Pensions are often the only source of income for those who can no longer work. That is why the issue of calculating and recalculating the amount of payments is always acute. This instruction will help those who want to independently calculate their pension in connection with the valorization (pension increase), which began on January 1, 2010.
Instructions
Step 1
To calculate the increase in pension, you need to perform five steps.
Determine the estimated size of the retirement pension.
Step 2
Take the average earnings for any consecutive five years of work experience or 2000-2001 (RF) and divide by the average wage in the country for that time (RF). Multiply the result by the average wage in Russia for the period from July to September 2001 (NWP - 1671 rubles - constant) and by the length of service ratio (SK).
Step 3
The seniority coefficient is the length of service, calculated in months, worked out before 2002. So, the coefficient for the length of service for 25 years is 0.55. For each subsequent year of work, 0, 1 is added to 0.25. However, such arithmetic ends as soon as the coefficient reaches 0.75 - this is the maximum maximum, limited by law.
Step 4
Determine the estimated size of the labor pension (RP) using the following formula:
RP = SK x ZR / ZP x SZP
Step 5
Determine the expected period of payment of the old-age labor pension (T), i.e. the estimated time that a person will live after retirement. This indicator is used to determine the insurance and funded portion of the pension. Starting from 2002, it was equal to 12 years and by 2014 it will increase to 19 years.
Step 6
Determine the estimated pension capital (PC) as of January 1, 2002.
PC - the amount of receipts to the pension fund (insurance contributions, etc.) and pension rights in cash, which were received before the beginning of 2002, necessary to determine the amount of the insurance part of the pension.
PC = (RP - 450) x T (in months)
Step 7
Index the estimated retirement capital.
Indexation is a periodic increase in payments to improve living standards.
The indexation coefficient is 3.67 (since 2002).
Step 8
Calculate your pension increase
The received amount is PC and is subject to recalculation.
PC capital, taking into account valorization, is equal to PC x 1.47 (constant value, percentage of increase to PC)
The insurance part of the pension, taking into account valorization, is
Pcs x 1.47 / T
Step 9
Thus, the increase in pension is equal to
PC x 1.47 / T - PC x 3.67 / T
