By what percentage will your pension increase this year? Latest news on pension indexation. Which categories of pensioners will have their pensions indexed?
Payment of increased pensions for January 2020 will be made from the end of December 2019. Those who receive payments through Sberbank and other banks will be able to start spending them already on the New Year holidays!
What should pensioners do if their pension dates fall on these days? First of all, don't worry! You will receive your due payments, taking into account the 2020 indexation, on time or even earlier.
The corresponding decision was made on December 20 at a meeting of the board of the Russian Pension Fund (PFR).
When will increased pensions for January 2020 be paid?
In particular, the following information is posted on the official website of the Pension Fund.
“At the end of December, the Pension Fund advances the payment of pensions, benefits and monthly cash payments for January 2020. Starting from December 25, PFR branches will begin transferring funds to Russian Post, and from December 27 – to credit organizations, including Sberbank.”
The PFRF message also states that “for some pensioners receiving payments through the bank, the crediting of funds for January 2020 will begin on December 30. For pensioners receiving payments through Russian Post, delivery will be organized according to the standard schedule starting January 3, 2020.”
What does it mean?
And the fact is that for pensioners who receive payments through banks, and in the first days of the month, the January pension will arrive on their cards no later than December 31, 2019. The rest are on schedule.
For pensioners who receive payments through Russian Post, January payments will begin on January 3, 2020.
When the pension for January 2020 will be delivered to you, you can find out at the local branch of the Pension Fund of Russia.
And some branches came to the rescue and already posted this information themselves.
Here, for example, is what the PFR Branch for Moscow and the Moscow Region reports on this matter.
Pension payment schedule for January 2020 in Moscow
The Moscow and Moscow Region Branch of the Russian Pension Fund reports that due to holidays in January 2020, payment of pensions and other social benefits for January 2020 will be carried out according to the following schedule:
Department of the Federal Postal Service of Moscow - branch of the Federal State Unitary Enterprise "Russian Post":
The remaining days are according to the established schedule;
UFPS Moscow Region - a branch of the Federal State Unitary Enterprise "Russian Post" and alternative home delivery services for pensions:
LLC "Mercy":
Financial and credit institutions:
Pension payment schedule for January 2020 in St. Petersburg
In St. Petersburg there is a different January pension schedule.
The PFR branch for St. Petersburg and the Leningrad region reports that in December 2019 there will be no early payment of the January pension. Payments of pensions, monthly payments and other social payments will be made according to the schedule in January 2020.
Payments at post offices in St. Petersburg and the Leningrad region will begin on January 3. On this day, those who are scheduled for payments on the 3rd-4th will be able to receive pensions, on January 6th - those who are scheduled for the 5th-6th, etc. A pension not received according to the schedule can be received until January 22, 2020.
Sberbank will begin payments in the Leningrad region from January 17, in St. Petersburg - from January 20. Other credit institutions will begin payments on January 16.
You can find out when the January pension will be delivered to you at the local branch of the Russian Pension Fund or the bank through which you receive payments.
How much higher will the pension be for January 2020?
BY THE WAY
From January 1, 2020, maternity capital will also increase
If the owner of the certificate has not used the maternity capital in full, the balance of funds will also be indexed by 3%.
The areas for using maternity capital still remain the same: improving the family’s living conditions, educating and maintaining children in educational institutions, increasing the mother’s pension, purchasing goods and services for social adaptation and integration of disabled children into society, receiving a monthly payment.
Russians can expect another pension increase in 2017. The latest news came from the Russian Government, which published a corresponding decree signed by Prime Minister Dmitry Medvedev.
On Tuesday, March 21, Prime Minister Dmitry Medvedev signed a document according to which, from April 1, 2017, social pensions will be indexed in the amount of 1.015.
To approve the indexation coefficient of social pensions in the amount of 1.015 from April 1, 2017, says the resolution published on the official portal of legal information.
