The principle of accruing insurance pension exactly repeats any accumulative insurance program. The essence of the methodology is that a person pays contributions from wages throughout his labor activity and, as a result, receives an accumulated amount upon reaching a well-deserved rest. An insured event in this situation is disability.
Financial resources accumulated over the entire period of work, a person receives not once and in full, but monthly, almost in equal shares. But given the current level of inflation, the amount cannot always remain at the same level. For this, indexation of the insurance part of the pension is necessary. Its size will depend on the requirements. Therefore, you need to think about your life after going on a well-deserved rest as soon as possible.
What is an insurance pension?
Before deciding what is the indexation of the insurance part of the pension, you need to analyze the meaning of this concept.
This type of payment means monetary compensation to citizens who have an insurance policy and are disabled for any reason. This can be explained by old age, assignment of a disabled group, the presence of disabled family members, loss of a breadwinner.
This type of payment includes two components. This is directly an insurance pension, according to which indexation of the insurance part of the labor pension is calculated, and a fixed amount.
What types of insurance pension exist
An insurance pension is granted not only to citizens who are on a well-deserved vacation, but also to other persons with a good reason. The grounds for obtaining these charges are:
- reaching retirement age;
- disability group, confirmed by the conclusion of the medical commission;
- loss of the breadwinner.
What are the conditions for receiving an old-age insurance pension?
Not all elderly people are eligible for insurance pension benefits. For this, certain conditions must be met, which include:
- Age. In order to be able to receive a pension, a man must be sixty years old and a woman must be fifty-five.
- Seniority. In the period from 2015 to 2024, this value increased from six years to fifteen - annually per unit.
- The value of the personal pension coefficient. In the period from 2015 to 2025 this number will increase from 6.6 to 30 - annually by 2.4.
What is the length of service
The amount of accrued payments directly affects the size of the indexation of the insurance part of the pension. The amount due to a citizen on a well-deserved rest depends on several factors. One of these conditions is seniority.
Insurance experience - this is the total value of all working periods. This includes other activities. That is, those circumstances due to which a person was temporarily not engaged in labor. They are taken into account when calculating the size of pension payments.
All the time during which contributions were received to the Pension Fund is added to the length of service. This usually happens in certain situations. These include:
- service in the armed forces or law enforcement agencies (in the police, at customs, in the prosecutor's office, in the judiciary);
- temporary inability to work due to illness;
- maternity leave, but leave for the care of all children should not be more than six years old;
- temporary unemployment due to relocation or transfer by your organization to another place;
- participation in work under public supervision;
- stay in custody as a result of unlawful prosecution or repression;
- caring for a disabled person with a first group of disabilities, a disabled child and an elderly person over eighty years old;
- the period of residence of military wives in places with inability to find a job (this time should not exceed five years);
- the period of residence of family members of employees of diplomatic organizations abroad (only the first five years are taken into account).
The listed time is added to the length of service only if labor activity was carried out before or after such a period.
What is pension indexation?
Recently, the government controls the insurance part of the pension. Indexation is an increase in the amount of payments that is made annually. An increase in the level of indexation is affected by a decrease in the purchasing power of the most sensitive segment of the population.
Since there is an insurance part of a pension (the indexation of which is considered in our article) and a social part, the way of their recalculation has differences. The level of increase in the amount of social benefits is affected by the subsistence level for each region. And the indexation of the insurance part of the pension depends on social charges, the inflation index and the yield of the Pension Fund of the Russian Federation.
How are indexes for allocation calculated?
The indexation coefficient of the insurance part of the pension is recalculated according to economic indicators, in particular, inflation. But at the same time, the size of surcharges will not exceed the capacity of the state budget. For this reason, annual recalculation is regulated by law. The process is affected not only by the financial situation in the state, but also by the social situation. To this adjustment, the government established additional allowances in accordance with special decrees and decrees.
The indexation of the insurance part of the pension over the years had different meanings, and it is rather difficult to trace its dynamics, because various factors influenced the recalculation. Until 2013, the procedure for calculating the coefficient was one. Then the financial situation in the Russian Federation began to worsen, and the recalculation began to fully reflect the situation in the country. So, in 2016, citizens on a well-deserved rest received pensions at the level of the previous year. Indexation was assigned one-time, and its ratio was four percent.
What is the dynamics of accrual of indexation
In the previous year, as already mentioned, the insurance part of the pension was recounted only once. This was due to a decrease in the burden on the state budget. Indexing this year provides for two increases. One is scheduled for early February, the other will happen in April. This is the procedure provided by law.
The indexation of the insurance part of the pension each year had a different meaning:
- in 2010 - 6.3%;
- in 2011 - 8.8%
- in 2012 - 10.65%;
- in 2013 - 10.12%;
- in 2014 - 8.31%;
- in 2015 - 11.4%;
- in 2016 - 4%;
- in 2017 - 5.8%.
