Recalculation of pension after 5-40 years of work experience: purpose, amounts

Features of additional payment for length of service after the introduction of the new pension formula

40 years of service is the basis for accruing an increase in pension payments.
But the period of official work is not a one-time basis. The size of pension payments is determined by how much the citizen contributed to the pension fund while working. The head of the enterprise makes deductions independently, taking into account the size of the salary. Individual entrepreneurs in Russia pay some amounts on their own.

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A citizen of the country can apply for an increase in pension payments after receiving 40 years of service. In government agencies, re-registration occurs without problems, but a number of conditions must be met.

Accrual occurs according to the formula. Capital indicators, the number of months for which the calculation is taken, and the entered volume rate are taken into account. Pension Fund employees calculate the amount of additional payment for each specific case separately.

This recalculation is possible only in relation to the pensions of working pensioners.

The peculiarity of this recalculation is that it is made for the length of service of a working pensioner, which falls on the previous year.

In 2020, pensioners who work had the opportunity to add points earned in 2020 to their score, but not more than 3 points. In this case, the maximum cost of the ball is determined for each year, up to 2024.

Accrual and recalculation of pensions are carried out automatically by the Pension Fund. In normal situations, there is no need to contact him for this procedure.

However, if there is a possibility that any period was not taken into account when calculating the pension amount, or the pensioner wants to replace some periods with others, then he needs to personally go to the pension fund and have all the necessary documents with him.

In order to confirm the length of service not taken into account in the work book or when calculating a pension, you must provide the following documents:

• Archival certificates from state or municipal authorities;
• Statements from the employee's personal account;
• Copies of statements for payment of wages at the enterprise;
• Employment contracts;
• Certificates of transfer of contributions to extra-budgetary funds;
• Orders for employment.

The law does not provide any special benefits for citizens whose work experience is 40 years or more.

On the other hand, if a citizen worked for the specified period of time, and his labor activity began during the Great Patriotic War, then he can apply for the honorary title “Veteran of Labor” without actually having any departmental awards.

The benefits that a citizen with this title receives are determined at the federal level. This includes discounts on utility bills, reduced travel on public transport, free dental prosthetics and a voucher for sanatorium treatment and other social benefits.

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Recalculation of a preferential pension at 55 years of age and similar operations provide that it is initially necessary to calculate the amount of length of service. It includes not only the time spent performing labor activities, but also time periods when the citizen did not work. The reasons for this must be valid.

The calculations take into account:

1. the time when the citizen served in a military unit;
2. caring for a disabled relative (only 1 disability group is taken into account);
3. care for an elderly citizen who has reached 80 years of age;
4. the period when the employee cared for the baby (duration no more than 1.5 years).

For each child who was cared for, only the specified period will be included in the length of service. It is important that the calculation of length of service in the presence of several children is carried out cumulatively. The overall figure is 6 years.

Conducting recalculation for working pensioners with over 40 years of service is not difficult. The accumulated points must be multiplied by the value of the IPC. Only those coefficients obtained for additional years of experience are taken into account.

Please note: The total value expresses the supplement to the pension benefit. In 2020, 1 point equals 87.24 rubles. During the recalculation, this indicator will need to be taken into account. This will help you make an approximate calculation of the benefit amount yourself.

When calculating, the Pension Fund uses the following data:

• the industry in which the citizen worked;
• payment of bonuses throughout the year related to diligence in work;
• subject of residence and work.

The increase in pension for 40 years of work experience with the title “Veteran of Labor” has a fixed expression.

The amount of payment is determined separately for each region. The reason for this is that financing comes from the subject’s budget. This suggests that citizens living in different territories will receive different bonuses in 2020.

Including:

• residents of the capital are entitled to an additional payment of 495 rubles;
• in Krasnodar – 487 rubles;
• the authorities of Bashkiria set a limit of 376 rubles;
• in Tatarstan – 448 rubles;
• The executive bodies of St. Petersburg set the amount as 800 rubles.

To clarify the amount of additional payment to the benefit, a person will need to contact the administration of the municipality in which he lives. Employees of this body will also indicate whether the citizen has benefits.

Thus, a recalculation of a pension at 60 years for a man can be made if his work activity lasts more than 40 years. For female representatives, this figure is reduced by 5 years.

Is there a pension supplement for 40 years of work experience if there were breaks? Many people mistakenly believe that only continuous experience is required for calculation, but this is not the case. There are certain situations where breaks were forced and they are included in the calculation of seniority.

