The value of the individual pension coefficient (IPC) - what is it? Formation of an insurance pension

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

Starting from 2015, the procedure for calculating pensions has changed. Now the accrual of cash payments according to the work experience of a citizen is made taking into account the IPC, that is, an individual pension coefficient is calculated, based on which a person will receive one or another amount of money every month. A similar system has long existed in the West and in Europe. However, if the procedure is quite clear for the residents of these countries, then this program is not yet completely obvious to the Russians.

The value of the individual pension coefficient (IPC): what is it?

Earlier, in order to start receiving a pension, a citizen had only to indicate his length of service and confirm it with documents. But since 2015, future pensioners can independently regulate their retirement income. To do this, the pension is divided into several parts: funded and insurance. The latter can be fixed and calculated.

At the same time, a citizen must meet several important parameters:

• Have at least 15 years of insurance experience.
• Achieve retirementage.
• Provide data that confirms that the pension coefficient was at least 30 points for the entire length of service.

Speaking about the value of the individual pension coefficient (IPC), what it is and “what it is eaten with”, it should be understood that this value is calculated in points that are accrued every year, based on the level of wages and income of a pensioner. In turn, according to the scoring system, the length of service and the level of wages are taken into account. Until 2014, this indicator also depended on the amount of contributions to the tax service.

Accordingly, today, if a citizen received more income in 2017 than in 2016, then the individual pension coefficient (pension point) will be higher.

It is also worth considering that from 2015 to 2025 there is a special transition period. This means that the conditions for calculating pensions will be tightened every year, the value of calculated points will increase in line with inflation and economic indicators in the country.

To better understand the concept of the value of the individual pension coefficient (IPC), what it is and how it is calculated, it is worth considering several important aspects in more detail. Let's do that.

What is the insurance part of the pension

This concept means the conditions for calculating future pension payments. In this case, the pension equation is completely eliminated. And this has a positive effect on her growth.

If we talk about what it is (the insurance part of the pension), then it should be understood that this value is constantly changing depending on the salary of the future pensioner. Also, its size depends on the total length of service and the volume of deposits made by a citizen in the course of employment.

The insurance part of the pension - what is it and what is it formed from? In the process of accruing this part of the pension payment, an algorithm of insured events is used. Among them is a well-deserved rest. The main condition for such an insured event is the person's age.

Today, men over the age of 60 and women over 55 can count on a pension.

How to increase the percentage of the insurance part of the pension

In order to increase the size of the individual pension coefficient, and, accordingly, the volume of insurance, it is imperative to receive a “white” salary throughout the entire working life. This means that for the entire time of work, certain percentages should be deducted to the state account, which will later be taken into account when determining points for a particular citizen.

As a rule, up to 22% of the salary is usually deducted towards the future pension.

What else does IPC depend on

Continuing to consider the concept of the value of the individual pension coefficient (IPC), what it is and how it is calculated, it is worth considering not only the amount of wages, but also other aspects. For example, as alreadyIt was mentioned earlier that insurance premiums for different citizens may differ depending on the distribution of the funded and insurance part of pension payments. For some, they are 6%, and for some they reach 16%.

Also, when making calculations, the life circumstances of the future pensioner are taken into account. If he served or continues to serve in the army or is forced to care for small children or incapacitated relatives, then the IPC may be increased. Today, the state has created a lot of special programs for such cases.

How the annual IPC is calculated

Even before 2015, the government had drawn up the formula for the individual pension coefficient, which is as follows: PC=MF / S, where:

• PC is the total amount of pension points for a particular citizen.
• SC is part of the insurance (including the deduction of the fixed and funded part of the pension).
• C is the value of the IPC at the time of calculation.

According to this formula, it is quite easy to independently calculate the amount of accumulated points. Accordingly, in order to find out what pension compensation awaits a citizen, it is not necessary to contact the FIU. The only thing that will have to be clarified is the benefit rate, which can be 6%, 10% or 16%.

To independently calculate the GIPC, you must use the following equation: GIPC=(CM / MV)10, where:

• SM will be the payment of fees for the selected tariff (inpercent).
• MB is a fixed level of payments, which will be 16%.

Thanks to this equation, you can determine exactly how many points the future pensioner was able to accumulate for all his work activities. If at the same time a citizen refuses the funded component of pension payments, then he will be able to partially increase the annual figure. Accordingly, the amount of the benefit itself will also be higher.

As mentioned earlier, the higher the pensioner's score, the greater the share of payments. However, it should be borne in mind that there is a maximum IPC (individual pension coefficient), which is 7.38 points. To receive it, a citizen must receive the maximum salary during the year.

Calculation example

To make it easier to understand all the subtleties of the IPC, consider an example. Suppose a certain citizen decided to independently calculate how many points she has already been able to accumulate for her work and how much she still needs in order to receive monthly payments in the amount of 25,000 rubles.

The fixed part of the insurance pension is usually 4559 rubles. At the same time, the woman receives a pension benefit equal to 18,300 rubles.

Accordingly, the amount of payments for the future pensioner will be 13,741 rubles (we subtract the fixed insurance part from 18,300).

To calculate CPI, divide 13,741 by 74.28 to get approximately 185 points. This is the desired value. If you make several inversecalculations, it is easy to find out that in order to receive 25,000 rubles a month, a pensioner must accumulate another 90 points.

How much does an IPC cost

By and large, the cost of this indicator is a specific number, which is determined by the state annually. For example, in 2015, the IPC was equal to 64 rubles, and in February 2016, due to the general increase in inflation, this figure increased to 74 rubles. This year, the cost of this coefficient is 78 rubles and kopecks.

If the pensioner earns more IPC, then only the maximum possible indicator will be taken into account.

In closing

Undoubtedly, it seems to every pensioner that self-calculation of future payments is a very complicated procedure. In fact, everything is not so scary. The main thing is to learn how to use the necessary formulas and determine the percentage of parts of the pension. If necessary, you can visit the Pension Fund and ask for a preliminary calculation of pension payments.

Nevertheless, it is worth understanding that the situation is constantly changing. Perhaps in a few years the calculation of pensions and their indexation will be carried out according to other formulas. However, seniority will always be a constant component of this type of benefit.