation of the insurance pension in 2021 is carried out according to the formula:
SP = IPC x 81.49 + 4982.90
For each year of later application for a pension after the right to it arises, the insurance pension increases by the corresponding premium coefficients.
Since 2015, significant changes have been made to pension legislation. Now the calculation of insurance pensions is based on the number of individual pension coefficients (IPC). In practice, they are usually called pension points. Let's consider what the value of a pension point is in 2021 for calculating a pension and how the amount of payment is calculated using this indicator.
What else is the IPC charged for: individual cases
The IPC can be deducted not only for work experience, but also at certain points that are described in the legislation.
1.8 bonuses will be deducted for one year of care for the following category of individuals:
- person with disability 1 gr.;
- disabled child;
- elderly people over 80 years of age;
- child up to one and a half years old (two parents).
1.8 will also be deducted for one year of military service upon conscription. When a parent begins to take a year’s leave to care for the 2nd child, he will be deducted 3.6 points, and for 3 and 4 – already 5.4.
The Pension Fund of the Russian Federation will encourage citizens to retire as late as possible, offering an increase in established payments, insurance financial security of 36% and 45% of points when a person begins to apply 5 years after acquiring the right to security in old age. After 10 years, the indicated payment increases by 2.11, and the insurance payment increases by 2.32.
Military pension
Pension contributions to military personnel have their own formula - 50% x (the amount of military salary and rank + bonus for length of service) + reducing factor x 3% (for service of more than 20 years for each period, no more than 85%) + 2% (any period with situations of non-indexation of financial benefits).
There are several types of military pension contributions:
- by length of service;
- on disability;
- in the event of the loss of a breadwinner, relatives receive it when he goes missing or dies.
When 20 years of service are not reached, pension contributions are made based on a combined internship.
Pension points IPC
IPC pension points are a component of the coefficient; in fact, these are identical concepts. Figuratively speaking, points are “molecules”, and the IPC itself is a “cell” formed from points. But still, you can find out on the official website of the Pension Fund ( https://www.pfrf.ru/grazdanam/pensions/kak_form_bud_pens/ ) how many pension points you have been awarded for 2021. Copy the link and open it in a new tab, carefully read the described material and enter the amount of your monthly salary before deduction of personal income tax in the blue box.
Conclusion
The pension score is one of the main indicators that influences the possibility of assigning a pension and its size. The price of the pension point determines the size of the variable part of the insurance pension. This value is established by law and is subject to regular indexation to a level not lower than the price growth index. However, in practice for 2015-2017 The growth in the value of a pension point has significantly lagged behind the inflation rate. This is due to the temporary suspension of certain provisions of Law No. 400-FZ. The cost of a pension point in 2018 is 81.49 rubles. Based on it and the existing requirements of the law, the “average” pensioner can count on a pension of about 15 thousand rubles.
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What IPC is required for retirement?
Unlike retirement age, the accumulated minimum number of IPC is not yet the basis for calculating insurance payments. If a citizen who has reached the retirement age established by Federal Law No. 350 has the right to apply for a pension even if he does not have the required points. In this case, he is paid a so-called “old-age pension” equal to the minimum subsistence level.
But if a working person has scored the required number of points and has not yet reached the pension threshold, he will not be accrued a pension. Therefore, the size of the IPC given in the table is of secondary importance in terms of the possibility of retirement. So, in 2021 a citizen who is 60.5 years old has all the rights to apply for a pension and go on vacation. But a worker who has the required insurance experience of 16.2 points, but has not reached 60.5 years of age, will be denied a pension.
How do the pension threshold and pension points relate?
New pension legislation since 2015 has set a new condition for receiving an insurance pension. To qualify for an insurance pension, a working citizen must not only reach retirement age, but also have a certain number of individual coefficient points.
At the time of the introduction of this procedure, pensioners must have earned at least 6.6 IPC. Every year this amount increases along with the retirement age, and in the current year, 2021, this figure was 16.2 points. Its growth should end in 2025, when the retirement age reaches 65 for men and 60 for women. By this time, the required minimum IPC size will be 30 points.
As you can see, two concepts appear in pension calculations:
- Retirement age.
- Pension points.
Let's consider how they affect the procedure for calculating pension payments. The retirement age is established for all workers and employees as a certain threshold, upon reaching which he has the right to leave work and retire. At the same time, he is guaranteed to receive an old-age pension, equal today to the average Russian subsistence minimum, that is, a little more than 11 thousand rubles.
When a person reaches retirement age, in addition to the old-age pension, he has the right to receive an insurance pension. It is a substantial increase to the minimum old-age pension payment. The amount of this insurance pension directly depends on the IPC - the number of insurance points earned by a citizen during his working life.
