Many citizens, even after reaching retirement age, prefer to continue working. The main disadvantage of this solution is the lack of indexation of the pension, so it practically does not change over time. Therefore, the citizen loses a certain amount of income.
But after some time, every citizen thinks about stopping work for a calm and measured old age. It is advisable to choose suitable and profitable periods for these purposes.
Loss of income while working
If a citizen continues to work officially after reaching retirement age, he loses a certain part of the state payment. Continuing to work is due to excessively low pensions. But under such conditions, the annual indexation of state payments is lost. The procedure stops only until the person resigns.
The suspension of indexation began in 2021.
Because of such a moratorium, it is quite easy to determine how much income a pensioner loses:
- for 2021, indexation of 4% was charged;
- in 2021 it was 5.4%;
- in 2021, the pension of unemployed citizens increased by 3.7%;
- in 2021, indexation was 7.05%.
Therefore, for non-working pensioners, payments from the state over these years have increased by approximately 20%. In 2021, indexation was carried out in the amount of 6.6%, which had a positive effect on the amount of payment.
The only option that allows a citizen to take advantage of all the above indexations is to stop working, so income is restored after dismissal.
As soon as a pensioner resigns, a recalculation is made to take into account all missed indexations. Additionally, non-working citizens have the right to a special social supplement to their pension, thanks to which their payment increases to the minimum subsistence level.
Although working pensioners gradually increase the size of their pension, since the employer pays insurance premiums for them, this increase is limited to only 3 points. If a citizen’s salary is considered quite high, then the remaining points are not taken into account when recalculating.
Proper dismissal
If a citizen decides to go on vacation, then the question arises about how to properly resign. To do this, you can write a statement of your own free will or draw up an agreement between the parties with the employer.
Most often, people themselves decide to quit, so they fill out a statement. Company managers cannot forcefully fire a retiree without good reason. Old age is not a valid reason for forced cessation of work.
Employers often force pensioners to write a letter of resignation of their own free will, since due to old age people can no longer cope with the assigned tasks, but such actions on the part of management are a violation of the Labor Code.
Conscientious company managers invite older employees to draw up an agreement between the parties. It provides various compensations and payments to dismissed specialists. Therefore, this option is considered more beneficial for an elderly person.
Is it advisable to quit before or after your vacation?
Working pensioners, like other employees of the enterprise, have the right to annual and paid leave. If they decide to quit, then it is taken into account whether they have any vacation time. This takes into account the following features:
- if the vacation was taken out in advance, then some part of the citizen’s income will be withheld by the employer;
- if there are unused days, then compensation is paid along with the salary for the last period of work;
- if a citizen is already on vacation, then he can write a statement at any time and stop working.
The main labor benefits for pensioners include the opportunity not to work for the company for the required 2 weeks, therefore, after drawing up an application, a person immediately leaves the workplace without transferring the case to a new specialist.
The pension is assigned from the beginning of the month following the month during which the citizen resigned. Therefore, it is advisable to submit a statement at the end of the working period in order to receive salary for almost the entire month. Additionally, indexation will be carried out from the beginning of next month.
The procedure for recalculating pensions after dismissal in 2021
The procedure for calculating benefits after a pensioner leaves work duties takes place in several stages.
- A pensioner submits a resignation letter. Moreover, in this case, a two-week work period is not required (as in situations with people who are not in pensioner status). In accordance with Art. 80 of the Labor Code of the Russian Federation, upon retirement, the employer “releases” the worker on the day specified by him in the application.
- In the month following the person’s departure from work, the accounting department provides the Pension Fund with data for the month in which the employee was still working. Fund employees will see the name of the person who resigned in the lists, so for them he is still considered a worker.
- After another month, the name of the retired pensioner will no longer appear in the lists submitted by the employer to the Pension Fund. That is, for the fund, a person becomes a non-working pensioner who is entitled to a recalculation.
- The recalculation procedure itself lasts about a month. At this moment, the pension increases by all increasing factors (their product is multiplied by the amount of pension provision) that took place during the years of employment of the pensioner. Moreover, this increased pension is assigned “retroactively” - from the month following the month of leaving work. During the period while the pensioner was waiting for recalculation (usually about 3 months), he will receive the additional payment immediately (along with the first increased pension). However, compensation in the form of bonuses is not paid for the entire period of a person’s work after retirement. Only from the moment of dismissal.
- In the month following the completion of the recalculation procedure, the person who left the job receives increased security and additional payment for the months of waiting.
What affects the amount of pension and the period of recalculation
In general, the insurance pension is calculated according to the following scheme:
StrPence = IPC*StPK + FixPayout , where
IPC – accumulated pension coefficients;
StPK – the cost of such a coefficient;
FixPayout – the amount of a fixed pension (the basic component of the pension benefit).
It turns out that the size of the benefit is affected by the following three indicators: the size of the basic payment, the number of pension points (depending on the length of service and the amount of labor remuneration) and the price of the pension point.
The cost of the point and the fixed payment are set “from above” and change periodically. For example, in 2021, a point costs 93 rubles, and the PV is 5,686.25 rubles.
Features of indexation calculation
When choosing a termination date, it is recommended to keep these simple tips in mind. These include :
- If a citizen works for a very long time and therefore wants to receive indexation, then he can write a letter of resignation at any time. But it is more profitable to submit the document to the employer on the last day of the month. In this case, indexation will take place from the beginning of the next month. If you quit in the middle or beginning of the month, the person will lose part of their salary, and they will still have to wait for indexation.
- If a person does not want to miss the next indexation, which is offered annually, then he must be registered as a non-working citizen on the date of introduction of indexation. Therefore, the procedure is carried out until the end of December, since indexation is offered from January 1. However, you cannot find a job throughout January.