According to Rosstat, the cost of living for a pensioner increased by 1.5% in 2016. And the social pension, as you know, is indexed based on these data and does not depend on the level of inflation.
Indexation of pensions in 2017
Next year, pensions will be indexed according to the usual scheme, Russian Prime Minister Dmitry Medvedev said during an interview with journalists from leading Russian television channels.
“Next year it was decided to return to the usual indexation of pensions. That is, in the first quarter of next year, the pension will be indexed by 5.8% - according to inflation for the current year,” the prime minister noted.
According to the official, “huge amounts of money” are planned for indexation of pensions in next year’s budget. “In total, this is 7 trillion rubles,” Medvedev assured.
Let us recall that this year the indexation of pensions was replaced by a one-time payment of 5 thousand rubles. “As a result of the payment, the real size of the pension will increase. This five thousand payment, in fact, means the second part of indexation. And for some pensioners, these 5 thousand are more than they would receive with indexation,” Medvedev noted.
Indexation of pensions from February 1, 2017
Indexation of pensions in February 2017 will be carried out in full for 2016 inflation.
The draft budget of the Russian Pension Fund for 2017 and for the planning period of 2018 and 2019, adopted by the State Duma on December 9, provides for a forecast inflation rate of 5.8%. The size of the fixed payment after indexation will be 4,823.35 rubles per month, the cost of the pension point will be 78.58 rubles (in 2016 – 74.27 rubles). The final indexation amount will be known in January, when Rosstat publishes the official inflation rate. The individual pension coefficient for all pensioners will be indexed exactly by this index.
Indexation of survivor's pensions
The Cabinet of Ministers decided to index survivor pensions from April 1, 2017 in full, as required by law. From April 1, 2017, survivor pensions will be increased, and from February 1, 2017, social payments and the cost of preferential services will be indexed.
How much will pensions increase for families who have lost their breadwinner?
The indexation of pensions in the event of the loss of a breadwinner will be 5.4 percent, this figure was announced in the Cabinet of Ministers. The government promised to index pensions twice in 2017; from February 1, social payments will be increased for all categories of pensioners, and from April 1, survivor pensions will be increased. Pensions will be increased according to actual inflation; there will be no one-time payments like in 2016. The increase in pensions will continue as before.
Insurance pensions
Insurance pensions from February 1, 2017 will be indexed to the official inflation rate of 2016. The consumer price index, according to official data from Rosstat, for the past 2016 amounted to 5.4%. Accordingly, from February 1, 2017, insurance pensions will be indexed by 5.4%. In addition, in accordance with the statement of the head of the Ministry of Labor Maxim Topilin following a meeting of Russian President Vladimir Putin with members of the government, from April 1, 2017, pensions will be indexed by 0.4%. As a result, the overall indexation of insurance pensions in 2017 will be 5.8%.
The average annual old-age insurance pension in 2017, as a result of indexation, will be approximately 13,657 rubles.
Unfortunately, we have to admit that pensions of working pensioners in 2017 will not be indexed in the same way as in the previous year. Moreover, pensions of working pensioners will not be indexed until at least 2019. Currently, the number of working pensioners in Russia is estimated at 9.6 million people.
In addition to insurance pensions, from February 1, the monthly cash payment (MCB), which is paid monthly to all federal beneficiaries (all disabled people, combat veterans, Chernobyl victims - almost 16 million people), will be indexed. The EDV, as well as insurance pensions, will be indexed by 5.8%.
State pensions, including social pensions
State pension pensions, including social pensions, will be indexed from April 1, 2017, taking into account the growth index of the pensioner’s cost of living for 2016. These pensions will be indexed for both working and non-working pensioners. The draft budget of the Pension Fund for 2017 provides for an increase in this type of pension by 2.6%
Let us remind you that pension legislation guarantees annual indexation of insurance pensions from February 1, taking into account the inflation of the previous year.
