How to boost your pension in Russia?
Russia's Pension Fund has published recommendations for residents of the country how to boost their pension, according to the Rossiyskaya Gazeta newspaper.
"The first rule is official employment," the article says. However, the department advised the employees to personally control whether their employers make contributions to the pension fund.
Second, the Pension Fund clarified that the retirement pension will be higher if the employee makes voluntary contributions in the framework of mandatory pension insurance.
In addition, Russians have the opportunity to save for retirement through the state program of co-financing of pension savings.
If a person has already retired or it will do it n the near future, then it makes sense to get an earnings record for any five years until 2002, when he had the highest incomes.
Women can recalculate the rate of a retirement pension for childcare periods.
Recalculation is also made when the number of disabled family members changes.
If a person, having retired, moves to the Far North or equivalent areas to work there, his employment period increases, which leads to an increase in pension.
The Pension Fund also added that if a person approaches the retirement age, but he decided to postpone its registration for several years, his pension will be higher.
The Deputy Director of the Institute for Social Analysis and Forecasting at the Russian Presidential Academy of National Economics and Public Administration, Yuri Gorlin, speaking with Vestnik Kavkaza, did not rule out situations when the employer pays a salary without paying personal income tax and insurance premiums. According to him, such a situation can be extremely unpleasant for both the employee and the employer.
The situation is different if the employee is officially hired. "If an employee is officially hired, but his employer does not pay contributions for some reason, then the employer faces risks associated with the tax service. Or another situation is possible. Everything is official, the assessment was made, but not paid. It causes tax debts. The employee’s pension will still be formed, as if this money is paid, and then the state will compensate this difference," Gorlin explained.
Head of the Scientific Research Financial Institute of the Ministry of Finance of Russia Vladimir Nazarov also confirmed the potential risk of bad faith on the part of the employee. "There are cases when a citizen was paid a salary, but in fact his employer did not pay insurance contributions to the Pension Fund," the expert said.
At the same time, Nazarov noted that he sees no threat that such incidents will happen more often due to the completion of the pension reform.
"This happens sometimes when the business goes bankrupt. But such incidents are immediately visible, especially since there are constant checks," the expert concluded.