How to calculate your future pension yourself: length of service, salaries, formula, example

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Knowing how to calculate your future pension is important because this information will allow you to clearly imagine your financial future after an active working period. At the same time, within the framework of this topic, there are many nuances that are unknown to the average layman.

Basic Information

Before studying the calculation algorithm, it makes sense to understand what a labor pension is. One of the simplest explanations will be as follows: this is financial compensation for wages and other payments to those citizens who were insured and, due to various factors, including age, are no longer able to provide for themselves.

There are three types of labor pensions worth knowing about:

- TP due to disability;

- TP by age (old age);

- TP related to the loss of a breadwinner.

Employer contributions are the basis for financing pension payments. Women who have reached the age of 55 and men who have overcome the 60-year milestone can count on a pension. These are fairly clear rules that give a simple answer to the question - what is the retirement agerelevant now in the Russian Federation. But even if a citizen, so to speak, reworked, this will not go unnoticed.

At the moment, the pension fund uses a fairly complex formula for calculating payments, but this is due to the desire to take into account various factors that may affect the amount of payments. But, in general, when trying to understand how to calculate an old-age pension, you need to take into account the key indicators that are used in the calculation. These are the following items:

- warhead (basic part). It is established by government agencies, taking into account the presence of dependent family members, restrictions on the labor process and age.

- NC (contributory part of old-age labor pension). This part is formed from income from investing pension funds in the Pension Fund of the Russian Federation and voluntary insurance contributions.

- MF (insurance part of the pension). It directly depends on the pension capital, which, in turn, consists of two parts: this is the amount of insurance premiums after 2002 and the estimated pension capital before this period.

In general, two blocks of information about a citizen are used in the calculation - before and after the pension reform. And for ordinary people who want to figure out how to calculate the future pension, this fact must be taken into account.

Next, this topic will be discussed in more detail, taking into account factors that are relevant for various categories, including the military.

What is important to consider before calculating

To clearly understand how to calculate the future pension, you need to pay attention to some of the nuances that affect the amount of payments. So, for different groups of citizens and the calculation conditions will be slightly different:

- Those who continue to work while retired can count on the fact that payments in their case will not be canceled and, moreover, will gradually increase.

- If a citizen is preparing for the end of the working period and worked a lot before the reform, then his experience and seniority will be converted into points without any financial loss.

- There are people whose age is already close to retirement, but they have not officially worked for 15 years. This category of citizens, as well as people who have no experience at all, will be able to receive exclusively social pensions.

- It is important to know that active work in two jobs will not bring tangible benefits. This is explained by the following fact: the total number of points that will be awarded will actually remain at the level of citizens who receive an official salary from one employer.

- Thinking about how to calculate the pension yourself, it is worth remembering that an illiterate distribution of interest between funded and insurance pensions can lead to certain losses. The amount of payments will be higher only if the savings category is a priority.

Well, it is quite obvious that the so-called salary in an envelope significantly worsens the pension prospects, since it significantly reduces the amount of deductions.

About the points system and key changes

It is important to be aware that the pension reform has made some changes to the accrual system, but all of them concern only old-age payments. In this area, those partswhich made up one whole, are now independent, separate elements of the calculation. We are talking about insurance and labor pensions. It is the insurance form that is determined by taking into account points. To accumulate the required amount of them, you need to make regular contributions to the category of insurance pension. But it is important to take into account the fact that such changes are relevant for citizens whose labor activity was started in 2015. Those who worked actively long before this period may not worry about changes in the system.

But for young people, this will mean that in a process such as calculating a pension, the average salary will not be the only determining factor. In general, in order to understand what kind of pension you can count on, you need to take into account three components:

- length of service;

- retirement date;

- amount of deductions.

If for the previous generation it was important to have only deductions in the right amount and at least 5 years of official work experience, for young people a more complex system of requirements is relevant.

First of all, the period of required labor activity has increased, every year it will grow until it reaches the mark of 15 years. That moment should come in 2025.

Now - more specifically about the requirements for those wishing to receive a labor pension:

- First of all, you need to reach retirement age. For women, this is 55 years old, while men will have to work until 60.

- Minimum work experience required. Speechis about a period of 6 to 15 years.

- The final condition is the presence of the required number of points, which is equal to 30 or more.

