Calculation of pensions for those born in 1966 - formula and rules for calculating pension payments

Women born in 1966 will retire taking into account the changes provided for by the law on raising the retirement age. At the same time, they have the opportunity to leave early:

• due to difficult working conditions - for example, in hazardous industries, in the northern regions;
• or by length of service, if they worked as teachers, medical workers, creative professionals, and so on.

In addition, according to the new law, women raising 3 or more children or having 37 or more years of experience will be able to become pensioners early. Such benefits were introduced in 2020, and they also apply to women born in 1966.

In this article we will analyze in detail the procedure and conditions for retirement of women born in 1966, as well as the calculation of the size of the pension payment.

Retirement of women born in 1964 under the new law

In 2020, a law raising the retirement age came into force, which primarily affected women born in 1964 . They will be the first to retire under the new law. According to the standards of the old legislation, they were supposed to retire at the age of 55, that is, already in 2020. But taking into account the transitional provisions of the reform, the age value for them increases by 1 year (see Appendix No. 6 to Federal Law No. 400 of December 28 .2013).

However, women born in 1964 are eligible for a benefit that allows them to receive pension payments six months ahead of schedule. This right is granted in accordance with Part 3 of Art. 10 of Law No. 350-FZ of October 3, 2018. This means that their retirement is postponed only for six months .

Thus, women born in 1964 will retire at the age of 55 years 6 months . This will take place according to the following scheme (depending on the month in which they were born):

The pension legislation provides for various benefits, as a result of which the retirement age can be reduced (that is, it will be possible to retire earlier than the period specified in the table).

Table of age changes by year

The PFR budget has been in deficit for several years now and receives subsidies from the Russian treasury. The government has long been thinking about increasing the PV, but decided to change the scheme only now.

Dmitry Medvedev argues that it is no longer possible to delay it, since the number of able-bodied citizens is decreasing. Because of this, the pension system may lose balance, and the government will not be able to fulfill its own social obligations. According to the prime minister, an increase in life expectancy makes it possible to increase the average life expectancy in the Russian Federation to approximately 73 years.

Attention! It is expected that revenues to the Pension Fund budget will increase by 6 percent by 2020, by another 5 percent by 2021, and by another 7 percent by 2022. Consequently, the indexation of pension payments will “outpace” inflation. Every year pensions will increase by 1000 rubles.

Currently, the average pension in the Russian Federation is 14,500 rubles. In 2020 it should increase to 15.4 thousand, in 2020 – to 16,500 thousand. By 2024, the average pension benefit will be approximately 20,000 rubles. So says the head of the Ministry of Labor and Social Protection, Maxim Topilin.

Retirement of a mother of many children born in 1964

Simultaneously with the law on retirement age, new benefits came into force in 2020. One of these benefits is early pension for mothers with many children - with 3 and 4 children (for mothers with five children such a benefit was provided previously).

According to the new law (clauses 1.1 and 1.2, part 1, article 32 of law No. 400-FZ):

• mothers with three children retire at 57;
• and with four - at 56.

Since the law provided for a fixed age, mothers with 3 and 4 children born in 1964 will not be able to take advantage of this benefit. It is more profitable for them to arrange payments according to generally established standards, since they are much lower than those provided for on a preferential basis (at 55 years 6 months). Therefore, the deadlines for processing payments will correspond to the generally established ones (see table).

Let us remind you that for a preferential appointment it is not enough just to reach the established age:

1. Children must be raised until their 8th birthday ;
2. A woman must have at least 15 years of insurance experience and an IPC of at least 30 points.

In addition, when determining the right to benefits, children in respect of whom the mother was deprived of parental rights or whose adoption was canceled are not taken into account.

Early exit based on length of service (37 years)

If you have a long work history (37 years for women), you can apply for a pension before reaching retirement age. Having developed the required length of service, a woman can become a pensioner 24 months before the statutory period, but not earlier than 55 years .

Since the law sets the retirement age at 55.5 for women born in 1964, the length of service benefit for them will not be provided in full . The reduction will be only six months instead of two, since the law limits the lower age limit. Therefore, women born in 1964 with 37 years of experience they retire at 55 .

Let us remind you that the duration of this length of service includes only periods of working activity and paid sick leave. That is, the time a woman is on maternity leave for up to 1.5 years is not included in it.

Rules for calculating pensions and conditions of appointment

Current principles of operation of the software system in accordance with the current legal norms of the legislation of the Russian Federation:

Retirement age for those born in 1966

According to the bill of the Government of the Russian Federation (hereinafter referred to as the RF), adopted by the State Duma (hereinafter referred to as the State Duma) in the 1st reading, and changes made by the President of the Russian Federation, from 2020 the retirement age for persons born in 1966 will be:

• for women – 58 years;
• for men – 65 years.

In what year will citizens born in 1966 be entitled to receive software - calculation of retirement age:

How to calculate a pension for a woman born in 1964

The calculation of the insurance pension (SP), regardless of the citizen’s date of birth, is carried out according to the formula:

SP = PV + ∑IPK × SIPC

Where

• PV – basic part of the pension (fixed payment);
• ∑IPK – total IPC on a citizen’s personal account (SNILS);
• SIPC is the cost of one IPK (or so-called pension point).

The total IPC depends only on the citizen - on the duration of his work, “non-insurance” periods, for which points are also awarded (caring for a child under 1.5 years old, military service), etc. And the values ​​of the fixed payment and the cost of the pension coefficient are established by law and change annually.

Since women born in 1964 retire in 2019 and 2020, the calculation of the payment assigned to them will be different.

• When calculating pensions in 2020, the following values ​​will be used: FV = 5334.19 rubles, SIPC = 87.24 rubles. This applies to women born from January to the end of June 1964.
• When calculated in 2020 : the fixed payment is equal to 5686.25 rubles, the cost of one coefficient is 93 rubles. This applies to women born from July to the end of 1964.

This does not mean that women born in 1964 who received a pension in 2019 will have lower payments than those who received a pension in 2020. From January 1, 2020, their collateral will be recalculated taking into account the current values ​​of the PV and SIPC (traditional indexation will be carried out).

Fixed payment and bonus coefficients

The size of the PV is reviewed annually. In 2020, the amount is 4,982.90 rubles. For some categories of future pensioners, for example, for people with disabilities or who are caring for dependents, the amount will be higher than the generally established value.

In addition, for each year of later retirement, an additional incentive measure is provided in the form of a bonus coefficient, the size of which is different for the pension fund (PC1) and accrued pension points (PC2):

Calculation example

Lyubov Ivanovna Smirnova was born on May 25, 1964. She plans to retire and wants to calculate when she will be able to do this, as well as calculate the amount of payment that will be assigned to her in the Pension Fund.

1. According to the table, Lyubov Ivanovna will retire on November 25, 2019, when she turns 55.5 years old .
2. When calculating her pension payment, the size of the fixed payment and the cost of one point, established for 2019, will be used - 5334.19 and 87.24 rubles, respectively. To find out how many pension points have accumulated on SNILS, Lyubov Ivanovna will use her personal account on the Pension Fund website (picture below) or contact the territorial office of the Pension Fund.

   Smirnova has 46.584 points, which means the size of her future pension will be equal to: 46.584 × 87.24 + 5334.19 = 9398.18 rubles .

   In addition, from January 1, 2020, indexation will take place for non-working pensioners, and this payment will be recalculated taking into account the new values ​​of the PV and SIPC. The new security amount will be: 46.584 × 93 + 5686.25 = 10018.56 rubles .