To ensure a comfortable life after retirement, you should not only rely on state assistance, but also put aside savings yourself. We tell you how to save and increase your funds wisely in Russia.
At what age can you receive an insurance pension?
Since 2018, the pension system in Russia has been reformed. The retirement age for old age is raised to 60 years for women and 65 years for men. At the same time, a transitional ten-year period is provided, which will last until 2028. The retirement schedule for men and women is presented in the table below.
The table shows that no one will retire in 2023, 2025 or 2027.
To receive pension payments, you must not only reach a guangdong mobile number database certain age, but also meet two additional criteria:
have at least 13 years of total work experience (from 2024 - 15 years);
accumulate from 23.4 IPC (individual pension coefficients).
The IPC depends on the amount of contributions that the employer pays for an officially employed employee. The coefficient is calculated using the following formula:
IPC = (SV / NSV) × 10, where
SV is the sum of contributions paid during the period of employment;
NSC is the standard amount of insurance premiums.
The NPV depends on the maximum base, which is set every year. For example, in 2023 it is 1,917,000 ₽. The NPV is calculated as the maximum base multiplied by 16%. In 2023, the NPV is 306,720 ₽.
IPCs are accumulated not only during work experience, but also in a number of other cases. Among them are military service, caring for a child up to one and a half years, caring for people with first-group disabilities or elderly people over 80 years old.
To find out the size of the IPC, you do not need to make calculations yourself - just contact the SFR or request an extract on Gosuslugi. In the second case, the extract will appear in your personal account within 24 hours.
The size of pension payments will depend on the IPC. The value of the coefficient is revised every year. For example, in 2022 it was 118.09 ₽, and from January 1, 2023 it increased to 123.76 ₽.
Who can retire early?
For some categories of citizens in Russia, early retirement is provided. It is possible for the following reasons:
length of service;
work in harmful conditions;
work in difficult conditions;
work in the Far North and equivalent areas;
great experience.
Length of service
Length of service in Russia is provided for in a number of professions, including astronauts, pilots, and state civil servants. To qualify for early retirement based on length of service, you must work for 20 years for women and 25 years for men.