This is how it was until 2015. However, in 2016, against the backdrop of an extremely unfavorable economic situation, pensions were indexed by 4%, with the caveat of possible additional indexation based on the results of budget execution in the first half of the year.
Insurance pensions and social payments will be indexed to the inflation rate
Moscow. January 11. INTERFAX.RU - From February 1, insurance pensions and social payments will be indexed to the level of inflation, said the head of the Ministry of Labor Maxim Topilin.
“From February 1, 2017, insurance pensions will be indexed in accordance with the inflation rate - by 5.4%,” Topilin told reporters following a meeting of the president with members of the government on Wednesday.
Also, from February 1, all social payments will be indexed to the inflation rate - child benefits, payments to war veterans, and disabled people. This indexation will also be 5.4%.
The other day Minister of Labor and Social Protection of the Russian Federation Maxim Topilin officially announced: “In 2017, insurance pensions for non-working pensioners will be indexed in accordance with actual inflation for 2016. Rosstat will determine the value in January next year. Now the draft budget of the Russian Pension Fund for 2017 includes expenses based on inflation for 2016 in the amount of 5.8%.”
As of October 3, 2016, inflation, according to Rosstat calculations, is 4.1%, which means that by the end of the year it will reach the predicted 5.8%. Of course, the figure for pensioners is not very optimistic. If now the average old-age insurance pension is 13,100 rubles, then the increase on February 1, 2017 will be only 760 rubles. Note that the minister is talking only about non-working pensioners. Does this mean that those working will again be left without an increase? AiF turned to experts with this question.
Vice-Rector of RANEPA Alexander Safonov:
- Exactly. The practice of abolishing indexation for working pensioners, which began this year, will continue in the future. Of the 42 million pensioners, more than 15 million people are working. By canceling the indexation of pensions, the state has very good savings.
Working pensioners will have only one chance to increase their pension: on August 1 of each year, the Pension Fund makes a recalculation for them using the contributions that the employer continues to make for them. But if previously the principle “earned a lot, received a lot” was in effect, then since 2015 everything has changed dramatically. The new law on insurance pensions, which introduced a point system, infringed on the rights of working pensioners: now on August 1 they can earn no more than 3 pension points. In 2016, a point costs 74 rubles. 27 kopecks, so the maximum increase was only 222 rubles. 81 kop. (RUB 74.27 × 3).
Now they are discussing a proposal to remove this increase too. One of the State Duma deputies proposed giving working pensioners the opportunity to choose: refuse to recalculate pensions on August 1 in exchange for future benefits. The government supported the initiative. If this fall the new State Duma passes the law and at least half of pensioners refuse recalculation, in 2017 the Pension Fund will save up to 12 billion rubles. But will the pensioners themselves agree to this?
Doctor of Law, Professor at Moscow Law University. Kutafina Elvira Tuchkova:
— Budget savings will be short-term, and only if working pensioners begin to massively refuse recalculation, which I personally highly doubt. For those who receive up to 18-20 thousand rubles. per month (and these are the majority in our country), there is no point in writing a refusal statement at all: pensions are now increased by a maximum of 3 pension points, and they will not earn more anyway. For others, the benefits are also questionable.
What does the government offer? Refuse to recalculate in exchange for the fact that after finishing work, not 3, but all points legally earned during the year will be taken into account. I think that none of the pensioners in their right mind and sober memory would buy such promises. Even if the pension increases annually by a ridiculous 222 rubles. (and next year the recalculation should be a little more), in a year you can get 2664 rubles. If you plan to work for another 3 years, it will be almost 8 thousand rubles, 5 years - more than 13 thousand rubles. Will it be possible to at least return this money in case of refusal? This is a very big question...
