What is the minimum pension in Russia?
What is the minimum pension in Russia?
The size of the minimum pension in Russia directlydepends on the size of the subsistence minimum of each region of the country. So, for example, the subsistence level, set for 2014, for the Tambov region is 4802 rubles, and for the Chukotka Autonomous Okrug - 14000 rubles.
Living wage
According to Russian legislation,The minimum pension assigned to citizens of the country should not be lower than the subsistence level. Otherwise, the pensioner is entitled to a social supplement in the amount necessary to achieve the amount of the subsistence minimum. This size is individual and depends on the region of residence. The average cost of living in the country is 6,354 rubles, as well as in the Republic of Buryatia. In the North-West Federal District, the average pension, taking into account social co-payment, ranges from 6,200 to 13,000 rubles per month. And in Moscow, the minimum pension is 8502 rubles.The minimum wage in the Republic of Sakha (Yakutia) is 9541 and 12132 rubles, depending on 1 and 2 zones.
Insurance and funded parts
Labor pension consists of two parts -insurance and funded. The insurance part of the pension is paid monthly by the employer to the budget of the Pension Fund of Russia. This pension is similar to a virtual account, as the citizen does not see the actual money, they leave for insurance cases and payments to today's pensioners. And their number is 40 million and is increasing every year. Such a system of payments is called a distributive system or a system of solidarity of generations, as it is now called in the people. The size of the funded part can be changed by a citizen. At the moment it can be increased from 2% to 6%. The employer also sends the amount of the funded part to the retirement account of the employee. But this money is no longer going to pay to the general treasury, but is accumulated and invested in a personal account. This amount will be paid at the onset of retirement age. Everyone can independently choose a non-state pension fund for their funded part of the pension. The old age pension may increase in the case of state reforms, with the appearance of a dependent from a pensioner, and also at the age of eighty. A citizen who retired can continue to work, increasing the accumulative and insurance parts.Social pension
In 2014, the social pension for disabled people from childhood and disabled children of the 1st group increased by almost 70% and amounted to 8,704 rubles.In addition to labor pension there is a sociala pension that is paid to disabled people and orphans. Citizens receive this pension when they reach a certain age and have a five-year work experience, and this pension is also for invalids and orphans. In the absence of the required length of service, a minimum social pension is assigned. In 2014, this minimum was increased by 5.5%. And disabled people of 2 groups, children who lost one of their parents, as well as men who have reached the age of 60, and women - 65, received, instead of 2562 rubles, 3626 rubles, thanks to a supplement to the pension of 42%. The average size of social pension in Russia for 2014 is 6,170 rubles.