Points are calculated automatically. In this case, indicators such as the amount of deductions, seniority and the age at which a particular citizen will retire will be taken into account.

A pension formula that is relevant for young people should include all of these indicators. If there are not enough points or the experience is too short, then the exit to a well-deserved rest will be delayed by 5 years. And in this case, the form of pension - social or labor - will not be of key importance.

Those who actually end their careers or are ready to stop their activities due to the approaching retirement age should not worry. Although the indicators will be recalculated, they will either not affect the size of the pension in any way, or they will lead to an increase in it.

Possibility of getting bonuses

According to the current legislation, citizens under certain conditions will be able to receive additional points. Such bonuses are awarded in the following cases:

- When caring for disabled children. For each year of such care, 1.8 points are awarded.

- When a citizen does military service in the Russian army. Here, too, 1.8 points will be credited for each year of service.

- Women on maternity leave can also count on bonuses. In such a situation, the accrual scheme changes slightly. Traditional 1, 8 balls brings the first year of the decree. Next365 days make it possible to get 3.6 points. The third year of parental leave raises the mark to 5.4 points. If the duration of the decree exceeds a three-year period, then for each subsequent year the state will charge 5.4 points.

- Bonuses will also be available to those who care for a relative whose age is over 80 years old. Here accruals remain at the standard level (1, 8).

Continuing the theme of balls, you need to once again pay attention to the importance of seniority. As it was written above, according to the old system, it was not a key indicator, where the size of deductions played a big role. Now the situation has changed: in the formation of such a regular monthly benefit as a pension, the additional payment for seniority will be one of the key values. That is, those who have worked for a long time will be credited for their long work activity, which will have a direct impact on the size of the pension.

If we talk about how points are calculated, then you need to pay attention to the following formula:

(IPO in year N/NGO in year N)10.

where IPO should be understood as individual contributions of a citizen to a pension fund, while NPO means the standard of contributions, and the letter N is used to indicate a specific year.

Calculation scheme

When talking about upcoming payments to people who are close to retirement age, it is worth using a different scheme than in the case of young people who still have to work hard.

If a citizen of the Russian Federation began his labor activity before January 1, 2002, then the following calculation formula is relevant for himpensions:

R=FBI+MF1+MF2+ST.

FBI should be understood as a fixed basic pension set by the state.

SCh1 is the insurance part of the pension, for the calculation of which the insurance contributions paid by the employer until 2002 are used.

SC2 - the insurance part, consisting of contributions after 2002.

The amount of valorization is determined as a CV and depends on the number of full years of service.

If you describe the calculation algorithm in stages, the picture of the process will be somewhat complicated.

So, first of all, the seniority coefficient is taken into account, which will have a direct impact on the size of the pension in the end. It is calculated as follows: 0.55 units are assigned to men for 25 years of service before the reform (2002) and to women for a 20-year period. If this limit is exceeded, 0.01 units of the coefficient are added for each year, while this indicator cannot exceed 0.20. So, within the framework of the topic “how to calculate a future pension”, you should initially pay attention to the length of service.

Next, the ratio of the salary of the future pensioner and the average earnings in the country in 2000-2001 is calculated. Alternatively, data for any 60 months of uninterrupted employment may be used.

At the same time, the size of the ratio should not exceed the level of 1, 2. If we are talking about residents of the Far North, then this indicator will fluctuate around 1, 4-1, 9 units. This largely depends on the coefficient to the salary, incentrally established in a specific area.

At the next stage, the average earnings received are multiplied by the coefficient and by the amount of 1671 rubles. The last figure is the average monthly salary in the country for the 3rd quarter of 2001, which was approved for calculations. The result is the amount of the pension recalculated in accordance with the new legislation.

Preferential pension

In this case, the question "how to calculate the pension yourself?" is also relevant. But in order for independent calculations to be correct, you need to perform several sequential actions.

- To begin with, it is worth getting information regarding your position - whether it belongs to the category of preferential ones. You can get this information on the PF website, which contains a list of professions that allow specialists to go on a well-deserved rest before other citizens.

- If the desired profession was found in the list, then further actions will come down to determining specific periods of work that are counted as seniority. At this stage, it is important to pay attention both to the length of service and to the institution in which you had to work, since there is also a list of enterprises related to the preferential category.

