The Ministry of labor called the maximum possible amount of pension

The Ministry of labor called the maximum possible amount of pension

After raising the retirement age in Russia will become possible to provide insurance pension at 40% of average earnings, to a maximum of just over 30 000 rubles, reports “Interfax” with reference to the statement by the Deputy Minister of labour and social protection Andrei Pudova.

According to him, the Ministry of labour had calculated and agreed with the International labour organization. These calculations allow to say that “we will minimum social standard about 40% of the replacement rate of individual earnings to individual retirement run”. “Even for high-yield groups,” he added.

The “ceiling” for the calculation of pensions will become the limiting size of base for charge of insurance payments — 1 021 000 RUB per year. This amount corresponds to the monthly salary of the employee in the amount of about 85 000 RUB. In this case, the maximum possible insurance old-age pension (40% of earnings) will be approximately 34 000.

Pounds noted that for the calculation of pensions is taken to be the earnings all throughout life, not for some period of time. So the base for the calculation of pensions is less. The national average the average monthly salary is about 40 000 RUB., which must comply with pensions (40% of earnings) in the amount of 16 000 rubles.

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