How To Calculate A Preferential Pension

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How To Calculate A Preferential Pension
How To Calculate A Preferential Pension

Video: How To Calculate A Preferential Pension

Video: How To Calculate A Preferential Pension
Video: Service Pension calculation pension problems in special cases DEPARTMENTAL TESTS E LEARN 2024, April
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The current pension legislation provides for the receipt of preferential pensions for certain categories of citizens until they reach the specified age. This category includes more than 1,700 professions whose work is associated with the risk of disability. A feature of calculating a preferential pension is the determination of the length of service and special conditions.

How to calculate a preferential pension
How to calculate a preferential pension

Instructions

Step 1

Find out if you are eligible for a reduced pension. To do this, refer to the Federal Law “On Labor Pensions in the Russian Federation”. Find the section dedicated to your profession. It must indicate the number of years that must be worked in this area in order to qualify for early retirement.

Step 2

Determine the preferential experience for receiving a pension. The calculation of this value is established by the Decree of the Government of the Russian Federation No. 516 of July 11, 2002. When determining the length of service, periods of temporary disability, main and additional leave are taken into account. If you have worked in several places that allow you to receive the right to a preferential pension, then their experience is summed up only in cases established by law. A separate calculation is carried out for periods with part-time work schedule. Determining the preferential length of service is a rather laborious task, so it will be easier to apply with this request to the office of the Pension Fund of the Russian Federation.

Step 3

Calculate the seniority ratio. Its value depends on the profession that allows you to retire early. As a rule, 25 years of experience corresponds to the value of 0.55. For each additional year, 0.01 is added to this value. As a result, the coefficient should not exceed 0.75.

Step 4

Calculate the insurance and funded parts of the preferential pension. These values depend on the amount of pension accruals and average annual earnings. The calculation rules are determined by legislative acts, therefore, to clarify the amounts, you must contact the office of the Pension Fund of the Russian Federation.

Step 5

Get a preferential pension. To do this, submit to the Pension Fund of the Russian Federation documents confirming your identity, length of service and special working conditions. It should be borne in mind that pension payments will be accrued from the date of submission of the application, so it is advisable to proceed with registration a month before the onset of the right to early retirement.

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