Russians should gain 30 pension points to receive a pension

UFA, 14 January 2015. /Bashinform News Agency, Galiya Nabieva/. Russians should have at least 30 pension points to be eligible for appointment of insurance old-age pension in the future. By 2025 the minimum period for a retirement pension will be increased from 5 to 15 years. Since January 1, 2015 in the pension system of Russia for the first time the concept of "individual pension factor" (point) is introduced, which is estimated each year of a citizen’s employment.

The Member of the Board of the Pension Fund of Russia, the head of Bashkortostan Directorate Foat Khantimerov believes that the new formula will stimulate people to work legally receiving officially shown salary, and employers - to pay insurance contributions and reflect them in the financial statements on time and in full.

Since the beginning of this year the departments of the Pension Fund of Russia in the regions and cities of the country began receiving single reporting from payers, which will last till February 16.

Starting this year, each employee will be able to monitor his retirement savings and check whether the employer pay the insurance contributions to the Pension Fund through the "Profile of Insured Person" on the website of the Pension Fund of Russia www.pfrf.ru or on the website of government services www.gosuslugi.ru.