What it is?
An important component of the pension reform is considered to be an insurance pension for disability or old age - its concept, terms of assignment and payment procedure are given in Federal Law No. 400. This is the part of pensions that serves as the basis for all pension savings structures.
An insurance pension is a remuneration that the insured person receives every month due to incapacity for work as a result of injury or old age. If the insurer dies, then disabled relatives can receive these payments. This includes minor children and disabled dependents.
What does the total amount consist of?
A pension paid upon old age may be called an insurance pension. It is based on contributions made to the Pension Fund during the period of the pensioner’s working life. The social pension also includes a fixed portion from the state.
If during the period of working activity the pensioner had situations that provided for receiving benefits, then individual allowances are equal to the insurance part of the labor pension paid in old age:
- compensation for difficult working conditions;
- interruption of work for military conscription;
- receipt of disability due to injury in service conditions, length of service.
The funded part of pension payments is converted in two ways:
- To the insurance share, if the pensioner wishes to leave it at state disposal.
- In contributions to non-state PFs, on the basis of a voluntarily signed document.
During indexation, the size of the insurance period and the age of the citizen entering a well-deserved retirement are taken into account. Equally important is the availability of points under the GPF program. Their minimum number should be 30.
Points are awarded for a period of employment exceeding the mandatory length of service, which is 5 years. The lower a person's balance in the plan, the lower their retirement benefits. The minimum length of service allows you to receive only a minimum amount.
On what conditions does its value depend?
The amount of social benefits in old age is influenced by the fact that a person works . From this we can conclude whether he has at least the minimum required insurance experience. If a citizen has been assigned a disability group, this also affects the amount of the benefit. If no allowances are provided, then the pensioner has the right to receive a fixed part established by law (what is the size of the fixed part?).
How much will the retirement pension increase? If we take into account the latest indexation, the size of the old-age social pension is 4959 rubles, and from January 1, 2021, indexation will increase the payment by 3.7%. If a person lives in a region with a regional coefficient, then the pension is calculated with its help.
If a pensioner decides to move to another region, then his benefit will be recalculated taking into account the local coefficient.
More details on how the insurance pension is calculated depending on various situations are described in a separate article.
How to apply and receive
Registration of an old-age insurance pension is carried out on the basis of an application on behalf of its recipient. The addressee in all cases is the Pension Fund. You can contact any department of the organization, both at the place of registration and actual residence.
Related article: Features of the survivor's insurance pension in 2021
You can also submit a package of papers in the following ways;
- through an attorney with a notarized power of attorney;
- by mail by a valuable letter with return receipt requested;
- in the multifunctional center;
- through the human resources department at the place of work;
- on the Internet on the website of the Pension Fund.
Note! The sooner a citizen submits an application, the sooner he will begin to receive benefits.
How does change happen?
Recalculation of benefits occurs in the following cases:
- Retirees reaching the age of 80 .
In this case, the recalculation is carried out automatically from the moment the person reaches the specified age. - Changing the disability group .
Recalculation downwards if the disability group is reduced. It is carried out automatically. It is carried out from the 1st day of the month, which follows the month for which the previous disability group was determined. Recalculation upward also occurs automatically if the application for benefits contains the consent of the pensioner to perform such a recalculation. - Changes in the number of disabled relatives .
Recalculation downward is carried out automatically from the 1st day of the month following the month in which the circumstances that led to the recalculation took place. In order for the calculation to be carried out upward, the pensioner must submit an application and other documentation to the Pension Fund. Recalculation will be performed from the 1st day of the month following the month in which the pensioner’s application was considered and accepted. - Developing the required work experience in areas with poor climatic conditions . For recalculation, a person receiving a pension must appear at the Pension Fund with an application and additional documentation. Recalculation is carried out from the 1st day of the month following the month in which the application from the pensioner was accepted.
We talked in more detail about the features of recalculation of the insurance and labor parts of pensions and the difference between recalculation with an application and automatic ones here.
The procedure for assigning an insurance pension
The pension benefit is assigned immediately after verifying the authenticity of the submitted data. Only real numbers and facts are taken into account. The appointment is carried out by the Pension Fund and is paid no later than a month from the date of registration of the application. Even when applying several months later, the citizen is transferred all the debt from the moment of dismissal, including the calculation of partial months.
Documents for receiving an insurance pension
Before applying for an old-age insurance pension, you need to collect and check the completeness and correctness of filling out the necessary papers.
As a rule, the PF requires the following documents:
- passport or residence permit;
- employment history;
- statement of income for the entire length of service;
- SNILS;
- application (sample).
Sometimes fund employees may require additional certificates. As a rule, all the necessary information can be obtained from the MFC within 5-7 days, and completely free of charge.
Procedure for paying old age pension
After the Pension Fund makes a decision on granting benefits, you can expect it as early as the next calendar month. However, given the pandemic, there may be delays at the moment.
Pensioners can receive benefits:
- in the apartment;
- at the post office.
It’s better to order payments to a bank card so that you don’t have to go to the post office every month or wait for the postman.