• period of military service;
• caring for a disabled person of group 1;
• caring for a disabled child under 18 years of age;
• maintenance of an elderly person over 80 years of age;
• maternity leave (1.5 years for each child, but not more than 5 years).

Work experience
How to get a pension supplement for 40 years of work experience from 2019, where to apply and with what documents? To apply for recalculation of pension benefits, a pensioner must contact the social service to obtain a “veteran of labor” certificate. To do this, he needs to present a passport of a citizen of the Russian Federation and a copy of his work book.

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Pension recalculation

Along with the application, the pensioner must submit the following documents:

• passport;
• pensioner's certificate;
• pension insurance number;
• labor;
• additional documents confirming the fact of employment, which is not reflected in the work book (certificate of employment, employment contract, etc.);
• bank statement indicating the amounts of salary transfers;
• for military personnel, extracts from orders will additionally be required;
• state awards (medals, badges);
• a certificate from social security confirming the awarding of the title “veteran of labor”.

Having submitted the appropriate package of documents, you can expect additional payment next month. The amount of the supplement depends on many factors, including the cost of living established in the region of residence, so it is impossible to determine the exact amount. For example, a pensioner living in the Republic of Bashkortostan may receive an additional payment of 376 rubles for 40 years of work experience, while a pensioner from St. Petersburg will receive 828 rubles for the same work experience.

Residents of the Far North can count on an increase in insurance coverage by 1.5 times
Back in 2020, there were many publications that pensioners would receive an increase for more than 40 years of service. Some sources even provided specific data that supposedly the increase would be due to the accrual of additional pension coefficients (pension points) to pensioners:

• women with 30 years of experience and men with 35 years of experience will receive 1 pension point;
• women with 40 years of experience and men with 45 years of experience will receive 5 pension points.

But the authors of these publications did not provide any specific supporting information. Some of them wrote about some kind of bill, others shared information that, it seems, the Government wants to propose something, etc. But nothing more. All this looked like ordinary rumors, which some sources tried to pass off as news.

In this regard, we would like to note that currently in 2019, Russian legislation does not provide for the recalculation of pensions after 40 years of work experience. The same applies to 35 and 45 years of experience. More precisely, the pension is recalculated, but it is done on a general basis, without reference specifically to 40 years of service.

Perhaps something will change in the near future. But, we repeat, in 2019, an increase in pension for 40 years of service is not provided for by the legislative acts of the Russian Federation.

The size of the increase in pension for a long-term working activity of a retired citizen differs from the nature of the expected bonus for the following reasons:

1. The applicant provided additional certificates, extracts, and documents that were not previously taken into account.
2. Contributions were identified that were not taken into account for various reasons.
3. Additional criteria have appeared that affect fixed payments.
4. Insurance premiums are recalculated when a pensioner who is already receiving benefits from the state stops working.
5. The sufficiency of conditions for obtaining a “Veteran of Labor” certificate is taken into account.

The increase is established after recalculation, while for the fourth case, as a situation of an undeclared nature, recalculation occurs automatically based on the contributions transferred by the policyholder. When applying for new documents that increase the amount of payments, the citizen must apply for recalculation to the territorial branch of the Pension Fund.

Algorithm for recalculating pensions and the amount of additional payments

Direct recalculation of pension benefits is very simple. The number of additional points awarded for accumulated years of experience is multiplied by the value of one such bonus in rubles. This amount will be a pension supplement.

For 2020, 1 pension point is equal to 81 rubles and kopecks. Accordingly, recalculation is carried out strictly taking into account the specified value. Based on this, you can independently make an approximate calculation of the premium.

However, during the final recalculation, Pension Fund employees will additionally take into account the following factors:

1. the branch of professional activity in which the person was employed on a permanent basis;
2. the presence of bonuses and awards for diligence in work;
3. region of residence and professional activities of the pensioner.

If we are talking about an increase in pension, taking into account forty years of work experience with the title of Veteran of Labor, this means a fixed amount of additional payment. Moreover, its size is set independently by the authorities of a particular region, since the payment is made from the local budget.

For example, premiums to old-age benefits for the title Veteran of Labor by city in the current year are fixed at the following values:

• in Moscow the premium is 495 rubles;
• in the Krasnodar Territory the EDV is 487 rubles;
• in the Republic of Tatarstan the additional payment is 448 rubles;
• in Bashkiria – 376 rubles;
• in St. Petersburg just over 800 rubles;
• in Krasnoyarsk and the region – 421 rubles.

