Although, in fact, any Russian can pay contributions for pension insurance at will, even if the employer is already making contributions for him. This is necessary not only to earn the necessary length of service and pension points, but also to ensure that the pension itself is larger.
Now Russians with 15 years of work experience and 30 points can retire. If it’s time for you to retire by age, but you don’t have the experience and points you need for this, you can “buy” them with the help of voluntary contributions.
For one payment, you can add a year of experience and 1,076 points. And in just a year you can buy 8.52 points.
But this mechanism will come in handy not only for elderly Russians. In this way, for example, those who work for themselves can take care of their own old age. After all, no one makes pension contributions for the self-employed, which means that it is entirely their responsibility, explained Professor of the Financial University, Doctor of Economics Alexander Safonov.
To pay the contribution, you need to submit an application to the Social Fund of Russia, conclude an agreement with it and transfer money. You can determine the frequency of contributions yourself or pay the entire amount for the year at once. The contract can be terminated at any time.
Keep in mind that contribution limits are linked to the minimum wage. In 2023, the minimum contribution is 42,878 rubles, the maximum is 343,031 rubles.
Russians often complain about small pensions, so the population should like the new initiative of the Ministry of Labor and Social Protection. The department proposed to increase social pensions by 3.3% from April 1 in addition to the June indexation. The idea will have a positive impact on the income of about 4 million people.
