Pension is a well-deserved rest of a person who has completed his career. At this time, he can travel, do what he loves. In order for him to succeed, pension insurance was developed in the Russian Federation. What kind of procedure is it, what features it has and what varieties it has, you will learn further.
Key Terms
Pension insurance in the Russian Federation is a system of various measures (social, economic, legal) that contribute to the compensation of payments received even before the establishment of compulsory insurance.
It is calculated according to a special formula, which includes not only the size of legal wages, but also the total length of service. Moreover, the bulk of the pension should not be less than the subsistence level.
Each month a certain percentage of your earnings is calculated in the Pension Fund. Moreover, you can use the services of both public and private organizations. However, you cannot withdraw these accumulations at any time. Naturally, there are some exceptions to this rule.
Varieties of insurance
There are several types of procedures provided:
- Compulsory Pension Insurance in the Russian Federation. It is provided for by the state budget. Thanks to such insurance, payments are made for the funeral of the deceased pensioner, as well as the monthly prescribed monetary remuneration for labor. These funds are allocated from the country's budget and are mandatory.
- Non-state. In this case, private organizations are responsible for the payment, on whose accounts money was accumulated when the pensioner worked.
- Additional. In this case, you can deposit a certain amount of money into the account. It is preserved and multiplied. Deductions may occur periodically or you deposit the entire amount immediately. After retirement, you will begin to receive additional funds.
- Voluntary Here the future pensioner is already taking the initiative.
Advantages and features of state insurance
This form is probably the most common. State pension insurance in the Russian Federation is mandatory. Only therefore, after reaching a certain age, you may not work, but receive money. In this case, the amount is established by the state budget and paid out of it.
The advantage of such a system is that the country guarantees the observance of the rights of those who have been insured. That is, in any case, you will receive a pension. The state regulates such relations. Moreover, all entities are required to make certain contributions to the country's budget. In addition, the public can monitor the fulfillment of the responsibilities of the Pension Fund.
Please note that in this case, the employer must insure. If he officially pays his salary, then contributions to the state budget go automatically. Pension insurance in the Russian Federation can be carried out by non-governmental organizations that are not tied to the federal budget. This issue is worth considering in more detail.
Features of private insurance
In this case, the country's budget has nothing to do with the procedure. That is, all the savings are deposited in the accounts of private organizations, which are subsequently required to pay you a pension. Private pension insurance in the Russian Federation is not very popular. The fact is that it has certain disadvantages:
- High risk of default on the part of the organization.
- The possibility of the disappearance of the contribution.
- The interests and rights of citizens are not sufficiently protected.
- A small amount of information that would make it possible to understand the work of non-state insurance systems.
Extrabudgetary funds may be open and closed. The advantage of such an insurance system is that you yourself choose the most favorable conditions for cooperation with the fund.
Features and Benefits of Voluntary Insurance
This procedure is very simple and straightforward. Voluntary pension insurance in the Russian Federation provides for the choice of the company and the suitable program by the client. In this case, you decide what percentage of earnings will be deducted. In accordance with this, your monthly pension is determined after completion of employment.
You can deposit funds annually or once a quarter. It all depends on the conditions of the signed contract, which can be concluded for a period of up to 99 years. Money can also be paid to a pensioner once a month, quarterly or six months. Please note that before concluding the contract, you should check all the information about the organization to which you are going to entrust your funds. Such a pension may be paid in parallel with the state.
What documents must be collected for registration of voluntary insurance?
I must say that the implementation of this procedure requires the presence of the person who will subsequently receive payments. State insurance is provided by the employer, so employees have little to worry about. In order to draw up a contract in a private company, you will have to collect the following package of documents:
- Passport of a citizen of the Russian Federation.
- Certificate of Income.
In principle, these documents are enough to conclude a contract. However, it all depends on the features of the work of an organization. As a result, you sign a document that spells out all the nuances of cooperation. Its compilation must be approached very responsibly.
As you can see, the purpose of pension insurance is to ensure a decent life for a person after completion of work. Which type of procedure to choose is up to you. You just need to determine your needs and goals. Additional pension insurance in the Russian Federation is an opportunity to be confident in the future.
