The modern pension system of Russia includesyourself a certain type of savings, which are formed from employer transfers. Let's try to figure out what the insurance and accumulative part of the pension consists of.
What is part of the future security
Insurance and funded pension make up22% of the salary of each employee. The funds go to the formation of a future pension, which includes the insurance and funded components. Insurance is 16%, and cumulative - 6%. The state spends the insurance part to pay current pensioners and takes into account pension obligations to pay future pensioners. The insurance and cumulative part of the pension consists of all receipts transferred by the employer to the employee’s special account. The account number is indicated on the SNILS card. The state allows to increase accumulative savings by selecting management funds and companies.
The main components of a pension
Consider the differences between insurance and funded pensions.
Insurance:
- Makes 16%.
- Directly depends on the full length of service and salary level.
- Calculated by the Pension Fund for specialthe formula (quotient of dividing the pension capital at the time of retirement and the number of months of future transfers; to the result is added the minimum set by the state - the basic part).
- Manage funds man can not.
- Payment is made monthly upon reaching a certain legal age (55 years - for the female part of the population and 60 years - for the male).
Cumulative:
- Makes 6%.
- Depends on the level of wages and the term of monthly installments.
- A person can manage it - transfer it to any non-governmental pension fund or entrust it to a management company, thereby additionally increasing the size of his pension.
How to save and increase savings
Insurance and funded pensionare formed throughout the work experience of a person. Insurance savings are guaranteed cash payments by the state depending on the length of service, and the accumulative component includes 6% of employer's transfers to the pension fund from January 1, 2012.
Now any working person can choose the following options for disposing of cumulative provision:
- Leave it in the State Pension Fund, entrusting the preservation of the management company.
- Prefer any responsible company,where the cumulative part of the collateral will be stored in the state fund, and the funds will be managed by a non-state pension fund that has an agreement with the state fund.
- Savings savings are managed under the full control of non-state pension funds into which funds are transferred.
Accumulative and insurance part of the pension -mandatory components of a future pension. Anyone can take care of compulsory security by choosing a suitable option for managing accumulated reserves.