Personally, as a working pensioner, on whom the government once again wants to save money, I say a categorical “no!” I will not refuse recalculation. Better now is a bird in hand in the form of 222 rubles than the promised pie in the sky. I am aware of the unstable economic situation in the country and understand how often the rules of the game change. What will happen in 3-5 years? What other new pension rules will they come up with for us during this period? Unknown. People are already tired of pension reforms and do not believe them. Look how many times we have been deceived in recent years alone. Since 2015, the new law “On Insurance Pensions...” has prescribed indexation according to the level of inflation. This norm was immediately abolished, and workers were completely deprived of indexation. Until 2015, all current contributions to the Pension Fund of the Russian Federation were taken into account for working pensioners, then they were limited to 3 points, and now they are trying to abolish them altogether, offering people some choice... Moreover, now the idea of not paying pensions to working people is constantly coming up. What kind of faith in promises can we talk about given such chaos in the pension system? While there is no stability and certainty, my advice to all pensioners is: it’s better to take the money now, while they can give it.
Already from January 1, the labor pension for non-working pensioners (for old age, disability and loss of a breadwinner) will increase by 3.7 percent. This indexation will be carried out one month earlier than usual, since the Government has decided to index these types of pension payments above the inflation rate, which in 2017 was at a record low level (less than 3%).
Attention
The moratorium on indexation of pensions in 2018 will be maintained - that is, employed citizens who are already retired will be able to count only for recalculation from August 1 based on accrued pension points for the previous year. They will be able to receive all the indexation missed during the moratorium.
Photo pixabay.com
In addition to the indexation of pension payments, in 2018 there will also be changes in the basics of pension provision for Russian citizens, which will affect the conditions for retirement upon reaching retirement age and the formation of pension rights of working citizens. Another question that concerns pensioners in connection with the onset of the new year is whether there will be such a payment (alas, but no - this time there will be no such payment).
Indexation of pensions in 2018
According to the provisions of Law No. 400-FZ of December 28, 2013, insurance (labor) pensions of citizens must be indexed annually from February 1 to the inflation level of the previous year, and if the Pension Fund has additional financial resources, indexation is carried out again on April 1. But the new year is traditional The procedure for indexing labor pensions will change: their increase will occur 1 month earlier - already.
Social pensions and other social payments made by the Pension Fund, will be promoted as usual to the actual level of price growth for 2017:
At the same time, an increase in insurance pensions. Let us recall that the indexation of pensions for working citizens was suspended in 2016 due to the difficult economic situation in the country. This freeze helped save the state 12 billion rubles. However, all missed indexations must be compensated to the citizen already.
Pension increase from January 1, 2018 (latest news)
In accordance with the law adopted by the State Duma on December 15, 2017 (introduced by the Government as bill No. 274624-7) on changing the procedure for indexing insurance pensions in 2018 all types of pensions (old age, disability, survivors) should increase from January 1, 2018 by 3.7%. The previous procedure for increasing labor pensions is suspended until the beginning of 2019, and this increase does not apply to working pensioners (see the text of the law below).
It should be borne in mind that any insurance pension consists of two parts:
- fixed payment(or FV) is a constant value guaranteed by the state (for all categories of recipients it is set in a fixed amount);
- directly insurance part- this is an individual calculated value, which depends on the number of pension points earned during work.
January indexation will affect both parts of the pension as follows:
- The fixed payment will be increased by 3.7% and will remain unchanged 4982 rubles 90 kopecks, its increase or decrease is legally established for certain categories of citizens by Law No. 400-FZ of December 28, 2013;
- The insurance part of the pension directly depends on the points earned by the pensioner, the cost of which will increase from January 1 by 3.7% and amount to 81 ruble 49 kopecks.
Attention
In 2017, actual inflation in the country was recorded at no more than 3%. Consequently, the increase in pensions proposed by the Government by 1.037 times in 2018 formally covers the increase in consumer prices (although, of course, in its absolute value this increase will be very small - the increase will be even less than in previous years).
Increase in social payments to pensioners in 2018 from February 1
From February 1, 2018, there will also be an increase (indexation) of all social payments of the Pension Fund provided for various categories of citizens (disabled people, veterans, heroes of Russia, etc.). They are provided in the form of monthly cash payments (MCB), an integral part of which is also a set of social services (NSS).
