The principle of accruing an insurance pension is exactly the same as any funded insurance program. The essence of the methodology lies in the fact that a person throughout his entire career pays contributions from wages and, as a result, upon entering a well-deserved rest, receives the accumulated amount. Insured event in this situation is disability.
Funds accumulated over the entire period of work, a person receives not once and in full, but monthly, in almost equal shares. But given the current level of inflation, the amount cannot always remain at the same level. For this, indexation of the insurance part of the pension is necessary. Its size will depend on the requirements. Therefore, you need to think about your life after going on a well-deserved rest as soon as possible.
What is an insurance pension?
Before deciding what the indexation of the insurance part of the pension is, you need to analyze the meaningthe concept itself.
This type of payment means monetary compensation to citizens who have an insurance policy and for some reason are disabled. This may be due to old age, the assignment of a disabled group, the presence of disabled family members, the loss of a breadwinner.
This type of payment includes two components. This is directly an insurance pension, for which the indexation of the insurance part of the labor pension is calculated, and a fixed amount.
What types of insurance pension are there
The insurance pension is due not only to citizens who are on a well-deserved rest, but also to other persons with valid reasons. The grounds for receiving these accruals are:
- reaching retirement age;
- disability group, confirmed by the conclusion of the medical commission;
- survivor.
What are the conditions for receiving an old-age insurance pension
Not all elderly people are eligible for insurance pension payments. To do this, certain conditions must be met, which include:
- Age. To be eligible for a pension, a man must be 60 years of age and a woman must be 55.
- Work experience. Between 2015 and 2024, this value increased from six years to fifteen - annually by one.
- The value of the personal pension coefficient. Between 2015 and 2025, this number will increase from 6.6 to 30 - annually by 2.4.
What is the length of service
The amount of accrued payments directly affects the size of the indexation of the insurance part of the pension. The amount that is due to a citizen who is on a well-deserved rest depends on several factors. One of these conditions is seniority.
Insurance experience is the total value of all working periods. This includes other activities. That is, those circumstances due to which a person was temporarily not engaged in labor. They are taken into account when calculating the amount of pension payments.
All the time during which contributions were received into the Pension Fund is added to the length of service. As a rule, this happens in certain situations. These include:
- service in the armed forces or law enforcement agencies (in the police, customs, prosecutors, judiciary);
- temporary inability to work due to illness;
- maternity leave, but parental leave must not exceed six years;
- temporarily unemployed due to relocation or transfer by your organization to another location;
- participation in public works;
- being under arrest as a result of wrongful accusation or repression;
- care for a disabled person with the first group of disability, for a disabled child and a person of advanced age over eighty;
- the period of residence of military wives in places where it is impossible to find a job (this time should not exceedfive years);
- period of residence of family members of employees of diplomatic organizations abroad (only the first five years are taken into account).
The listed time is added to the seniority only if labor activity was carried out before or after such a period.
What is pension indexation?
Recently, the government controls the insurance part of the pension. Indexation is an increase in the amount of payments that is made annually. The increase in the level of indexation is affected by the decrease in the purchasing power of the most sensitive segment of the population.
Since there is an insurance part of the pension (the indexation of which is discussed in our article) and a social part, the method of their recalculation is different. The level of increase in the amount of social benefits is affected by the subsistence minimum for each region. And the indexation of the insurance part of the pension depends on social charges, the inflation index and the profitability of the Pension Fund of the Russian Federation.
How indexes for recalculation are determined
The indexation coefficient of the insurance part of the pension is recalculated according to economic indicators, in particular, inflation rates. But at the same time, the amount of additional payments will not exceed the possibilities of the state budget. For this reason, the annual recalculation is regulated by law. The process is influenced not only by the financial situation in the state, but also by the social situation. To this adjustment, the government established additional allowances according to specialdecrees and regulations.
Indexation of the insurance part of the pension by years had different meanings, and it is rather difficult to trace its dynamics, because various factors influenced the recalculation. Until 2013, the procedure for calculating the coefficient was the same. Then the financial situation in the Russian Federation began to worsen, and the recalculation began to fully reflect the situation in the country. So, in 2016, citizens who are on a well-deserved rest received pensions at the level of the previous year. Indexation was appointed one-time, and its coefficient was four percent.
What is the dynamics of accrual of indexation
In the previous year, as already mentioned, the insurance part of the pension was recalculated only once. This was due to a decrease in the burden on the state budget. Indexing this year provides for two increases. One is scheduled for the first days of February, the other will happen in April. This is the procedure provided for by law.
Indexation of the insurance part of the pension each year had a different meaning:
- in 2010 - 6.3%;
- in 2011 - 8.8%
- in 2012 - 10.65%;
- in 2013 - 10.12%;
- in 2014 - 8.31%;
- in 2015 - 11.4%;
- in 2016 – 4%;
- in 2017 - 5.8%.
How will the recalculation be made in 2017?
In order to somehow compensate for the payments of 2016, the government decided to charge a fixed amount of five thousand rubles.
Current year adjustment factordepends on the size of the pension, which was formed at the end of 2016. Since the inflation index was 5.8 percent, the calculated value will be 1.058.
In accordance with the index established for the current year, the average insurance pensions in Russia amounted to:
- by age – 13,620 rubles;
- by the presence of a disability group - 8,457 rubles;
- for the loss of a breadwinner - 8,596 rubles.
If you do not take into account fixed payments, then we can say that during this period the insurance part is not indexed, but rather its adjustment.
The first adjustment, on February 1st, takes into account the magnitude of last year's consumer price increase. This recalculation is mandatory. The second largely depends on the profitability of the Pension Fund of Russia, and in accordance with it, the government sets the coefficient. But the indexation, which is carried out on the first of April, may not be carried out by the relevant decree.