Accordingly, interested persons are advised to seek advice from the local administration in order to clarify the value of the amount of the additional payment to the pension. Here you can inquire about the benefits and preferences granted by rank.

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Allowances for length of service

Pension legislation has undergone significant adjustments over the past decade, and today new formulas are used to determine security. The formation of pension payments according to the new rules is based on the principle of stimulating a person’s desire to work longer in order to receive decent funds in old age. As a result, the determination of payments is significantly influenced by length of service, especially long-term work experience – more than 35, 40 years.

The government strives to improve the quality of life of Russians of any age group. A bonus increase in pension benefits for long-term work demonstrates a favorable financial result for both pensioners and the state budget. It is important to understand that the amount of security depends not only on the amount of time worked, but also on officially received labor income and contributions paid by the employer.

The insurance part of the pension consists of a fixed amount, a fixed amount, which is the same for everyone (for 2020 - 4982.9 rubles) and points earned by the pensioner, multiplied by the cost of the point. Own individual points (individual pension coefficient - abbreviated IPC) are awarded to a person depending on the insurance contributions paid annually by the employer from the salary of the future pensioner to the Pension Fund (abbreviated PF) during the period of work. In addition, additional points (coefficients) are awarded for long work experience.

Moreover, the main role is assigned to insurance premiums, and the period of work, as previously was the case under Law No. 173-FZ “On Labor Pensions in the Russian Federation,” does not play the previous role. It should be noted that an increase in pension for 40/30 years of service is carried out when a citizen is awarded the title “Veteran of Labor”, awarded by social security authorities in accordance with regional legislative norms. In addition, the monthly financial increase is complemented by a number of benefits.

Minimum experience

After the entry into force of Law No. 400-FZ, today the future insurance part is guaranteed by the employee’s contributions. Payments began to be determined not from the pension capital, but from the individual investment complex. Pension rights that the Russian earned earlier are also converted into points and taken into account when assigning state support in old age. Points that can be collected in a calendar year are calculated based on officially paid contributions from earnings.

The coefficients earned per year are limited. For retirees going on vacation in 2020, the maximum value is set at 8.7. The parameter is set separately for both the insurance and savings parts, but due to the “freezing” of the savings amount, the size is the same regardless of the choice of accrual system.

The funded pension payment is fixed across the country. In 2020, it was set by the Pension Fund in the amount of 4,805 rubles. This is a minimum amount, but often retired Russians receive a lot of money. The fact is that allowances are made depending on years of experience. They are equal to the sum of points earned, and the parameter is multiplied by the cost of one point.

The cost is not a fixed value; it is changed by the citizen of the country independently. It is calculated depending on what payments a person makes to the government agency. The more he pays, the more his point becomes worth. Consequently, the size of the pension payment increases.

Points are awarded in the following quantities:

• 1 coefficient if a woman’s work experience reaches 30 years, and a man’s work experience reaches 35 years;
• 5 coefficients if a woman has worked for 40 years and a man has worked for 45 years.

The Government of the Russian Federation has set the size of one point at 78.58 rubles. According to the state program developed until 2025, the size of the ball will increase annually. There is no exact data on the increase, since the amount is affected by the level of inflation in the country.

Expert opinion

Elena Smirnova

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Those citizens who have 50 years of continuous work experience at the enterprise receive additional payments. The amount is fixed, paid in addition to the main one. That is, points are not recalculated. In 2020, the amount of this payment will be 1063 rubles per month.

Legal regulation

Russian legislation in the field of insurance pension accruals consists of a number of regulations. The main norms are laid down by Laws No. 167-FZ “On Compulsory Pension Insurance in the Russian Federation” and No. 400-FZ “On Insurance Pensions”. The regulations regarding pensions financed by the federal budget are prescribed by 167-FZ; for military personnel (including employees of the Ministry of Internal Affairs), the provisions of Law No. 4468-1 apply.

The mandatory indexation of pension benefits is provided for by Law No. 400-FZ, and the cost of one individual pension plan is adjusted annually by a separate law approving the pension fund budget. Additional benefits for veterans of all groups are established by a special legal act - Law on Veterans No. 5-FZ, which, among other things, introduces the term length of service to create preferential pension conditions.

What is included in the experience?

The total work experience is calculated depending on the specific specialization. But you don’t have to work continuously for 40 years. The law provides that certain life periods may also be included in the amount.

