The procedure for calculating pension

The majority of citizens who work and permanently contribute to the pension fund are concerned about the procedure for calculating pensions. How is it formed and from which components? What types of pensions exist? And many other issues that can not be called less important.

If we talk about the fact that a person has the right to his rightful rest, then it is worth mentioning such an important issue as the procedure for calculating a pension, because without it it will be difficult for him to secure himself in his old age. All the time of the citizen's labor activity the enterprise carries out deductions to the pension fund, which is intended to ensure the full life of the pensioner. The Law "On Labor Pensions in the Russian Federation" regulates the accrual, formation and payment of pensions. The pension itself includes three parts, the size of which depends on various factors. It is worth noting that the compulsory part of it is made up of what is paid by the employer to a specialized fund every month. At the same time, those who already have a well-deserved pension receive payments. In addition to the obligatory part, it is possible to receive payments generated from voluntary savings: here we are talking about the accumulative and insurance part of the pension.

Each enterprise and organization makes payments to the state pension fund of compulsory insurance, while almost half of these funds are transferred to an ordinary pension fund. Understanding the procedure for forming a pension, it is worthwhile to say that all these payments are not tied to specific citizens, but are intended to provide for current pensioners. This part acts as the base, and its size is directly dependent on budgetary funds, inflation and the subsistence minimum. It should be said that it is not affected by the size of the initial salary or work experience, its payments can be made to foreigners, as well as persons who do not have citizenship, and they should just permanently reside in Russia.

The procedure for calculating old-age pensions: the insurance part

Since 2002, all Russian employers have made payments to the insurance pension fund, and each employee receives a special pension insurance certificate, where his personal account is indicated . In the amount that is taxed, not only the wages of each employee are included, but also other expenses and expenses for the employer.

The procedure for calculating pensions: the funded part

This part is usually calculated similar to the previous one, but in this case the pension capital is replaced by the amount of savings. For each of these accumulations are indicated in a specially allocated part of the personal account. This part is usually placed on all kinds of investment tools, which allows you to significantly increase its size. At the moment, every citizen has the right to manage his funded part, so you can choose the most effective tools for investing.

The order of calculation of pension to military men

In the presence of sufficient seniority, the pension is calculated on the basis of the average monthly earnings for the last 12 full months of service. The average monthly earnings in this case are determined with the application of a special law, and when determining it, the financial maintenance of civil servants, formed from a whole series of payments, is necessarily taken into account.

Naturally, a lot of specialized formulas are used to calculate pensions, however, only general theses are presented in this material, therefore the details of this process are not affected.