In general, NSU consists of three parts (medicines, travel and sanatorium treatment) and is provided at the choice of the pensioner in one of two ways:
- in kind (that is, directly by social services);
- in monetary terms when refusing natural food.
The cost of a set of such services (each part separately) is determined by law and increases in direct proportion to the growth of the monthly payment (EDV) - i.e. by the same percentage. In 2018, this increase is planned at a level of less than 3%, so beneficiaries will hardly feel such an increase. The preliminary values of EDV and NSU in 2018 can be found in the table.
Attention
Thus, from February 1, 2018, it is planned to index social payments (including a set of social services) to the actual inflation level of last year. In the draft Government resolution, this value was fixed at 3.2%, but actual inflation will be less than 3%, so the increase will be even smaller (the same applies to child benefits in 2018).
Indexation of social pension in 2018 from April 1 by 4.1%
A social pension is a special type of pension, which is characterized by the pensioner’s lack of work experience for some reason. Such a pension is assigned in a fixed amount approved by law. And, as a rule, the size of social pensions is significantly lower than the calculated labor (insurance) pensions.
It should be noted that in the last two years there has been a decrease in the established growth rates of social pensions. So in April 2017, this type of pension was indexed by only 1.5%. In 2018, it is planned to reach the usual (pre-crisis) increase in the level of this type of pension provision - the projected growth of social pensions in April 2018 will be approximately 4.1%.
Unlike labor pensions, indexation of social pensions is tied to change in the cost of living of a pensioner for the previous year. Therefore, the amount of indexation of insurance and social pensions for the same year may differ (although in both cases it is associated with actual increase in consumer prices).Thus, one of the positive changes in 2018 is a more noticeable increase in the cost of living (LS) in the country, including separately by region. At the same time, the established PM allows all non-working pensioners to receive additional payments (the so-called social supplements up to the subsistence level- federal and regional), if the size of their pensions is lower than the approved values.
Attention
According to the law, the level of a citizen’s pension should always be not lower than the subsistence level in the region, in which he lives (hence the seemingly strange statements of the Government that “There are no low-income pensioners in Russia”— they all receive pensions in combination with other social benefits in an amount not less than the monthly minimum wage.
Since 2010, pension applications have already included a section on receiving social benefits. If your pension was assigned before 2010, and you did not submit a separate application for an additional payment, and the pension amount is below the established subsistence level in the region, then you must independently contact the territorial bodies of the Pension Fund.
Pension increase in 2018 in Russia for working pensioners
The laws adopted in the State Duma do not provide for any changes for the working population receiving pensions for 2018. This means that working pensioners will continue to receive pension amounts without annual indexation.
Let us recall that the indexation of pensions was stopped in February 2016 for those citizens who continue to work, having exercised their right to pension provision. The Government’s plans included not indexing pensions for working Russians up to 2019.This moratorium on pension indexation operates as follows:
- Those citizens who retired before February 1, 2016 and retained their jobs will remain without an increase in their pensions from February 2016.
- For citizens who became pensioners after February 1, 2016, when calculating the individual pension coefficient (IPC), all increases that took place on the date the right to a pension became available are taken into account.
- If you continue to work and simultaneously receive a pension, all subsequent indexations from the date of employment will again not be applied.
Attention
Working pensioners have the right to increase their pension only through annual recalculation according to the employer. From August 1 of each year, the pensions of such citizens increase by the number of points taken into account in the previous year for the period of labor activity and payment of insurance contributions during this period. But no more than 3 points per year!
An example of how working pensioners will recalculate pension indexation in the Pension Fund
A woman born on May 1, 1962, retired in 2017 within the period established by law and continues to work. What indexations will be taken into account when determining the size of the pension? And from what time will the pension stop being indexed?