The following must be taken into account:

• maternity leave;
• service in the Russian army.

Women count on maternity leave, which can be a maximum of five years, but not more than one and a half years per child. Military service is taken into account entirely by both sexes. Time spent studying in educational institutions, including the military department of state higher educational institutions, is not taken into account.

Important! Military personnel who serve under a contract are provided with bonuses depending on their length of service. For example, if the service time was more than 25 years, then this is 40 percent.

Allowances for citizens with extensive experience

Minimum experience

Given that the formation of security for old age depends on insurance contributions, the work experience of a pensioner may be affected by receiving an additional payment to the main monthly part and other factors. Duration of activity of 35 years (women)/40 years (men) increases payments by establishing an additional supplement for the person as a labor veteran. The additional payment, as well as the decision to confer a veteran title, is determined by the social security institutions in the region where the pensioner lives.

The amount of additional payments is influenced by the industry of work, area of ​​residence and work, and the presence of salary bonuses. It should be clarified: this monetary increase is due if the applicant is already receiving old-age benefits. In addition to the bonus, the pension after 40 years of service is increased due to a number of benefits, some of which are translated into monetary terms. Each additional year gives bonus points:

• one point – for a working life of 35 years for men, 30 for women;
• five points for work duration: 40 for men, 35 for women.

In order to receive a pension recalculation based on length of service and additionally receive point coefficients for a long period of work, it is not necessary to work for the required number of years. The legislation provides for the inclusion of non-working periods, which are also included in the final length of service. These include:

• military service;
• maternity leave;
• caring for a disabled person (an adult of the 1st group or a child), a person over 80 years of age;
• the period of registration as unemployed with the employment authorities;
• period of incapacity for work due to illness (if sick leave is available).

Education is not included in this list. Since insurance deductions do not occur during such time periods, the duration of the period directly affects the formation of the insurance part - the longer they are, the lower the payments. So, the points awarded are:

• compulsory military service – 1.8;
• care for children under 1.5 years old – first 1.8; second 3.6; third/fourth 5.4;
• care for the disabled and the elderly – 1.8.

Conditions of receipt

Some pensioners have an unconditional opinion that additional coefficients are automatically awarded for 40 years of work. The legislation did not provide for an increase in security specifically for long-term employment after a Russian retires on retirement. If the pensioner is not a labor veteran, then there are no separate, special benefits for long service.

At the same time, an increase in pension for 40 years of service, provided there is enough time worked to qualify for a veteran’s title, is not the only basis on which it is possible to receive an additional payment to the pension. The duration of total output affects the increase when:

• length of service was not taken into account when creating security (for example, there was no supporting documentation);
• the pensioner continues to work.

The benefit for a pensioner who has worked in hazardous work is calculated in the standard manner. Its size depends, first of all, on the employer’s insurance contributions, the amount of which is determined by the category of danger of the employee’s work. Harmfulness is assigned by the certification commission. If the profession is recognized as dangerous, the employer is obliged to additionally transfer insurance funds. The contribution amount is, as a rule, 20-30% of the employee’s monthly income according to the payroll.

In order for a pensioner to be able to exercise his rights to an increase for long-term work, it is necessary to complete and personally submit an application. Documents can also be submitted by a legal representative on the basis of a power of attorney certified by a notary. Benefits are provided on an application basis, that is, at the request of the person himself, and in order to acquire additional state support, you must independently and on time submit documents on rights.

Each federal subject has the right to independently regulate the amount of benefits, taking into account the territorial subsistence minimum and the regional coefficient. Automatic calculation of the bonus is possible if the pensioner continued to work and the employer transferred contributions to the insurance fund: then, after dismissal, the citizen receives an increase from the next month.

The application form will be provided by the social security authorities. The form contains columns to be filled in according to the required documents, which are listed in the inventory after the application in conjunction with passport information. Since the application and other information contains personal information of the applicant, the application confirms consent to the processing of information in accordance with Law No. 152-FZ. If you have difficulties filling out, a social worker will help you with the correct registration.

Where to contact

Having collected the required package, you should contact not the Pension Fund, but the social security service at your place of residence. The pension fund is not authorized to establish such bonuses. In order to take full advantage of the privileges, it is recommended not to delay the visit, but to do so as soon as the pension is assigned. There are several ways to contact:

• submit an application to the social security department;
• send an electronic application through the government services website.

