Pension savings can be received early, the expert said

Brief retelling from RIA II

Some Russian citizens have pension savings that were formed from previous contributions from employers or additional contributions, and they can be received early if certain conditions are met.

Pension savings can be made by citizens born in 1967 and younger, for whom employers made savings contributions until 2014, as well as by men born in 1953–1966 and women born in 1957–1966, if such contributions were paid for them in 2002–2004.

You can find out whether a person has pension savings, how many there are and where they are located, from an extract on the status of an individual personal account, which can be ordered through the State Services portal.

MOSCOW, October 9 - RIA Novosti. Some Russian citizens can receive pension savings ahead of schedule; this amount was formed from previous contributions from employers or additional contributions, said Vadim Vinogradov, a member of the Public Chamber of the Russian Federation, Doctor of Law, Dean of the Faculty of Law at the National Research University Higher School of Economics.

The expert explained that some citizens have a separate amount of pension savings, formed from previous contributions from employers, and in some cases from additional contributions and other funds provided by law. These savings are taken into account by the Social Fund or a non-state pension fund, and then paid according to separate rules.

“In cases provided for by law, payment of savings can be made earlier - if there are appropriate grounds for the early assignment of an old-age insurance pension and compliance with the necessary requirements for length of service and IPC,” writes Lenta.ru with reference to Vinogradov.

The expert emphasized that pension savings can be had by citizens born in 1967 and younger, for whom employers made savings contributions until 2014, as well as by men born in 1953–1966 and women born in 1957–1966, if such contributions were paid for them in 2002–2004.

“If a funded pension has already been assigned, it cannot be replaced with a lump sum payment of the remaining funds. Therefore, it is important to find out the form of payment and the conditions for its assignment before registration,” the expert emphasized.

At the same time, according to him, the method of payment depends, among other things, on the amount of savings: if by the age of 55 a woman or by 60 years a man does not have the 15 years of experience or 30 pension coefficients required for an insurance pension, the savings are paid in a lump sum, regardless of their amount.

The expert said that you can find out whether a person has pension savings, how many there are and where they are located, from an extract on the status of an individual personal account, which can be ordered through the State Services portal.