The individual pension coefficient is ... Calculation of the insurance part of the pension according to a new formula

Since 2015, the pension is calculated using a new formula. Persons with 30 or more accumulated points will be eligible for payment. This condition affects the rights of people who have little experience. More details about the new formula read further.

Principle

Previously, two conditions were required to calculate the benefit:

• The arrival of the established age (60 for men, 55 for women);
• Availability of work experience (in different years from 5 to 25 years).

The size of the pension depended on the length of service and the level of income. From 2001 to 2014, insurance premiums were also important. They usually accounted for 14-16% of the monthly income. Since 2015, a new element has appeared - an individual pension coefficient. This is the sum of points for years of work. In order to receive benefits, it is necessary to work out a certain number of years with a salary level at which the amount of paid contributions would exceed the level established by law.

The essence of the new settlement system is that the pension rights accumulated during the labor period are converted into points. The amount of the allowance is then calculated according to their amount . To determine the accumulated PKI, you need to divide the amount of assessed contributions into a standard - the product of the maximum tariff and the marginal salary, subject to taxes.

If a person receives 568 thousand rubles per year, he accumulates a maximum of 10 points. The limit of wages and ratios changes annually. By 2025, when the program is fully launched, these two indicators will grow significantly. By this moment the accumulated part of the pension will be available only to persons who accumulate 30 or more points. For 2015, old-age benefits are awarded with 6.6 points. Each year the indicator will increase by 2.4.

How the new program works

Most people started working in the USSR. They expect to go on a deserved vacation in the near future. The amount of their allowance will also depend on the accumulated individual pension coefficients (points). For the period of work until 2001, the amount of the insurance pension will be determined, which will then be converted into coefficients.

Example

Petrov worked as an engineer. As of December 31, 2014 he is entitled to a pension of 10 030 rubles, which consists of a single payment (3935 rubles) and insurance - 6095 rubles. What is the value of the individual pension coefficient for 2015?

IPC = 6095: 64.1 = 95.

64.1 rubles. - valuation of one coefficient from 2015

To receive an average allowance, you must accumulate at least 100 points. An individual pension coefficient is of great importance. How to calculate the amount of benefits for employees?

1. PKI = PKI before 2015 + PKI after 2015.

The second indicator is calculated as the sum of the coefficients for each reporting period:

1. Insurance pension = PKI × Cost of points.
2. Benefit = Fixed payment + Insurance pension.

Factors

The value of the individual pension coefficient depends on:

• The ceiling on income for contributions;
• The value of the score, which is indexed to the inflation rate.

In 2015, the maximum amount of wages with which contributions are paid, was 711 thousand rubles. With a larger amount, no deductions are made. At a rate of 16%, the state budget will receive 113.76 thousand rubles. We calculate the maximum individual pension coefficient.

Example

Petrov continues to work for a salary of 25 thousand rubles. With this amount, 48 thousand rubles are annually paid. In the PF. For 2015, how to calculate the individual pension coefficient?

(48 000: 11 3760) x 10 = 4.22.

Petrov may ask for recalculation of the listed contributions. But even in this case, only 1.8 units will be taken into account.

Number of points required in 2015

For clarity, let's use the table.

The annual individual pension coefficient is the number of points earned over 12 months, or those periods that are included in the length of service. The higher the salary, the higher the PKI. The law establishes 6 years of transition period, during which the conditions will gradually become tougher.

The individual pension coefficient is the sum of the points that are accrued not only for the period of work, but also for certain types of "idle time".

The amount of accumulated and recorded indicators in 2016 and beyond can be viewed on the PF website. Even with the maximum accumulated PKI, 7.83 points are taken into account in 2016 and 8.26 in 2017.

Example

The top manager has been working since 2010 on an annual salary of 100 thousand rubles. For 5 years of experience, he earned 10 points a year. Another 20 he received from 2015 to 2017. The amount of accumulated PKI: 7.39 + 7.83 + 8.26 = 23.48. By law, a minimum of 15 years of experience is required . In the next 7 years, the employee will accumulate an additional 77.4 points. A total of 107.44 points are taken into account. At current prices, the pension of the top manager will be the same as that of the working pensioner from the previous example.

The number of PKI is recalculated annually. This indicator depends on the level of wages and marginal deductions, which grow much faster. In 2015, they increased by 14%, and the average salary - by 9%. Therefore, one should not rely on the old-age state allowance, but think about other ways of accumulating a pension.

New conditions

The individual pension coefficient is a kind of assessment of a person's work activity in points. Annually, the government sets the cost of 1 point, indexing it for price increases. A labor pension consists of a fixed payout and a part that depends on the PKI. The cost of 1 coefficient as of 01.01.2016 is 74.27 rubles. The size of the fixed payment is 4558.93 rubles. To receive benefits in 2016, a person must:

1. To reach a certain age.
2. Have an insurance experience of 6 years.
3. Accumulate 6.6 points.

If at least one of the conditions is not met, then a person has the right to receive only a social pension.

Advantages and disadvantages

The main discontent of experts is that it will be possible to determine the amount of future payment only before retirement. This amount will be calculated as the product of accumulated PKI at their cost in the year of destination of the payment. The last indicator is calculated by dividing the planned income of the Pension Fund into the accumulated points of all pensioners.

In fact, the cost estimate of the individual pension coefficient (PKI) of the insured person will depend on the income of the PF. This will minimize the risk of a deficit. At the same time, experts argue that the calculation methodology is not legally fixed.

The second problem is that Russians still do not consciously perceive the new reform. In developed countries, much time is devoted to explaining all the nuances to the public.

Gradually increases the minimum length of service (for 12 months per year). By 2024, it will be 15 years. With such experience, 95% of the population are drawn to the PF.

The total amount of the benefit to be paid is calculated by the formula:

Pension = (PV x K) + (IPK x K) x ST, where:

• FV - the established payment;
• PKI - accumulated points;
• K - premium for late retirement;
• CT - the cost of the PKI unit.

Differentiation of calculations

The issue of increasing the retirement age has been repeatedly raised. Supporters argue their point of view with the need to reduce the deficit of the PF. Opponents argue that for a later retirement, it is necessary that the population has a decent standard of living. To stimulate the population, the state establishes high PKI and raising coefficients to a fixed payment. It is also planned to revise the list of professions, representatives of whom will be available early retirement pension, working conditions (increased PKI will be assigned to the harmful class) and the amount of insurance contributions (the more dangerous the class of labor, the higher the tariff). This will allow to balance the system, provide the PF with sources of early payments.