Deductions to the pension fund and ways of managing savings

The basis of the future pension for each citizen of the Russian Federation is the deductions to the pension fund, which employers transfer to the personal account of the employee. These deductions received the name "insurance compulsory contributions". Each employee is an insured person with an insurance certificate with an 11-digit personal account number. It is monthly paid contributions, which in 2012 accounted for 22% of the annual fund for employee compensation.

Deductions to the pension fund are made if the citizens of the Russian Federation and foreigners residing in Russia:

• Work under the terms of the employment contract;
• Work outside the country, but regularly pay contributions to the PF;
• Are clergymen;
• Are in the small communities of the peoples of the North and are employed in traditional industries.

The law allows for self-employment, engaged in individual entrepreneurship or private practice. In this case, the deductions are made to the pension fund independently and pays a fixed amount, which in 2012 was paid on two receipts: 922.2 rubles a month was the insurance part of payments and 276.66 rubles - the funded part. An individual entrepreneur can pay contributions once a quarter or once a year, by filling in the PF form "PD-4sb tax".

Payments to the pension fund from the salary grow along with the amount of payments to the employee at the place of professional activity. Hence, the value of future pension can be increased. If a working person works in several places, deductions to the pension fund are made from each of them and sent to a single personal account. The account fixes a specific amount, but not real money. This amount is a guarantee of future pension. The transferred money goes on payment of pensions to those pensioners who have already reached the retirement age. The state annually indexes that part of the pension, which is called the insurance.

Payments to the pension fund can be made by the insured and in addition, upon a written application of the employee. This will increase the accumulative part of the pension. This opportunity is available to people born after 1967, which gives the young generation the opportunity to take care of their own pensions. These amounts do not go to pay pensions of today's pensioners, but can be invested in shares, securities, ie. Be invested to increase their investments.

Management of pension contributions:

• Work in organizations that contribute to the PF of Russia;
• In the absence of such payments by the employer to make contributions to the pension fund independently;
• To control your personal account through the Internet portal or through the notification system with letters sent annually by the PF to the insured citizens;
• Control the accumulations that are placed in the management company. If the result of using the funded part of the pension is unsatisfactory, you can change the management company;
• Increase their work experience, t. For persons who have worked 30-40 years, the pension is much higher than those who have a minimum guard of 5-10 years;
• Use the opportunity to participate in the Program of state co-financing of pensions, which guarantees a 100% return on investment: when paying 12 thousand rubles, the state adds the same amount, which in the end is 24 thousand a year;
• To participate in non-state pension schemes is the creation of an additional pension, which can be received by a citizen, even if he does not have a funded part of the pension in the Russian Federation Fund.

Payments to the pension fund are a guarantee of future pension. It can begin to form any young man who first went to work and received his first salary.