This program began its operation at the beginning of 2009 and more than 8 million people immediately became its participants, who want to increase their pension. For the entire period since its inception, about 45.5 billion rubles have been transferred to the accounts. The program meets all the principles that are in the reform of the Ministry of Finance. Citizens take part only in raising their pensions. It also requires very little funding.

Pension co-financing program

The latest news about pension co-financing in 2020 suggests that contributory pensions still allow you to maintain high living standards.

The principle of the program:

• a pensioner replenishes a pension account in the amount of 2 to 12 thousand rubles. Every year;
• the state transfers the same amount to his account.

If a pensioner sent about 10 thousand rubles to increase the pension, then the state will additionally transfer the same 10 thousand rubles.

Please note: in any case, the payment will be no more than 12 thousand rubles.

Pension co-financing: how to get money for pensioners

In 2020, it is planned to increase the pension for pensioners who are officially employed at the time of joining the program. Officials plan to carry out pension indexing in 2020, this will add money to the pension of those who participate in the “co-financing” program. Such an instrument increases the pension by doubling the savings at the public expense.

The following documents will be required to participate in the project:

• the passport;
• statement;
• certificate of insurance (pension).

Those who have already retired can take part in the program.

Changes in co-financing of pensions in 2020

Unfortunately, today the global crisis does not give up its positions, since the state treasury does not have enough funds to cover all current expenses, including social needs.

Specialists also do not forget about the cooperation of pensioners and government agencies together, which contribute to the increase and additional pension assistance. The special impact of the state program will be felt by those who do not participate in the funded component by law - we are talking about citizens born before 1967.

Pension co-financing: new rules

Co-financing of pensions this year in Russia involves taking into account the following rules:

1. a Russian must allocate from two to twelve thousand rubles annually;
2. to allocate the same amount is the task of the state itself;
3. a prerequisite is that the maximum payment cannot exceed 12 thousand rubles.

If the employer has a desire to additionally transfer the amount to his employee, then the company is given the opportunity to reduce the UST. However, on this moment employers prefer to stay on the sidelines, mass financing of employees is out of the question.

Pension co-financing: who can participate and required documents

Those who are already retired can take part in co-financing in 2020.

To do this, you must submit certain documents:

• draw up an application according to the model (the template can be provided at the pension fund where the pensioner lives);
• give the fund employee a photocopy of your passport (you must also have its original with you);
• certificate in the original and a photocopy of insurance (pension).

If a civil servant wants the originals to remain with him, he will need to ask for a receipt. If the papers are lost, it will become proof of innocence on your part.

Additional co-financing contributions

In accordance with paragraph 1 of Article 13 of the Law of April 30, 2008 No. 56-FZ, the amount of the contribution paid by a citizen in the last calendar year should not exceed 12 thousand rubles.

Pension insurance premiums are paid by the insured person himself.

Daria Nikitina

Reading time: 7 minutes

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If in the last article we briefly talked about the possibilities that program state co-financing pensions, then today we will look at the other side of this program.

The essence of the program

Recall that, starting from 2009, those who wish can take advantage of the state's offer and deposit from 2 to 12 thousand rubles to their pension account, and the state will double this amount. And you can do this every year. This money will be invested in low-risk instruments with low returns (pension savings cannot be risked!) and it is expected that by old age an amount will be accumulated that will provide additional monthly income to the pensioner.

It seems very attractive, but only at first glance. If you dig a little deeper, you will find interesting nuances. About them later.

In this article:

How is the government co-financing of pensions?

Let's look at a specific example

Yury Venediktovich is now 50 years old and within the next 10 years he plans to take part in the state pension co-financing program. Every year he saves 12,000 rubles from his salary and transfers them to a pension fund, and there this money doubles. In addition, the pension fund invests this money at 10% per annum in order to at least save from inflation, and as a maximum, increase it. And so every year.

As a result, in 10 years, Yuri Venediktovich will accumulate 420.000 rubles. The calculations are shown in Table 1.

Table 1 - Increase in the funded part of the pension with annual contributions of 24,000 rubles and a rate of 10% per annum

Explanation for the table: for example, Yuri V. set aside 12.000 + 12.000 from the state = 24.000 by the end of the year. By the end of next year, taking into account interest, the amount will be 26.400 (24.000 + 24.000 * 10%), and plus an annual fee of 24.000, it will turn out 50.400 rubles, etc.

Well, Yuri Venediktovich saved up 420 thousand rubles. Now let's calculate what will be the monthly pension supplement when he retires. The amount of the allowance is calculated as the amount of savings divided by the so-called period of pension payment, which is equal to 19 years, that is, 228 months (this is stipulated in the law).

Monthly pension supplement = 420000 / 228 = 1842 rub.

And how much will the same 420,000 rubles deposited in a bank at 10% per annum give?

420000 * 10% / 12 months = 3500 rub.

Yeah, 90% more (almost 2 times) than pension fund payments! And this despite the fact that the amount of the deposit remains with you (at your disposal), while it will not be possible to withdraw this amount from the pension fund.

But here the state “helped” with its annual contribution (in total, over 10 years it turned out 120,000 rubles).

An alternative option for receiving a pension supplement

Let's now calculate what Yury Venediktovich's monthly “surcharge” will be if he simply saves 12,000 rubles every year and puts it on a bank deposit at 10% per annum.

Table 2 - Increase in the amount of the deposit with an annual contribution of 12,000 rubles and a rate of 10% per annum.