Documentation

To receive a monthly increase for long-term work, the following must be attached to the application:

• passport;
• pensioner's ID;
• confirmation of length of service (employer certificates, work book);
• SNILS;
• confirmation of old-age insurance payments;
• veteran's ID.

If the applicant wishes to receive money to a bank account and not through mail, then the list is additionally supplemented by a certificate with bank account details for crediting funds. If the documents comply with all the rules and requirements for changing payments, the pension provision is recalculated. In case of non-compliance with the prescribed legislative requirements, the citizen receives a written substantive report.

Recalculation is required, but there are conditions for it to begin. Pensioners have the right to apply for it:

• whose age has reached 80 years;
• with a disability.

Those who have worked in the North of the country should take other criteria into account. 50% of the established norm is added after 20 years of experience for women and 25 for men. Disabled people of the third group cannot receive a double bonus.

A number of privileges are provided for this category of persons. You can use them if you meet the conditions.

Including:

• if the total length of service for a man is more than 35 years, for a woman - more than 30 years (an additional 1 IPC is accrued);
• when a citizen has an output of 40-45 years, he is awarded 5 pension points.

If the length of service is 50 years or more, the right to a bonus in a fixed amount arises. Currently the amount is 1050 rubles.

We will discuss below what types of bonuses are provided for by law and whether it is possible to add to the pension for 40 years of service. In accordance with the Pension legislation, some bonuses are due for long service, but they apply to a limited circle of the population. Previously, our state highly valued the length of years worked, especially in one place in one’s home region. This type of experience was called continuous.

As of today, there are 3 types of allowances:

1. Persons who worked 20 years (women) and 25 years (men) before 2002 receive an annual increase of 1%. It is calculated as of January 1, 2002, based on length of service. There are few people left in this category, and every year there are fewer and fewer of them. It is calculated for each year worked.
2. The pension reform put an end to the Soviet system, according to which any person received pension payments of a fixed amount, because... all citizens worked officially. Now, when they retire, people expect an annual increase in the points they earn. The cost of the coefficient increases every year, but you will not be awarded more than 3 points per year. And accordingly, this amount will not be equal to 1063 rubles, because 1PB = 83 rubles.
3. If we consider an increase based on length of service, then only citizens of rural settlements can receive it. At the same time, the bonus will be assigned only to those who are not working at the time of applying for a pension, who have worked for more than 30 years, on collective farms, state farms, etc. The size assigned is 25% of the base size. It turns out that in 2019 this category of citizens will receive an increase in the following amount:

1333.55 rubles – by age or if you have a disability group I or II;

666.77 rubles – for persons with disability group III.

For rural citizens, a supplement of 25% of the pension is paid only during their permanent stay in rural areas. If you change your place of residence, the increase will be cancelled.

From the above, we can conclude that there is no provision for an additional pension for 40 years of service in Russia in 2020. Despite the fact that we have many citizens who have honestly worked for decades, their work is not quickly appreciated.

Perhaps the information about the supplement to the pension for 40 years of service in the amount of 1063 rubles arose after the president’s promise to increase pensions for all citizens by 1000 rubles.

Conclusion

Even for 40 years of work experience, the government pays only 500-700 rubles extra, which is not much. If you read all the new laws/reforms, you can understand that the state is trying to little by little “pull” the country out of the hole, which is called “low pensions.” It can be seen that pensions are re-indexed almost 3 times a year, and insurance and social pensions are recalculated every few months.

But it is impossible to say that the lives of pensioners have improved. According to experts, we need to wait a couple more years, thereby giving the new reform time to form.

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Factors influencing the amount of pension benefits

The concept of continuous service was actively used during the USSR period. At that time, this played a significant role not only in calculating pensions, but also in sick pay, calculating average earnings and other situations.

With the introduction of the Russian Labor Code, this concept ceased to be actively used.

This document establishes that the length of service will be continuous if:

• No more than a month passes between dismissal and a new job;
• The employee resigns at his own request, and the interval between work periods is no more than 3 weeks;
• He has worked at his current job for at least 1 year.

If a citizen applies for a pension later than the allotted time, then his IPC will be increased. It turns out that the longer you work, the more points you will accumulate. In this regard, it would be logical to assume that a pension supplement for 40 years of service is due to all people of a certain advanced age.

Recalculation of the amount of payments upon reaching forty years of service occurs automatically. A person does not need to contact the authorities. But there are situations, especially when it comes to small towns or cities with a large number of pensioners, when recalculation does not occur. Therefore, you need to apply yourself.

