Several years ago, a reform was carried out in Russia, during which citizens were asked to choose a pension model for citizens of a certain age category. As a result, some decided to direct their personal pension contributions to the formation of only the insurance part, while others decided to pay simultaneously to the funded and insurance ones. Now many are wondering how retirees get funded pension? What is needed for this and where to go?
Pension law
All the nuances associated with the procedure for the formation and return of the funded part of the pension are contained in two federal laws: “On the funded pension” and “On the procedure for financing payments”. In accordance with the norms of these acts, citizens have the right to receive their own funds that were accumulated in their personal account with the Pension Fund. How to receive a pensioner funded pension?
The main condition is the achievement of a working age, which today is 65 for men and 60 for women. The heir of a pensioner who has not had time to use his right to return savings in connection with death will be able to receive money as a lump-sum, urgent or unlimited payment.
Who is eligible?
The legislation establishes the ability to apply for and receive the funded part of the pension. How can a pensioner insured in accordance with the provisions of the specified regulatory acts regain their money? It is interesting that, along with the Russians, foreign citizens permanently residing in the territory of the Russian Federation and stateless persons are endowed with the same right. Savings in a personal retirement account are with citizens who:
- born in 1967 or later, chose a funded pension model rather than an insurance one;
- born in the period 1954-1966, officially employed in the territory of the Russian Federation from 2002 to 2004;
- are participants in a state pension financing project;
- sent family capital funds to replenish an individual account with pension savings.
Disabled age
As you know, in 2018, important changes were made to pension legislation related to raising the working age. From January 1, men will retire from the age of 65, and women from the age of 60. So, how can a pensioner get a funded pension? To do this, he must be entitled to insurance payments upon reaching working age or upon retirement ahead of schedule (in the presence of certain circumstances), as well as own savings on an individual account in the RF PF.
As for the succession, relatives or persons indicated in the will have the right to inherit pension savings.
The basis for assigning the payment of savings to the insured citizen is an application submitted to the pension fund of state or non-state form of ownership. Along with the application, it is necessary to provide documents that would serve as official evidence of the existence of appropriate grounds for receiving funds.
Before receiving a funded pension, the pensioner should clarify the difference between the allowance assigned to him by old age and the amount of savings. If the latter amount is less than 5% of the amount of social pension and monthly payment from savings, can a pensioner receive the funded part of the pension in full? Yes it is possible. It is enough to write a statement, and the entire amount will be paid in one go.
As an example
Citizen Ivanov Ivan Ivanovich reached retirement age and became a recipient of social pension benefits in the amount of 8500 rubles. The amount of savings of Ivanov I.I. is 265 thousand rubles. In 2019, the waiting period for payments is 252 months. This means that you can calculate the amount of the monthly payment by dividing the savings by the waiting period by 252.
Consequently, the cumulative pension of Ivan Ivanovich will be:
265,000 rubles / 252 months = 1,051.59 rubles.
If you add this amount to the allowance assigned upon reaching working age, you get the amount:
8500 + 1051.59 = 9551.59 rubles.
Since the percentage of monthly savings payments is 11% (1,051.59 / 9551.59 rubles), Ivanov will receive a pension in the amount of 9551.59 rubles.
Where to go for information
Where can a pensioner receive the funded part of his pension? The Pension Fund of the Russian Federation is responsible for calculating and issuing funds, so you need to apply to any of its territorial branches, unless, of course, the citizen paid the contributions there, and not to non-governmental organizations. You can check the amount of savings at any time and for this you do not have to wait for the onset of working age. There are several ways to do this:
- visit the branch of the RF PF;
- go to the official website of the institution and get the necessary information online;
- through the public services portal.
Thus, without leaving your home, it is easy to find out the state of your personal account, that is, the size of the funded pension. How can a retiree get information on the Internet? To do this, it is enough to enter in the required fields F. I. O., passport data and SNILS number.
What will happen to the money during continued employment
The size of the regular payment from the savings is calculated taking into account the savings available at the time of reaching the working age. Every year on August 1, the RF PF recounts all payments and adjusts the amount of benefits due to additional income or unaccounted income. In this regard, many are interested in how a working pensioner receive the funded part of the pension. Therefore, if a citizen who has reached retirement age continues to work and increase his savings, the amount of his pension will be even higher than at the time of reaching 65 years (for men) or 60 years (for women).
When can I apply for payments, accrual procedure
If a citizen has not reached retirement age, he will not be able to get his savings. Savings are returned to the citizen only after the moment with which he acquires the right to pension benefits. The pension will not be automatically calculated, therefore, upon reaching the working age, each pensioner has the right to apply to the PF of the Russian Federation and receive a funded pension. Working pensioners, as a rule, are in no hurry to apply for social benefits. In any case, while a citizen is employed and contributions to the RF PF are paid for him, the amount of savings only increases.
Those citizens who are legally entitled to early retirement pensions can also receive the funded part of the pension. How can a pensioner who has not reached working age declare his intention to take advantage of his own savings? In this case, the registration procedure will not differ much from the standard. You need to submit an application to the institution where his money is stored - in a state or non-state fund. Thus, you should contact where contributions were made during the course of your work. If a citizen during the course of his career paid money to the PF of the Russian Federation, but at the last moment decided to go to a non-governmental fund, you need to apply for savings to the organization serving the citizen at the moment.
One-time cash payment from retirement savings
So, can a pensioner receive a funded pension? There should be no doubt - every insured citizen who has reached working age has the full right to receive his legal savings. At the same time, the RF PF leaves him the right to choose: the insured person can make both urgent and unlimited payments. Although many citizens would like to know how to receive a pensioner the whole funded pension right away. In some cases, this procedure for issuing funds is really possible: the entire amount of savings is paid once. This method is possible if the monthly amount is less than 5% of the old-age pension.
