The state guarantees each of its residents a pension, the size of which consists of several parts. Basic represents a minimum labor pension. It must be paid if you have worked for more than 5 years. Insurance is directly dependent on salary and is formed from the 10% that you deducted from your hard-earned money every month. Finally, the funded one includes 4% of the earned funds and is replenished from your investments. She is not in retirement of those people who were born in 1966 and earlier: their funded part is simply included in the insurance part.
Manages the funded part of the State Asset Management Department, but, as an option, you can use the services of other management companies that will form and recalculate the pension.
Each officially working citizen receives from the PF notifications about which accumulative part is currently on his account. She can be disposed of at her discretion, for example, transferred to a trust organization. The only thing that cannot be done is to hold this money in your hands and spend it. At least until you retire. Then they will definitely be yours.
Now let's talk about recalculation. It may be necessary if the circumstances of the formation of the size of the pension have changed or you have any new documents. Recalculation of pension can be made in such cases:
You have crossed the age limit of 80 years;
you have or have a disability group ;
You have lost a breadwinner or an able-bodied family member;
You have enough work experience in the High North and similar places.
There are other options that are discussed in each case individually with the employees of the pension fund. For example, in order to recalculate pensions for working pensioners or recalculate pensions for military pensioners, you will have to submit the relevant documents.
In order to recalculate the pension, it is necessary to submit a written application to the territorial bodies of the pension fund at the place of residence. The exception is the cases that come first on our list. That is, an increase in the old-age pension upon reaching 80 years of age and disability if you have been assigned a higher group. By the way, without a statement they can still recalculate the pension in the direction of its reduction.
Speaking about the funded part of the pension, it is worth noting one important point. So that the money does not lie idle, they can be invested. Say, transfer to bonds or put on deposit with a reliable bank. The sooner you do this, the greater the chances of a comfortable old age. However, an important factor in deposit payments is regularity. For example, if you start saving for one thousand rubles at twenty and then quit at forty, you will come to a 65-year-old with a good capital of a couple of millions and monthly interest payments twice as high as your salary. But it’s a completely different matter - when, at forty, regularly put off the same thousand until retirement. Over such a long period, accrued interest will be tens or even hundreds of times higher than the amount of deposits themselves. Enough for a country house, and for a trip to Europe, and to help grandchildren. True, there is a certain share of financial risks, but if there is sufficient financial literacy, they are reduced to almost zero.
Now you know how the formation and recalculation of pensions occurs, as well as how to properly manage your money so as not to be distressed in old age.