The insurance part of the pension and the funded one: how to increase them

The modern pension system in Russia is designed so that citizens begin to think about the future pension at the beginning of the work. It is at this age that you can already do something to secure yourself in old age. And for this it is necessary to understand what your future pension consists of in accordance with the law (what is the basic, insurance part of the pension, and what is the accumulative one), how can you increase it, or rather what part of it. It is necessary to understand how deductions are made and what can be done with them to increase the amount on a personal pension account.

The size of the pension depends not only on the length of service, but also on the level of the salary, as well as on voluntary contributions (contributions) plus investment income (if you start up the accumulation on your pension account).

The pension consists of the base part, the rest is due to insurance - mandatory (insurance part) and additional (accumulation, contributions). The insurance part of the pension is formed due to deductions of the employing organization in your name into the pension fund (22% of the salary, ie about 5 thousand per month). The longer these deductions are made, the more you have a salary, the higher will be the level of the insurance part of your pension. To achieve such a result, given that the salary consists of a minimum salary, it is practically impossible.

And after all, you should have enough pensions not only for food, utilities, but also for medicines, gifts to relatives and other benefits. Therefore, the insurance part of a pension without a funded pension will not ensure a normal life after the completion of work.

Additional deductions of the employee allow to form the funded part of the future pension with the support of the state (contributions are doubled - "1000 to 1000"). Each employee was notified of this possibility in 2010-2011 by his employer. If you still do not know how to participate in the supplementary pension insurance system, consult the local pension fund for advice. Until October next year (2013), you can apply to the Russian Federation for participation in the co-financing of pensions. From the moment of transfer of the first installment for another 10 years you can remain a participant of the program. The main thing is to contribute at least 2 thousand a year to your pension fund, so that the amount of the contribution is doubled at the expense of the budget.

In addition, savings (the insurance part of the pension does not count) can be transferred from the pension fund after 10 years to a non-state company for additional profit. Many organizations (pension fund, state or not, as well as private companies) offer to manage, store and accumulate your future pension. Similar programs exist in large employer organizations as part of a social package. Each program "guarantees" the protection of deposits from inflation and increased income. Do not take this word on faith, especially since it's about your future. In which case you will not be counting on anyone.

On the other hand, nothing to do - also not an option. Be careful and remember, you can always terminate the contract and return the fees and income from them (if such an option was provided for by the contract).

The insurance part of the labor pension differs from the funded one in that the former is used to pay pensions to other pensioners (the current one), only information remains about how much the state will have to pay you when you retire. The accumulative part is not spent, but is accumulated. Therefore, in relation to it, significant inflationary damage can be caused to your income in old age.

Pensions insurance is the best way out of the difficult economic situation in the country. A state coup with regard to the pension system was necessary and somewhat rational, since now everyone, if they wish, can increase their incomes after retirement, secure their old age. Earlier, there was no such opportunity (although earlier the pension was more due to the difference between the working population and pensioners).