How To Calculate Pensions

Table of contents:

How To Calculate Pensions
How To Calculate Pensions

Video: How To Calculate Pensions

Video: How To Calculate Pensions
Video: Service Pension calculation pension problems in special cases DEPARTMENTAL TESTS E LEARN 2024, May
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Pension payments are the main funds paid to citizens who, for certain reasons, cannot work or have reached retirement age. On 01.01.2010, Law No. 173-FZ “On Labor Pensions in the Russian Federation” was adopted, which made changes to the process of calculating pensions.

How to calculate pensions
How to calculate pensions

Necessary

Law No. 173-FZ "On Labor Pensions in the Russian Federation", data on the estimated pension capital, indexed in accordance with the decrees of the Government of the Russian Federation as of the day of calculation

Instructions

Step 1

Determine the basic part of the labor pension, which is a fixed basic amount. It depends on the type of pension and the category of the citizen.

Step 2

Determine the amount of pension, which is calculated from the estimated pension capital and consists of three points:

- part of the pension capital, depending on the total length of service before January 1, 2002 and the ratio of the average monthly earnings of a pensioner to the average monthly earnings in the country in the same period;

- the amount of insurance premiums paid by the employer for the pensioner after January 1, 2002, if any;

- the sum of the valorization of the pension if the pensioner has work experience before January 1, 1991.

Step 3

Calculate the total pension by adding the base and estimated parts of it.

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