Citizens who are on social security at the state in connection with the loss of a breadwinner, and the receipt of a disability group by a disability group are also entitled to receive a lump-sum payment. Immediately, the entire amount of savings is issued to persons who do not have the right to receive an insurance pension due to a lack of seniority and a low individual pension coefficient.
How can a working pensioner receive the funded part of the pension all at once, is this even possible? Yes, but only if they made contributions to a personal retirement account on their own. Also, those who have directed maternity capital funds into account of the funded pension can count on payment.
Disbursement of funds urgently and indefinitely
In addition to a lump sum payment, two more options for obtaining accumulated funds are applied - urgent and lifelong. In the first case, the savings will be returned to the pensioner every month for a period determined by himself. Is it possible to receive an accumulative pension to a working pensioner who could go on a well-deserved rest ahead of schedule, but still continues to work? The same restriction applies here: if a citizen is employed and the employer pays for it, then he will not be able to claim a funded pension.
How to get a funded pension for a non-working pensioner? In this case, there should be no obstacles. According to the law, the period of return of accumulations must be at least ten years. The monthly benefit will consist of an old-age pension and a fixed amount formed from the funds of the capital, own contributions in the framework of co-financing of the pension and insurance payments of employers. A fixed amount can be calculated by dividing the entire amount of savings by 120 or more months.
Do working pensioners receive a funded pension? Some confidently give a negative answer, although in certain circumstances even a working pensioner may claim to return their own contributions. One of the ways to get a funded pension for a working pensioner is not to get a formal job. Many people, when they reach retirement age, feel quite confident and continue to earn money. If a person did not make his own contributions, then he will not be able to count on payments, having official employment. An unlimited pension is granted for life and is set at a rate corresponding to a fixed amount of the expected period.
Registration of funded pension
To start receiving savings, you can apply not only to the Pension Fund of the Russian Federation or a non-governmental organization, but also to the IFC. To apply for one-time, urgent or unlimited payments, you will need to submit the following documents:
- a request for a benefit, including savings;
- passport of a citizen of the Russian Federation (foreigners and stateless persons, in addition to a passport, present a document allowing them to reside permanently in the territory of the Russian Federation);
- SNILS;
- documents on labor activity (work books, employment contracts, certificates, etc.);
- bank details with an account number for crediting funds.
Can a pensioner receive a funded pension on the first day of treatment? By law, the benefit is assigned from the day the insured person applies, but this does not mean that the payment will be credited immediately. Typically, funds are transferred to a pensioner's bank account within a month after approval by the Pension Fund of the Russian Federation.
A citizen may submit an application for the appointment of payments of pension benefits using savings one month before going on a well-deserved rest. In this case, the pension will be established as soon as the person reaches a working age or if other grounds arise that give the right to early retirement.
How to make a statement
A citizen can apply for a funded pension independently or through a trusted representative. The application must indicate the type of payment claimed by the citizen - one-time, urgent or lifelong. This document has a strictly established form. The following information shall be indicated in the application:
- full name of the institution;
- personal data of the insured person (full name, gender, citizenship, series and passport number, SNILS, date and place of birth, address of registration and actual place of residence);
- retirement account number;
- type of pension assigned to the insured person;
- a note on the presence or absence of employment;
- date of filling and signature of the applicant.
If the application is submitted through a representative, information about him is also indicated in the application. The Pension Fund has the right to a 10-day period to consider the application and make a decision, but by law, the institution has the right to suspend the application process for up to three months. The grounds for this are errors in the documents, data mismatch, etc. Based on the results of the inspections, the fund decides to issue savings or to refuse with an explanation of the reason. If the payment is not made at one time, then the monthly amounts are paid to the pensioner along with the old-age allowance.
How to receive the funded part of the pension for a non-working pensioner, if several years have passed since the time of incapacity for work? In the same way as in all other cases, since there are no time limits. The insured person has the right to receive payment at any time. The choice of method of delivery of funds remains individually for each pensioner. Today, the most popular and convenient option is to charge the amount to a bank card, but some prefer, as before, to receive a pension at post offices or at home. In case of a change of place of residence, it is necessary to notify the RF PF.
Registration of funded pension by the heirs
In accordance with the law, the funded part of the pension is inherited if the death of a pensioner insured by a pension institution occurs before payment is made. Also, the remaining amount is transferred to the assignees, if the citizen issued urgent payments or he was assigned the issuance of all savings at a time, but did not manage to get his savings. If the death of the insured person occurs after the appointment of an indefinite pension, the funds remaining in his account are not transferred to the estate.
The next of kin who belong to the heirs of the first stage are entitled to receive the accumulated contributions of the deceased - these are parents, husband or wife, children. If there are no first-order heirs, the remainder of the funded part of the pension is distributed between second-line relatives, which include siblings, grandparents.
During his life, a pensioner can make a will and dispose of his savings at his discretion. Moreover, even unauthorized persons who do not have a family relationship with the insured can be indicated in the will. At the same time, it should be noted that payments to successors are made if a person has died before the pension was awarded, before he has reached the retirement age. If no instructions from the owner of the savings were issued during his lifetime, the amount is distributed among the successors in equal shares. Relatives must apply for an inherited pension within six months from the date of death of the insured person.
Is it possible to withdraw savings ahead of schedule
Since the funded part of the pension relates to payments for compulsory pension insurance, it is possible to receive it only upon the occurrence of an insured event, which is the attainment of a working age. You cannot use your savings at any time you need. In most cases, people apply for this type of pension as soon as they reach retirement age or if there is a reason for early retirement. , .
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