After official dismissal, a recalculation is made based on all indexations that the citizen missed during the work process.
Recalculation of pension after dismissal in 2021 (timing)
To understand how long a quitter will have to wait for an increased pension, it’s worth once again going through the stages of the recalculation procedure itself. It is best to consider this process using a specific example. Let's assume that the date of dismissal of an employee of retirement age is 01/31/2021.
In this case, we are talking about the following deadlines:
- Until February 15, 2021, the employer sends to the Pension Fund lists of employees for January, and during this month the pensioner was still working, so for the fund he is considered a worker and his pension, accordingly, is not yet subject to indexation;
- After another month (until March 15, 2021), the employer’s accountant submits the next monthly report to the Pension Fund, and the name of the retired pensioner no longer appears in the lists (this means that the fund’s employees finally learn about the dismissal of a person of retirement age and initiate the procedure for calculating the “new” pension) ;
- A month is allotted for the recalculation itself, that is, the updated amount will be calculated by April;
- In May, a pensioner who resigned on January 31, 2021 will finally receive an increased pension with compensation for the three months that have passed since leaving work (February, March, April).
Moreover, if a person gets a job again after a month of rest (say, he stayed at home in February, and officially got a job again in March), the amount of his benefit will not decrease back.
Recalculation of pension if information about the pensioner has not been transferred to the Pension Fund
It happens that the Pension Fund does not have data on a person’s work for a certain period of time (or they are incorrect). Such errors can greatly affect the amount of your retirement benefit. In such situations, the pensioner has to take matters into his own hands - contact the employer for whom he worked at that time and receive an extract based on data from the archive (all documents related to wages are stored for a long time).
This certificate should be attached to the application sent to the Pension Fund in order to eliminate inaccuracies in the information.
Rules for calculating pensions after dismissal
As soon as a person resigns, the procedure for recalculating his pension by PF representatives begins. For this purpose, missed indexations are taken into account.
You can get accurate information about the future payment amount through your personal account on the PF website.
The standard formula is used for calculation:
Insurance pension = sum of accumulated points * cost of one point * fixed payment.
Thanks to indexation, the cost of each point increases, as well as the size of the fixed part. If a person works, then the same values are used that were used when the payment was first assigned. If a citizen resigns in 2021, then the standard payment is applied during recalculation, but the cost of one point will be 93 rubles, and the fixed payment is equal to 5686.25 rubles.
It is recommended that after dismissal you obtain a special certificate from the Pension Fund in order to know exactly what payment the citizen is entitled to. The document is issued on the day of application in paper or electronic form.
The procedure for indexing pensions after dismissal from 2018
90 days after termination of the employment contract - no earlier than this time a full recalculation will take place if the employer has no problems with timely sending data to the Pension Fund. Managers must submit reports monthly, in the first half of the current reporting period. Employees make the decision to pay an increased pension in the month following the period of last receipt of information.
The standard recalculation algorithm looks like this:
- An example is taken when a person quit in April.
- According to the text of the reporting for May, the citizen is still counted as working.
- Current data will be in documents issued for June.
- July is the month of pension indexation according to the decision of the Pension Fund.
- Payments are transferred for the first time in August.
Do I need to notify the PF of my dismissal?
By law, citizens are not required to give notice to Pension Fund representatives about their dismissal or employment. The information is transmitted by the employer, who submits monthly reports to the organization. The information is recorded on the personal account of each citizen.
But on the basis of Federal Law No. 400, people can contact PF employees to transfer information about their dismissal. To do this, you can personally visit a service branch or submit an application through State Services. The corresponding form is also available on the official website of the Pension Fund. But this does not in any way affect the rules and date of recalculation, so submitting an application in person will not affect the speed of indexation.
Rules for forming an application
If a citizen wishes to convey information about dismissal to PF employees, then they must draw up a statement in any form. The text contains personal information about the pensioner, and also indicates the last place of work. Information about the date of dismissal is provided, as well as a request for recalculation.
The document can be submitted in paper or electronic form.
What payments are assigned after the dismissal of a pensioner?
Pensioners receive the same benefits upon dismissal as other citizens. These include:
- salary for the period worked;
- vacation compensation if all rest days were not used;
- severance pay if an agreement is drawn up between the parties or during downsizing and liquidation of the organization.
Some collective agreements provide for bonuses or other payments that resigning citizens can count on.
Dismissal of a working pensioner due to staff reduction
To dismiss a pensioner during a reduction in staff, it is necessary to comply with all general procedures preceding the reduction in accordance with labor legislation, regardless of the age of those being dismissed:
- At the enterprise, in relation to the units proposed for reduction, a part-time or a week must be established
- There should be a formal reduction in staffing levels
- The commission involved in the reduction must analyze the lists of employees to identify categories that have a preferential right to be retained at the enterprise. First of all, these include qualified personnel. In addition, collective and labor agreements may establish additional guarantees: for working pensioners, for workers who have worked at the enterprise for over 25 years, etc.
- A pensioner whose position has been laid off must be offered the option of moving to another position.
- A working pensioner must be officially notified of the upcoming layoff at least two months in advance
How much will the payment increase?
After dismissal, a recalculation is carried out, with the help of which a citizen can count on an increased pension. Its size depends on the number of missed indexations and the initial size of the fixed payment and the cost of the point.
Since a person worked after reaching retirement age, a maximum of 3 points are added for each year of work, which has a positive effect on the pension. If a person has worked officially since 2021, then the total indexation in 2020 will be 26.75%, which will allow for a truly significant increase.