The old-age insurance pension is one of the material benefits that people earn and is provided by the state. A person has something to strive for. The more he receives and contributes, the better and more complete his life will be after retiring.
How much is it in Russia?
Minimum
The following factors influence the formation of the benefit amount::
- The amount of wages or income from doing business.
- Type of pension benefit.
- Duration of work activity.
- Availability of service in the military or government agencies (you can read about the difference between a state pension and an insurance pension here).
- Raising young children.
A pensioner will receive the minimum amount of old-age insurance payment if he has minimum insurance transfers, but does not have any length of service. Such a citizen will receive a pension of 5,701 rubles in 2021.
According to the law, the minimum pension cannot be less than the minimum subsistence level determined by the government. This figure in 2021 in the Russian Federation amounted to 8,540 rubles.
You can learn more about what the minimum insurance pension is in Russia and what the size of the minimum payments depends on here.
Average by old age (labor)
What is the amount of the insurance part of the old-age pension, that is, the labor part? According to the Pension Fund, the average old-age benefit in Russia from 2021 is 13,700 rubles. As for what percentage the insurance part of the pension is from salary, if we draw this analogy, it is approximately 40% of the average earnings in the Russian Federation. The average social pension is 8,562 rubles .
The average amount of pension payments received by disabled children is 8,790 rubles. The average disability benefit that people receive is 30,700 rubles.
Maximum
It is impossible to calculate the maximum amount of old-age benefits today. The amount depends on numerous factors, including :
- retirement age;
- amount of work experience;
- salary amount;
- amount of pension contributions.
On the occasion of the loss of a breadwinner
The amount of insurance payable by the state for the loss of a breadwinner cannot be less than the minimum subsistence level established for a particular region.
Table 1 – Cost of living for different regions of the Russian Federation
| Subject of the federation | Living wage (rubles) | |
| For pensioners | For children | |
| Moscow | 11428 | 14009 |
| Sevastopol | 7290 | 9084 |
| Kalmykia | 7023 | 7440 |
| Astrakhan region | 6680 | 8476 |
| Kirov region | 7130 | 8484 |
| Chukotka Autonomous Okrug | 13050 | 18175 |
For military pensioners
Since retirement occurs at the age of 45, military personnel have until the age of 60 to increase the amount of benefits if they earn insurance coverage.
The calculation of pension payments is carried out according to the following principle: length of service (according to the amount of contributions) and the amount of points.
We talked about what an insurance pension is for military pensioners here, and you can read about how the second insurance pension for retired military personnel is calculated in this material.
Social for disabled citizens
The amount of benefits for disabled citizens is determined as follows::
- Persons from the indigenous peoples of the North who are 55 and 50 years old (men and women), children under 18 years old, disabled people of group 2 - 2562 rubles every month.
- For disabled children of the 1st and 2nd groups, disabled people of the 1st group, disabled children, children under 18 years of age, as well as children over 18 years of age when studying in educational institutions - 5124 rubles every month.
- Disabled people of the 3rd group – 2177.7 rubles every month.
More information about what a disability insurance pension is, what is known about the structure and circle of persons entitled to payments can be read in a separate material.
How much is the insurance part of the pension?
Receipt of an insurance pension begins after calculations are made that cover all official work activities of citizens. To clearly understand what the insurance part of a pension is, you should familiarize yourself with the methodology for generating benefits. It consists of an insurance and solidarity part.
Article on the topic: What is an insurance pension, the conditions for its appointment and how to apply for benefits
The calculation is carried out using the formula PP = (IPK × SPK) + FBT , with a breakdown of its components:
PP - the size of the pension benefit.
The calculation is carried out using the formula PP = (IPK × SPK) + FBT , with a breakdown of its components:
PP - the size of the pension benefit.
IPC - individual pension coefficient. The indicator indicates the number of points required to receive the insurance portion of the monthly payments. Now it is 21, and by 2025 it should be at least 30.
The size of the IPC is affected by:
- the total amount of contributions transferred to the insurance fund during the career;
- duration of insurance period, including absences established by law (maternity and maternity, military service, long-term illnesses);
- the presence of increasing coefficients when work activity took place under the conditions established by law.
SPK is the cost of one coefficient on the day the benefit is assigned.
The size of the IPC is set annually; from 01/01/2021 it is 98.86 rubles. On average, the increase is about 6 rubles per period.
FBT is a mandatory social benefit that is accrued to people, regardless of whether or not they have an insurance component. As of 01/01/2021 it is equal to 6044.48 rubles. Revised annually upward.
In accordance with Federal Law No. 350-FZ of October 3, 2018, all age benefits were indexed by 6.3%.
- Indexation during labor activity is not carried out. This procedure is carried out immediately after dismissal, and all missed promotions are taken into account. After a new job, indexation is frozen again, but payments are not reduced.
- Conducting an annual recalculation in August. The points earned during the next period, multiplied by their value, are added to the benefit amount.
Note! If desired, all categories of citizens can initiate the transfer of additional funds from their income to private or public savings funds. Payments are made from the moment specified by the client.
