Since 2015, the pension is calculated according to the new formula. The right to payment will be received by persons with 30 or more accumulated points. This condition affects the rights of people who have little experience. Read more about the new formula below.
Principle
Previously, two conditions were required to calculate benefits:
- the onset of a specified age (60 - for men, 55 - for women);
- the presence of seniority (in different years from 5 to 25 years).
The size of the pension depended on the length of service and income level. From 2001 to 2014, insurance premiums also mattered. They usually accounted for 14-16% of monthly income. Since 2015, a new element has appeared - an individual pension coefficient. This is the sum of the points over the years of work. To receive benefits, it is necessary to work out a certain number of years with a salary level at which the amount of contributions paid would exceed the level established by law.
The essence of the new settlement system is that the pension rights accumulated during the labor period are converted into points. The amount is then calculated the amount of benefits. To determine the accumulated IPC, it is necessary to divide the amount of assessed contributions by the standard - the product of the maximum tariff and the maximum taxable salary.
If a person receives 568 thousand rubles a year, then he accumulates a maximum of 10 points. The maximum salary and odds change annually. By 2025, when the program is fully launched, these two indicators will increase significantly. By this moment, the accumulated part of the pension can only be received by people who accumulate 30 or more points. For 2015, old-age payment is assigned if there are 6.6 points. The indicator will increase by 2.4 annually.
How does the new program work
Most people began to work in the USSR. They expect to go on a well-deserved vacation in the near future. The size of their benefits will also depend on the accumulated individual pension coefficients (points). For the period of work until 2001, the amount of the insurance pension will be determined, which will then be converted into coefficients.
Example
Petrov worked as an engineer. As of December 31, 2014, he was entitled to a pension of 10,030 rubles, which consists of a one-time payment (3,935 rubles) and an insurance payment of 6,095 rubles. What is his individual pension coefficient for 2015?
IPC = 6095: 64.1 = 95.
64.1 rub - valuation of one coefficient since 2015
To get the average allowance you need to accumulate at least 100 points. An individual retirement coefficient is of great importance. How to calculate the amount of benefits for employees?
- IPC = IPC before 2015 + IPC after 2015.
The second indicator is calculated as the sum of the coefficients for each reporting period:
- Insurance pension = PKI × Cost of points.
- Benefit = Fixed Payment + Insurance Pension.
Factors
The value of the individual pension coefficient depends on:
- income cap for deductions;
- the value of the point, which is indexed to the inflation rate.
In 2015, the maximum salary with which contributions are paid amounted to 711 thousand rubles. With a larger amount deductions are not made. At a rate of 16%, 113.76 thousand rubles will go to the state budget. We calculate the maximum individual pension coefficient.
Example
Petrov continues to work for a salary of 25 thousand rubles. From this amount, 48 thousand rubles are annually deducted. in the PF. For 2015, an individual pension coefficient, how to calculate?
(48 000: 11 3760) x 10 = 4.22.
Petrov may ask for a recalculation of the listed contributions. But even in this case, only 1.8 units will be counted.
The number of points required in 2015
For clarity, we use the table.
Salary, thousand rubles | The amount of accumulated points taken into account when calculating the pension (at a rate of 16%) |
12 | 2.03 |
18 | 3.04 |
25 | 4.22 |
35 | 5.91 |
40 | 6.75 |
44 and more | 7.39 |
The annual individual retirement rate is the number of points earned for 12 months, or those periods that are included in the length of service. The higher the salary, the higher the IPC. The law establishes 6 years of transition, during which the conditions will be gradually tightened.
An individual pension coefficient is the sum of points that are accrued not only for the period of work, but also in the case of certain types of “downtime”.
Period | IPC for 1 year | Number of years |
Military service (Ministry of Internal Affairs, etc.) | 1.8 | Is not limited |
Caring for an elderly person |
Consular staff wives have a period of absence | Up to 5 years |
Baby care | Up to 1.5 years |
Second Baby Care | 3.6 |
Caring for a third and every subsequent child | 5,4 |
The sum of the accumulated and recorded indicators in 2016 and beyond can be viewed on the PF website. Even with the maximum accumulated IPC, 7.83 points in 2016 and 8.26 points in 2017 are taken into account.
Example
Top manager has been working since 2010 for an annual salary of 100 thousand rubles. For 5 years of experience, he earned 10 points each year. He received another 20 from 2015 to 2017. The amount of accumulated IPC: 7.39 + 7.83 + 8.26 = 23.48. By law, a minimum of 15 years of service is required . Over the next 7 years, the employee will accumulate another 77.4 points. Total, 107.44 points are taken into account. At current prices, the top manager's pension will be the same as the working pensioner from the previous example.
The number of IPC is recalculated annually. This indicator depends on the level of salary and marginal contributions, which are growing much faster. In 2015, they increased by 14%, and the average salary - by 9%. Therefore, do not rely on state benefits in old age, but think about other ways to accumulate pensions.
New conditions
An individual pension coefficient is a kind of assessment of a person’s labor activity in points. Each year, the government sets a value of 1 point, indexing it to price increases. A retirement pension consists of a fixed payment and a part that depends on the PKI. The cost of 1 coefficient as of 01/01/2016 is 74.27 rubles. The size of the fixed payment is 4558.93 rubles. To receive benefits in 2016, a person must:
- Reach a certain age.
- Have an insurance experience of 6 years.
- Accumulate 6.6 points.
If at least one of the conditions is not fulfilled, then a person has the right to receive only a social pension.
Advantages and disadvantages
The main complaint of experts is that it will be possible to determine the size of future payments only before retirement. This amount will be calculated as the product of the accumulated IPC and their value in the year the payment was intended. The latter indicator is calculated by dividing the planned PF income by the accumulated points of all pensioners.
In fact, the valuation of the individual pension coefficient (IPC) of the insured person will depend on the income of the PF. This will minimize the risk of deficiency. At the same time, experts argue that the calculation methodology is not legally fixed.
The second problem is that the Russians still do not consciously accept the new reform. In developed countries, much time is devoted to clarifying all the nuances of the population.
The minimum length of service is gradually increasing (by 12 months annually). By 2024, it will be 15 years. With such experience in the PF 95% of the population apply.
The total amount of benefits payable is calculated by the formula:
Pension = (PV x K) + (IPC x K) x ST, where:
- - defined payment;
- IPC - accumulated points;
- K - premium for late retirement;
- ST - the cost of the IPC unit.
Differentiation of calculations
The issue of increasing the retirement age has been repeatedly raised. Supporters argue their point of view by the need to reduce the deficit of PF. Opponents argue that for a later retirement, the population must have a decent standard of living. To stimulate the population, the state establishes high IPC and increasing the coefficients for a fixed payment. It is also planned to revise the list of professions whose representatives will have access to early retirement benefits, working conditions (higher IPK will be set for the harmful class) and the size of insurance premiums (the more dangerous the class of work, the higher the tariff). This will make it possible to balance the system and provide PF with sources of early payments.