Russians were prompted when it is better to take pension savings – Rosbalt

In Russia, the conditions for the appointment of insurance and funded pensions differ – for example, to apply for funded pensions, you need to reach the “old” retirement age: 55 years for women and 60 years for men, or get the right to an insurance old-age pension ahead of schedule.

The last condition is relevant, for example, for teachers and doctors. At the same time, savings can be paid both as a lump sum and in the usual for pensions format of monthly payments, analyst of NPF “Future” Evgeniy Biesbardis told PRIME agency.

According to him, a funded (life-long) pension is assigned if the size of the calculated monthly payment exceeds 5% of the amount of insurance and funded pensions. “But if there is a desire to receive everything at once (in a lump sum), and the calculation slightly exceeds 5%, then we can advise to postpone the appeal to the NPF or Pension Fund of Russia for payments until 2022. After all, the size of the insurance pension in the new year is indexed from January 1, which means that the required ratio may change, ”the specialist warns.

Another nuance, Biesbardis pointed out, is associated with the fact that almost 16 million Russians participated in the state co-financing program or transferred maternity capital funds to funded pensions.

According to the law, from the funds of the mother capital, contributions from the state program participant, co-financing from the state and employers, as well as from the investment income received from these funds, an urgent pension payment is usually assigned – for at least 10 years.

Upon application, this money can be taken into account for calculating a funded pension or a lump sum payment. “Perhaps it makes sense to postpone the receipt of money or to combine payments: receive the bulk of the savings at a time or as part of a funded (lifelong) pension, and the rest within 10 years,” the expert believes.

In addition, he adds, active participants in the state financing program who have achieved the right to any pension, including insurance, but who have not applied for it, are given the right to receive co-financing of their own contributions from the state in four times: the participant contributes from 2 to 12 thousand rubles. per year, and the state in May next year adds 4-48 thousand rubles. This can be especially beneficial for those who achieve pension rights at the end of the year, Biezbardis sums up.