Long before retirement, most people are interested in the size of their future pension, and calculate it on their own to find out what awaits them. However, do not forget that laws and regulations are constantly changing and supplemented. It is quite possible that in six months it will be possible to retire no earlier than at the age of 80, because no one knows what our government will come up with tomorrow.
It is necessary
- - paper;
- - a pen;
- - calculator;
- - income data.
Instructions
Step 1
Before starting the calculation, you need to take a calculator, a piece of paper and a pen. Previously, the calculations were more transparent, but now, unfortunately, the procedure is periodically complicated by additional cumbersome conditions. Now another innovation has appeared - the basic pension. This name means a pension, which is calculated according to the basic formula.
Step 2
For the calculation, you need to multiply the average earnings by the length of service. It is necessary to convert the entire experience into the total number of months, calculate the estimate of one year of experience, which is 1.35%, and multiply these two indicators. The resulting amount should be multiplied by 12. After that, you need to calculate the average earnings, for these purposes you will need data on income for the entire length of service.
Step 3
For further calculations, it is required to draw up a monthly table consisting of 7 columns: "Year", "Month", "Amount of income", "Maximum recorded earnings", "Average wages in the country", "Income for calculating pension" and "Coefficient" … All rows and columns need to be filled and matched with data. If in the line where the monthly income is indicated, the amount does not exceed the maximum earnings, then it must be entered in the column "Income for calculating the pension". But if the income is more than the maximum, then in the column "Income for calculating the pension" you should enter your income. To find out the monthly coefficient, you need to divide the income for calculating the pension by the size of the average wage in the country in each line. After all the income coefficients have become known, you need to calculate the personal coefficient. Add up all the coefficients for each month and divide by the total number of months worked.
Step 4
You can now find out the income for calculating the pension using the average monthly income for the country for the entire year that precedes the application for a pension. The value of personal income is calculated by multiplying the average earnings in the country by the income ratio. The basic amount of the pension is equal to the product of the amount of personal income and the length of service.
