How to determine your retirement date
Hello, at what age will a man born in 1960 retire? [email protected]
Response from the Russian Pension Fund:
You will retire at age 61.5. If your birthday is in the first half of the year, you can apply for a pension in the second half of 2021. If you were born in the second half of the year, your pension will be issued in the first half of 2022.
From the editor:
The Pension Question Bank receives many such letters. It is not easy for a non-specialist to take into account the change in the age parameter that will occur during the transition period (when the retirement age will change from year to year). Therefore, it is understandable that people who were supposed to retire under the old rules in the next few years are already trying to clarify exactly when they will reach retirement age under the new order. In most cases (if we are talking about assigning an insurance pension on a general basis), a special table prepared by PFR specialists will help you. "RG - Week" published it in the first issue of this year. At the request of our readers, we are re-publishing it now. This table can also be easily found on our website using the link.
Infographics: RG/Leonid Kuleshov/Irina Nevinnaya
Calculation procedure
To calculate the IPC yourself, you can use the standard formula:
GPC = SSP / SSM × 10
SSP - the amount of insurance premiums for the year; SSM - the volume of contributions in the amount of 16% of the maximum wages, which is established annually by the Government;
We suggest studying the table for maximum IPC indicators.
The number 10 is the maximum number of points for 12 months. But such an amount can only be obtained from 2021. And currently the maximum points are 9 (an annual increase of 2.4 points). If converted into cash equivalent, then by 2021 no more than 630 rubles can be added to the insurance portion annually.
Below is a simple example of what a pension might look like in 50 years: Problem conditions: A.A. Petrov begins working at the age of 17 in 2015. At the age of 18 he went to serve in the army for 2 years. He was given 3.6 points for his military service. The total period of work experience is 48 years, the total number of IPCs is 403.6.
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Let’s imagine that in almost 50 years the total volume of the fixed part will be equal to 20,000 rubles, and the cost of the IPC will be 600 rubles. However, Petrov worked most of the time in difficult climatic conditions, therefore, the volume of the fixed part will increase to 26,000 rubles. In addition, he began to apply for a pension 5 years later than due. As a result, Petrov received a coefficient of 1.34, for a fixed payment of -1.27.
Pension calculation
26,000 × 1.27 + 403.6 × 600 × 1.34 = 324,527.42 rubles - pension amount
In addition, you can calculate points using:
- The official website of the Pension Fund. To do this, click on the link:
- Pension calculator - link: www.pfrf.ru/calc.
When will I be granted early retirement if I have two benefits?
Please explain how benefits for early retirement will be provided on two grounds? My example. Do I have the right to early retirement due to “northern” seniority (I work on a rotational basis)? In addition, I am the mother of four children. When can I retire early? Natalia Temerezanskaya, [email protected]
For workers in hazardous industries, the retirement age has not changed
When there are several reasons for early retirement, you can use any of them. For example, one that will allow you to assign a pension earlier. The first year in which mothers with four children will be able to take advantage of the new benefit for early retirement on grounds of large families (at the age of 56) will be 2021. Having “northern” experience allows a woman who has given birth to two or more children to retire at age 50. To do this, she must have at least 12 years of work in the Far North or 17 years in equivalent areas, as well as at least 20 years of insurance experience. This benefit is valid now and will remain in the future.
What are E points?
Recently, information appeared on the Internet that E-points are assigned by a pension fund in a presentation format, but future pensioners were alarmed by the sea of grammatical and syntax errors on the posters.
The funny thing was that on one of the slides after loading it was written very ambiguously that everyone who retires will receive an E-point.
These two indicators have not yet found each other, so rumors about the presentation turned out to be a common joke to defuse the atmosphere around raising the retirement age.
Many pensioners have received information that during the reform, regular points will be gradually loaded into electronic ones. It was reported on the Internet that the download of the slide was provided by the corresponding foundation.
When is an “age” increase due?
Is it true that after age 70, pensions should be revised upward? What should the increase be? Korotaeva Tamara
At 70 years of age, no changes are provided in the amount of the pension paid due to reaching this age. But for pensioners who have reached 80 years of age, the size of the fixed payment as part of the insurance pension is doubled. In 2021, the fixed payment amount will be 5334.2 rubles. There is no need to contact the Pension Fund to register this increase: the recalculation is carried out automatically, since the Pension Fund has information about the pensioner’s age.
How are they calculated?