The calculation of the pension for this woman will be made on the date May 1, 2017. When calculating the IPC, all approved pension growth indices will be taken into account, starting from 2015 to 05/01/2017.
- The cost of one pension coefficient will be taken as of 05/01/2017 - this is 78.58 rubles.
- The fixed payment included in the insurance pension will be taken into account taking into account indexation as of May 1, 2017 and is equal to 4805.11 rubles.
Further, subject to continued performance of paid work, all subsequent indexations of singing after appointment will be suspended. Those. the indexation carried out will no longer be applied to this woman’s pension. And this will continue until she quits her job or is fired by her employer.
Indexation of pension after dismissal of a working pensioner in 2018
In 2017, a law was adopted according to which the period for recalculating pensions after dismissal was changed. In 2018, working pensioners will be able to receive a pension with all missing indexes from the next month after dismissal. At the same time, the pensioner himself will not need to additionally apply to the Pension Fund, since this recalculation is entirely based on the monthly reporting of employers!
Previously, after leaving work, the pensioner received a recalculation of the pension received, taking into account all indexations in three months:
- the first month is the submission of reports to employers to the Pension Fund about citizens working in the organization;
- the second month - data on the fact of work was loaded into a single software package operating nationwide;
- the third is the adoption by the territorial body of the Pension Fund of the Russian Federation of a decision on recalculation.
Attention
For citizens who stopped working in 2018, the period for calculating pensions is reduced, taking into account indexations missed during work. This will be possible after entry into force from January 1, 2018 Federal Law No. 134-FZ of July 1, 2017.
However, the process of additional accrual of missed increases will be the same for technical reasons will also take several months. But after this, when paying an already recalculated pension after 3 months, an additional payment will be made for the entire period following dismissal.
This innovation applies only to those who have been laid off. after January 1, 2018. If a pensioner quit, for example, in December 2017, then the indexation of his pension will be carried out only from April 1, 2018 - without additional payment for the period from January to March (in other words, these months will be lost).
Photo pixabay.com Latest news and latest changes in pensions
As has already become clear, the increase in pensions in the new year for most categories of pensioners (barely noticeable) or, as for the large category of working pensioners - . But in the new year demands will increase to already formed pension rights and the level of wages of Russian citizens for retirement:
No other significant changes are expected in the Russian pension system in 2018. In particular, the amount expected by many in the amount of 5,000 rubles will not be paid in 2018- this was a one-time, one-time additional payment that was due to all pensioners in January 2017 in return for the additional indexation required by law that was missed in 2016 (and there is simply no reason to pay it in 2018).
Attention
And one of the few truly good news for Russians is that no decision has yet been made on what is relevant for those who are still working or planning to retire (including men born in 1958 and women born in 1963).
Will there be a one-time payment of 5,000 rubles to pensioners in 2018?
At the beginning of 2017, recipients of all types of pensions, regardless of the fact of work, received an additional payment in the amount of 5,000 rubles. This measure was necessary in the current economically unstable situation.
Against the backdrop of a high level of inflation and the impossibility of carrying out additional indexation of pensions, in 2016 a decision was made to make a one-time payment to citizens’ pensions (Law No. 385-FZ of November 22, 2016). Thus, the pensions of Russians were “conditionally re-indexed”, many of whom perceived this simply as a New Year’s gift.
Currently, according to the Government, the economic situation in the country is normalizing. Over the past 12 months, the increase in consumer prices (inflation) does not exceed 3%, and pensions in 2017 rose in total according to two indexations by 5.78%.
The upcoming indexation of 3.7%, planned for January 2018, exceeds the inflation rate for 2017. Therefore, no additional one-time payments (5 thousand rubles or any other) will be made besides!Will there be an increase in the retirement age in 2018 (latest news)
In the last few years, the most discussed and acute issue for Russians is question of increasing the retirement age. In many other countries, including post-Soviet ones, corresponding decisions have already been made and are being implemented.
