Since 2015, a new procedure has been introduced for the formation and payment of pension accruals in the Russian Federation. Now a retirement pension consists of an old-age insurance part, a funded part and a fixed payment. In addition, now a citizen who has reached a certain age has the right to apply for a one-time deduction. But how to do it and what is it - a lump sum payment from the funded part of the pension?
Cumulative section in pension payments: what is it?
A funded pension is a monthly deduction that is compensation for wages or other income that a citizen lost due to, for example, temporary disability with reaching a certain age. The calculation is carried out according to the pension savings, which are on the special part of the personal account or on the savings account in the Pension Fund of Russia (optional).
Citizens of the Russian Federation born in 1967 and younger, foreign citizens with registered citizenship of the Russian Federation, and also people without citizenship can wait for the transfer of the funded pension.
Any person who took part in the new system of compulsory PS can apply for such types of assistance from the state:
- one-time payment to older people from the funded part of the pension (the entire amount that has been accumulated for the entire time);
- urgent payment, which is carried out monthly, while the period can be chosen independently, and the amount is fixed;
- lifetime payment, which may be inherited.
Who can claim a one-time payment?
It is worth noting that not everyone is entitled to a lump sum payment to pensioners from the funded part of the pension. There is a certain group of people who can hope to receive such assistance. Who belongs to her?
Only those persons of retirement age who have a total amount of the funded part of less than 5% of the total amount of the labor part in old age are entitled to a one-time deduction.
All retirees who are not eligible to receive an old-age pension can also receive a one-time payment. This category of citizens includes persons whose total work experience does not exceed 5 years, but they receive pension contributions from the state due to disability or due to the loss of the breadwinner.
What papers need to be collected to receive a one-time deduction?
In order to understand how a lump sum payment from the funded part of the pension occurs, you need to familiarize yourself with the full package of documents that must be collected and submitted to the Pension Fund.
So, in order to receive a one-time deduction, you must provide:
- completed application in a specially established form;
- a document confirming the registration of a person, his age and citizenship;
- if a representative draws up papers for a pensioner, then he must provide the original passport;
- a document confirming the existence of pension insurance;
- a document issued by the PFRF, which proves the fact of receiving a disability pension or a survivor's pension.
After all the papers are collected, they must be contacted by the Pension Fund.
Single Payment Process
How is the process of paying a lump sum payment to pensioners from the funded part of the pension?
- You must contact the PFRF. To do this, it is advisable to first contact a specialist and set an appointment date in advance.
- At the reception with a specialist, you need to provide a full package of documents and a statement. It is better to immediately ask how a one-time payment is made to pensioners from the funded part of the pension. Its calculation also has an important role.
- Then, within one day, the PFRF specialists verify the authenticity of the documents submitted and whether the application was drawn up correctly.
- If some document was skipped, the employee of the Pension Fund calls up the citizen and returns him a package of papers for correction.
- Later, a decision is made on a lump sum payment, its amount.
A one-time payment is transferred within the period established by law, which cannot exceed two months.
If a citizen, for whatever reason, has been refused a one-time payment, but does not agree with such a decision, then he has the right to appeal it in court.
What should I do if a pensioner dies and the payment has not been received?
Many Russians are wondering if they can receive a one-time payment for a pensioner who has already died, while he had a funded part of the pension and never used the help provided.
The immediate family of the deceased may claim a one-time payment to pensioners from the funded part of the pension. The conditions for receipt will be special.
First you need to make sure that during his life a pensioner made a special confirmation of the appointment of successors. These may include:
- parents, spouse and children of the deceased, that is, relatives of the so-called first stage;
- brothers, sisters, grandfathers, grandmothers, grandchildren, that is, relatives of the second stage.
It is worth noting that such a payment is not taxed, but is possible only if there are supporting documents, and if a pensioner has never used this right during his life.
Lump sum payment to working pensioners, and how long to wait for the transfer of money
In Russia, every third pensioner, upon reaching a certain age, continues to work. But can a working pensioner hope to receive a lump sum payment to pensioners from the funded part of the pension?
As a rule, the payment of a lump sum is not provided for the working population. However, if a pensioner quits or there is a reduction in staff due to which a job was lost, the employer must pay the pensioner a severance pay.
Changes in 2017
Since this year, a restriction has been introduced on the frequency of transferring a lump sum payment to pensioners from the funded part of the pension. A few years ago, an application and a package of documents could be handled annually, but now this is done no more than once every five years.
In addition, the amount of a one-time transfer will directly depend on the amount of funds transferred to the existing funded part. The larger it is, the more and the size of the deduction will be larger.
Also, if the percentage of the funded part is 5% or less than the total amount of the labor pension, then a person can only count on 1 one-time payment. If the amount is more than 5%, then the number of payments is divided into several parts.
It is worth noting that if some part of the pension is accumulated in a non-state Pension Fund, to which a citizen has the right, then he must apply for a one-time payment there, and not to the PFRF.