The following criteria directly influence the IPC calculation procedure:
- Official salary. IPC is accrued only to those persons who are officially employed.
- Amount of remuneration. The salary portion must be at least two times the minimum wage. On average, the official salary should be at least 16,000 rubles . Otherwise, the coefficient is not calculated.
- Experience indicators. To receive a decent pension, you must officially work for at least 15 years. By 2024, based on this length of service, it will be possible to receive a minimum amount of pension payments. The general length of service includes such items as: military service; paid parental leave; care for elderly people over 80 years of age.
Also read how length of service affects your pension.
- Combination of labor. If you have two or more jobs at the same time, your pension points will also increase. Therefore, the more contributions to the Pension Fund, the better it will be for your future pension.
The maximum amount of pension points per year should be no more than 10! Other points are not taken into account!
- Other activities. When calculating a future pension, it is worth taking into account the socially significant activities of a particular person who did not officially work. For example, 1.8 points are awarded when caring for a disabled child of group 1. In addition, 3.6 points are assigned to women who take leave to care for their second child.
- Registration of pension after the due date. When a potential pensioner decides to continue working upon reaching retirement age, the Pension Fund is obliged to add additional points to the insurance part. At the same time, the fixed part should also increase annually.
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For example, a citizen decided to apply for a pension 5 years after reaching the appropriate age. In this case, the fixed part should rise by 36%, and the insurance part by 45%.
How to increase your IPC yourself
- Get an official job with a salary of at least 12,000 - 15,000 rubles;
- Get ready for a long-term job or start saving money for your future retirement;
- Aim for at least 15 years of experience.
To find out the amount of pension points, you need to order an extract from the Pension Fund or on the government portal, where you must first register.
Why do you need to buy pension points?
Good afternoon Please tell me how to buy pension points? How much does it cost to buy points and what does the price depend on? Iskitimskiy Slate LLC, commercial department
Pension insurance in Russia applies to all citizens, and employers are required to pay contributions to Russian pensions. At the same time, pension legislation provides that a citizen can also make voluntary contributions to a future pension, his own or someone else’s. For example, when he works abroad, but at the same time wants his pension to continue to form. Or another case: a well-earning businessman husband pays contributions for a non-working housewife spouse.
In order to make voluntary contributions to a pension, you must submit an application to the Pension Fund and transfer one or more payments during the year. The minimum cash contribution from 2021 is calculated based on one minimum wage and is about 29 thousand rubles. This amount gives approximately one pension point per year. The maximum contribution is calculated based on eight minimum wages and, accordingly, allows you to get more points per year.
What are pension points
Pension points are conventional units that measure all accumulated rights of citizens to an insurance pension. Legislatively they are called individual pension coefficients or abbreviated IPC:
Knowing their number, you can easily calculate the amount yourself. To do this, they are multiplied by the cost of one point. In 2021 it is equal to 81 rubles 49 kopecks.
IPCs are necessary not only for calculations, but also for determining eligibility for a pension. A restriction has been introduced on the minimum number of accumulated coefficients. If there are not enough of them upon reaching retirement age, the appointment will be denied.
What to do if there are not enough points to grant a pension? How to earn them or save them in advance? To do this, you need to know how they are calculated and choose the appropriate method for yourself.
When will mothers of four retire?
I turn 55 in May 2021 and have four children. When will I retire? Olga Nesterenko, [email protected]
According to the new law, mothers of four children received the right to apply for a pension early - four years earlier than the new retirement age, that is, at 56 years old. But in your case, this benefit will not be needed, since for women born in 1964 (and also 1965), there is a benefit: the right to apply for a pension six months earlier than the new generally established age. You were born in the first half of 1964 and will be able to apply for a pension at 55 years and 6 months (six months earlier than the generally established age of 56 years), that is, already in November 2021. We remind you that the necessary documents for applying for a pension can be submitted to the Pension Fund one month before the date of pension entitlement.
Point cost
Every year the cost of IPC increases. In 2021, one point costs 74.27 rubles. And in 2021, one point will be equal to 77.3 rubles.
But how does the cost increase?
By law, the cost must increase in proportion to indexation. In 2021, indexation is planned for February 1. And a little later, on April 1, the received price of one point is adjusted based on the approved Pension Fund budget.
As a result of the increase in the IPC, the insurance pension will be increased in early August 2021. For example, in 2021 the increase was only 3 points - 222 rubles.
The government has set a minimum score, which in 2021 will be 11.4. And by 2024 it will be 30!