- For example, from January 2017 in Belarus the retirement age will be increased annually by six months until women reach 58 years and men 63 years. In Kazakhstan, the same values apply - for women at 58 years old, for men at 63 years old.
- In many developed countries, such as Germany, men become pensioners at 65 years old, and women at 60 years old.
- In Ukraine, the Verkhovna Rada adopted a law on pension reform, which also included an increase in the current retirement age.
Attention
Now this issue has come to a head in Russia. According to the Government, it is primarily due to the fact that the working age in the country is increasing - i.e. About a third of Russians already stop working later than retirement.
However, due to the great unpopularity of this measure, the Russian Government has not yet made a final decision on extending the retirement age (although many consider this issue resolved and note that it will most likely begin to be implemented after the next presidential elections, which will be held in March 2018 — but for now these are just rumors).
How many points and work experience do you need to retire in 2018?
Since 2015, a point system for calculating labor (insurance) pensions for citizens has been in effect, in which insurance premiums paid to the Pension Fund by the employer for its employees are transferred from rubles to relative values (points). The amount of contributions taken into account for the year is correlated with the maximum accountable amount of contributions approved by the Government, which corresponds to 10 pension points(this is the maximum that can be received in one year).
But in order to obtain the right to retire in old age within the generally established time limits, it is necessary to comply three mandatory conditions:
- reaching the age established by law;
- availability of insurance (work) experience;
- the presence of an established value of the individual pension coefficient (IPC) or, in other words, the size of pension points.
It should be noted that this only applies to old age pensions! Other types of pensions for compulsory pension insurance (disability, survivors) are appointed independently on the length of work (insurance) experience and the number of points received.
Attention
Since 2018, a mandatory condition for granting a pension upon reaching retirement age (currently 55 years for women and 60 years for men) is the availability of 9 years of experience and 13.8 points individual pension coefficient (IPC).
An example of calculating pension points from 2015 to 2018
For a man born in 1965, he has an official salary before income tax (NDFL) of 30,000 rubles (accordingly, annual earnings are 360,000 rubles). Let’s assume that this citizen’s salary has never increased since 2015. At the same time, deductions are not made for him to the funded part of the pension, since he was born before 1967. Thus, the employer pays insurance premiums for this man to an individual personal account in the amount of 16% of earnings before personal income tax - that is, 16% × 360,000 = 57,600 rubles per year. Let's calculate how many points this man has earned since 2015, when the new pension formula came into effect.
Every year the Government approves for these purposes the so-called salary cap, the amount of mandatory contributions from which to the Pension Fund of the Russian Federation to a citizen’s individual personal account is 16%. Thus, the maximum established salary in the country from 2015 to 2018 is the following values (see table below).
In 2018, the insurance base for contributions to the Pension Fund will be 1,021,000 rubles according to Government Decree No. 1378 dated November 15, 2017. Then the maximum amount of insurance premiums taken into account for the year, accepted for 10 points, will be 163,360 rubles (an increase of almost 17% compared to 2017).
Attention
Therefore, every ruble earned in 2018 will “depreciate” when transferred to pension points relative to 2017 by immediately 1 - (1 / 1.17) = 15%, and relative to the level of 2015 - by more than 30! Therefore, it is not enough to have only a constant high salary to form decent pension rights. So that their volume does not decrease from year to year, according to the new pension formula salary must grow by at least 10% per year(see table above).
Let's return to our example. To convert monthly earnings of 30,000 rubles into points, you need to correlate the salary data (taking 16% of annual earnings, which in the example under consideration will be 57,600 rubles per year) to the established limit values and multiply by 10:
- 57600 / 113760 × 10 = 5.06 points earned by a citizen in 2015;
- 57600 / 127360 × 10 = 4.52 points in 2016;
- 57600 / 140160 × 10 = 4.11 points in 2017;
- 57600 / 163360 × 10 = 3.53 points will be earned in 2018.