If the recalculation does not occur and the Russian receives the same amount, then he should immediately contact the authorities and demand an explanation of the situation. The social protection authorities are dealing with the issue.

What will you need?

Please note that in 90 percent of cases there is no need to apply for recalculation. The process happens automatically. But if for some reason this does not happen, then contact the government agency. To re-register a pension if you have reached 50 years of service, you must apply yourself - there is no automatic calculation.

The pensioner is not required to take any action other than telling the authority employee what question he is asking about and presenting the necessary package of documentation. Copies remain with the public protection authorities.

Very often you can hear the dissatisfaction of pensioners that someone who has worked for fewer years receives a pension in the same amount as a person with 40 years of experience. In fact, the amount of security is influenced by many factors; it does not depend only on the duration of work. The law establishes a minimum threshold of work experience, after which a citizen can apply for an insurance pension.

In addition, the amount of pension is affected by the amount of contributions made by the employer to the Pension Fund budget. Deductions are made not only from salary, but also from other additional payments (bonuses, additional payments for length of service, overtime allowances, etc.). Persons employed in harmful and dangerous work, as well as workers in the Far North, receive additional IPC, on which the amount of future social assistance depends.

Persons employed in harmful and dangerous work, as well as workers in the Far North, receive additional IPC.
Working pensioners can also apply for a pension supplement for 40 years of work experience from 2020. Each additional year of work gives:

• 1 point for more than 35 years of experience for men, more than 30 years for women;
• 5 points for more than 40 years of experience for men, more than 35 years for women.

At the same time, we note that in one year an employed pensioner cannot be credited with more than 3 IPC. If a pensioner leaves the service and retires, all points earned will be credited to him.

Pension indexation will take place in 2020

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Pension recalculation

The amount of the pension supplement for 40 years of service if a Russian has Veteran of Labor status is fixed, but the amount depends on the place where the pensioner lives. Legal regulation on the decision whether to pay extra for long-term work experience is the responsibility of the constituent entities of the Federation, and funding comes from local budget sources.

The main benefits are the same - free or discounted use of public transport, utility discounts, production/repair of dentures. Thus, in St. Petersburg, the daily wage, taking into account indexation, is equal to 828 rubles; honored workers are provided with preferential payment for housing (50%), housing and communal services (50%), and city and suburban travel. In the Sverdlovsk region, labor veterans receive 805 rubles. every month, 50% discount on housing payments and another 433 rubles. separately for travel.

In Moscow, labor veterans have the opportunity to enjoy free commuter rail travel, the manufacture of dentures, and treatment in a sanatorium. Veterans' cash compensation for home telephone payments is also provided. The monthly municipal payment for Muscovites is 495 rubles. The decision to index the EDV is also made annually at the local level.

Both civilian and military pensioners have the right to state benefits for their length of service - to a pension upon reaching age. A second civil pension upon reaching certain years is assigned if insurance premiums have been paid for at least five years. The insurance part is provided for those persons who already have military support and continue to work in any civilian institution. In order to issue an addition, the following should be submitted to the Pension Fund department along with the application for recalculation:

• passport;
• SNILS;
• a document from the law enforcement agency on the length of service to take into account state benefits based on length of service;
• work book;
• information on average monthly earnings for five consecutive years.

Russians who have worked for a long time in harsh, remote northern conditions will be able to claim payments from the state before the required standard age mark is reached. Thus, a man who has worked in the Far North for fifteen years or in territories equivalent to it for twenty years or more will be able to go on vacation from the age of 55.

For women, with a total work experience of 20 years and a similar duration of work as for men in the Far North (15 years), this threshold is 50. For representatives of professions - reindeer herders, hunters, fishermen, who both work and live in this area, early retirement five years earlier than in the example given here, that is, for men - from the age of fifty.

Pension after 35 or 40 years of work experience: what are the bonuses?

The modern pension system, on the one hand, introduces more and more difficulties to achieve retirement, on the other hand, it creates clear conditions necessary for receiving a decent pension in old age. At the same time, there are various allowances, such as recalculation of pensions after 35 or 40 years of work experience. It’s the latter that we’re going to look into in this review.

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According to the latest amendments, the size of the pension can only be affected by earned pension points, which directly depend only on the size of pension contributions to the Pension Fund. That is, two pensioners with the same length of service may have different pensions, and a person working on a low salary may have an even lower pension than a person who has worked much less at a high salary. That is, the very fact of working for a long time does not affect the size of the pension; only the actual contributions are important.