- Having calculated the length of service and having de alt with the data on the former employer, you need to check whether the information received meets the requirements of current legislation. Next, you should find out how many points are guaranteed by the amount of years worked, taking into account pension ratesdeductions. This information can also be found in the PF.

- The resulting number of points must be multiplied by the pension coefficient, and as a result, the amount of preferential pension will be obtained.

Using the e-service

For those who want to go the easy way, it makes sense to pay attention to the pension calculator, which is located on the official website of the Pension Fund of the Russian Federation. This program will greatly simplify the process of calculating the required indicators.

This service takes into account all relevant inputs that may affect the size of the pension and the time of going on vacation. All you have to do is fill in all the fields provided, which is a simple task.

The pension calculator allows you to get the most objective picture. When performing calculations, it takes into account, for example, military service. And although this period is not defined as experience, a citizen of the Russian Federation receives 1.8 points for it.

All years devoted to official work are taken into account. The exception in this case is maternity leave and maternity leave. By the way, points for parental leave also count.

It is also worth noting that a citizen of the Russian Federation can receive a pension supplement of 25% if he has lived in a rural area and worked in the agricultural sector for the past 30 years.

How to deal with Soviet experience

Many are interested in the fact how they will take into account the length of service acquired during the Soviet era, and whether it will have any value at all. Without this information, it is difficult to understand how to calculate a pension for a woman born in 1961 and otherscitizens who started working during the Soviet era.

First of all, it should be noted that the experience that was obtained before 2002, including before the formation of the Russian Federation, is taken into account. If before the reform the number of working years reached 27, then a coefficient will be charged for them. Its size will consist of two parts: 0.55 for 20 years of service until 2002 and 0.01 for each 12 months in excess of the specified norm, which for a seven-year period will be 0.07. As a result, the coefficient into which the salary will be converted will be 1, 2.

But, unfortunately, for many citizens, the Soviet salary is actually not taken into account for calculating pensions. Instead, the average salary in the country in the period from 2000 to 2001, which was equal to 1647 rubles, is taken into account. They deduct the Soviet salary in order to accurately determine the pension capital. These indicators will be supplemented with deductions and length of service recorded after the reform.

On average, a citizen who has worked for 35 years and received a salary of 20,000 rubles. will be able to count on a pension of 35% of its size, that is, a little more than 7,000 rubles. This, perhaps, not entirely rosy example of calculating a pension will be relevant for those citizens who were already actively working during the Soviet era. The only plus is that when working at retirement age, payments are preserved.

Military personnel

The process of determining the amount of pension for this category of citizens has its own characteristics that must be taken into accountAttention. Therefore, when figuring out how to calculate a military pension, you need to know that the pension calculator in this case will take into account the following indicators:

- Seniority. The duration of labor activity has the most direct impact on the amount of payments. Only due to this indicator, the monetary subsidies to the military can be increased by 50%. Moreover, each irregular year brings another 3% surcharge.

- Disability resulting from an illness. In this case, the premium can be up to 75%.

- Obtaining a disability while serving in the Russian army. Under such circumstances, the pension can be increased by a maximum of 130%, but the exact amount of the increase depends on the group received after the medical examination.

Speaking about how to calculate the pension of the Ministry of Internal Affairs, it is worth noting that it is formed in fact according to the same scheme as that of the military. Here, too, length of service is taken as the basis for the calculation. The increase in the level of payments is influenced by factors such as salary for a special rank and position.

How are things with IP

To qualify for a pension, individual entrepreneurs must have at least 15 years of experience. Here it is important to clarify the fact that the length of service is determined by those periods when contributions to the PF were made, and it does not really matter whether active entrepreneurial activity was carried out at that moment or not.

In this case, individual entrepreneurs will be counted in the length of service for the same periods as in the case of other citizens (decree, time of service in the army,care for the disabled, etc.).

As for pension points, you will need at least 30 points for retirement.

Results

So, figuring out how to calculate the old-age pension, we can draw the following conclusion: the state aims at the objective formation of the amount of payments to different categories of citizens. It is for this that there are so many inputs in the calculation formula. As for self-calculation, the fastest way to complete this task is to use the pension calculator on the Pension Fund website.