Pension is the payment of people who have reached retirement age. Various types of pensions have been adopted in our country. Old age pension – paid to men after 60 years and women after 55 years. In addition, there is a disability pension and a survivor pension.
In order to get an old -age pension, you need to have at least 5 years of experience. The full charge of the pension is carried out for men having more than 25 years of experience, and for women having more than 20 years of experience. So that when calculating the pension, insurance experience must be taken into account, it is necessary to receive an insurance pension certificate.
The size of the retirement pension consists of several parts:
The insurance part of the pension consists of a fixed basic pension size that guarantees a citizen minimum income. This part of the pension is determined by the status of a person and does not depend on earnings and work experience. For pensioners over 80 years old and for disabled people of the 1st group, this part of the pension is much higher. The second part of the insurance pension is pension capital, which is accumulated during the expulsion of the Pension Fund during the period of labor activity;
The funded part of the pension. The employer, for each of his employee, is deductions to the insurance part of the pension and for the funded part of the pension. Thus, accumulative capital is formed, the funds of which can be in the State Pension Fund or transfer of funds to a non -state pension fund is allowed. Each citizen can make a choice of an organization that will invest in the funded part of the pension. At the same time, the State Pension Fund invests funds only in the securities of the state, while having a relatively low, but stable income. Non -state pension funds can invest in shares of any enterprise, so they may have either income or loss. Information about the funded part of the pension can be found from a letter of the Pension Fund, which each person receives annually;
The expected insurance part. Consisting of funds deducted by the employer for insurance premiums. Information about this part of the pension can also be learned from the letter of the Pension Fund.
Currently, the calculation of the pension is quite complex and voluminous for independent calculation, because it has many variables. For clarification and comparison, it is best to contact the Pension Fund.
