How is the formation and recalculation of pension?
The state guarantees to each its residentpension, the size of which consists of several parts. The basic is the minimum labor pension. It must be paid if you have worked for more than 5 years. The insurance directly depends on the salary and is formed from those 10% that you deducted from your hard earned money every month. Finally, the funded includes 4% of the earned funds and is replenished due to your investments. It is not in the pension of those people who were born in 1966 and earlier: they have an accumulative simply enters the insurance part.
Every officially working citizen receivesfrom the PF notification of which cumulative part is currently in his account. She can be disposed of at her discretion, for example, transferred to a trust organization. The only thing you can not do is to hold this money in your hands and spend it. At least until you retire. Then they will definitely be yours.
And now let's talk about recalculation. It may be necessary if the circumstances of the formation of the pension have changed, or you have some new documents. Recalculation of pension can be made and in such cases:
you have exceeded the age limit in 80 years;
you have a new or changed disability group;
you have lost a breadwinner or an able-bodied family member;
you have enough work experience in the Far North and similar localities.
There are other options that are discussed in theeach case individually with employees of the pension fund. For example, in order to formalize the recalculation of pensions for working pensioners or the recalculation of pensions for military pensioners, it will be necessary to submit the relevant documents.
In order to recalculate a pension, it is necessarysubmit a written application to the territorial bodies of the pension fund at the place of residence. The exception is the cases that are on our list first. That is, an increase in the old-age pension at the age of 80 and disability if you are assigned a higher group. By the way, without a statement, pension recalculation can still be made in the direction of its reduction.
Speaking about the funded part of the pension, it is worthnote one important point. That money does not lie idle, they can be invested. Let's say, transfer to bonds or deposit a reliable bank. The earlier you do this, the more chances for a comfortable old age. However, an important factor with deposit deductions is regularity. For example, if you start to save a thousand rubles at the age of twenty, and then drop it at forty, you will approach a 65-year-old line with good capital of a couple of millions and a monthly interest payment that is twice your salary. But it is quite another matter - when in forty years to regularly postpone the same one thousand to the pension itself. For such a long period, the interest accrued will be tens, if not hundreds, times higher than the amount of the deposits themselves. Enough for a country house, and a trip to Europe, and to help grandchildren. True, there is a certain share of financial risks, but with sufficient financial literacy they are reduced to almost zero.
Now you know how the formation and recalculation of pension takes place, as well as how to manage your money competently, so as not to be impoverished in old age.
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