More and more Russians are starting to take care of their pensions in advance. The state supports such undertakings, offering various benefits and privileges if a person independently transfers funds. One of the ways to stimulate the formation of one's own savings for a future pension is a co-financing program. Although it appeared more than 10 years ago, few people know about it.

What is the pension co-financing program and until what year is it valid?

The state is actively trying to involve the citizens themselves in the formation of future pensions. To do this, various methods are used to encourage those who decide to independently save for subsequent payments upon reaching retirement age. One of these measures was the co-financing program.

Within the framework of the program, a person was offered to begin to independently form his own funded pension by making additional contributions. At the same time, the state guaranteed a doubling of the amount of additional. contributions, and in some cases, an increase in the contributed amount by 4 times is provided.

In fact, if a person joined the program and contributed 5,000 rubles. to the account for the formation of a future funded pension, the state also added 5,000 rubles to his personal account, and in some cases - 20,000 rubles. At the same time, at the level of legislation, it is established that for co-financing the amount of additional contributions must be at least 2000 rubles. and not more than 12,000 rubles.

The program is financed by the National Welfare Fund. All savings on a personal account can be transferred under the management of a management company or an NPF to generate income and increase this amount.

The program first launched in 2008. It was in October of this year that the FIU began accepting applications from citizens to participate in the program. Reception of applications ended on December 31, 2014, and the participant had to transfer the first installment before the end of January 2015.

The term of participation of a person in the project is 10 years. Thus, he will completely finish his work by 2025.

Important! It is not possible to apply now and become a member. But the state still offers citizens to take care of future pension payments ah and exercise extra. contributions, but no longer proposes an increase in the transferred amounts. Before implementing additional contributions, you must contact the FIU branch and submit an appropriate application. It is impossible to simply transfer money to the Pension Fund account.

What is the state pension co-financing program, you will learn from this video:

Who could take part in the state pension co-financing program

Every citizen participating in the pension insurance system could join the program. In fact, all officially working Russians, entrepreneurs, etc. fall into this category. If the participant had the right to insurance pension and did not draw up it or other types of pension payments, then special conditions are provided for him - the amount of co-financing is equal to personal contributions increased by 4 times.

Participation in the program was accepted by persons suitable for the following conditions:

1. The application for connection to the project was submitted before December 31, 2014. It could be issued through the State Services service, with a personal appeal to Pension Fund and in other ways.
2. The first voluntary contribution in the amount of 2000 rubles. made before January 31, 2015. If it was made later, then even if the application was submitted, the person could no longer take part in the project.
3. Not more than 10 years have passed since joining the project. It is during this time that state co-financing is carried out.

In order to receive co-financing, it is additionally necessary that the amount of additional contributions for last year was more than 2000 rubles. If it turns out to be lower, then the state will not credit the amount of co-financing to the person's personal account.

Methods of making a voluntary insurance premium

The Russian state offers voluntary pension contributions to project participants to make their own or through the employer. A citizen can choose any of these methods, but it must be borne in mind that each of them has certain features.

Main features of self-contribution:

• You can transfer money by payment order or receipt through any bank (including Sberbank). At the same time, it is important to carefully check all the details and especially the full name, as well as the SNILS number.
• Instead of contacting a branch of a credit institution, you can use Internet banking. Russian online wallets also allow you to transfer contributions to the FIU from your account.
• It is allowed to make both one and several contributions during the year. There are no restrictions on amounts, but the government will only co-finance the savings if the amount exceeds 2,000 rubles.
• A copy of the payment documents must be kept. They will be required if there is a desire to receive a tax deduction.

Features of paying contributions through the employer:

• The application must be submitted 1 time, it must indicate your desire to do additional. contributions from their pension funds. But first it was necessary to apply to the FIU and become a participant in the project.
• The employer makes all transfers as separate payment orders along with the payment of wages. You do not need to constantly monitor the need to transfer money and spend time on the transfer.
• Reporting to the FIU will be handed over by the employer. He needs to submit registers, reports, etc.
• Refuse to transfer funds to additional financing future pension employer cannot. Moreover, some organizations are implementing their own programs to co-finance future pensions of employees, including those who participate in the state. projects.

Regardless of the chosen method of transferring contributions, they are not subject to personal income tax. A person has the right to receive a social tax deduction for them. For example, if 10,000 rubles were transferred to the FIU for the year, then the amount of the deduction will be 1,300 rubles.

You can issue a deduction yourself by submitting a declaration to the tax office at the end of the year, and you can also receive a deduction through the employer, having previously received a certificate of the possibility of obtaining it from the IFTS.

Important! If the employer organization also co-finances pension savings, then the deduction is possible only on the amount of contributions transferred at the expense of the employee. The benefit does not apply to contributions (including additional ones) transferred by the employer at the expense of the company.

The possibility of using deductions further increases the attractiveness of the project for state co-financing of savings. But this opportunity is available only to those who have the appropriate income subject to personal income tax at a rate of 13%. In the absence of such income, there will be no deductions.

A citizen can at any time reconcile payments received with the FIU. To do this, you need to contact a convenient branch of the Fund and submit documents on making payments (you can copy, printouts from online banking). It is recommended to periodically reconcile, since errors sometimes occur when crediting funds, and the sooner they are detected, the easier it will be to correct them in the PFR information system.

When and how pensioners can receive money accumulated under the pension co-financing program

A person can receive money accumulated in a personal account through personal contributions, co-financing from the state and investment income upon retirement. This usually happens when you reach the retirement age established by law. But in some cases, early retirement is possible.

1. Urgent payment. Every month, the pensioner will receive a certain part of the funds in the form of an additional amount to the pension. The citizen chooses the term of payments on his own, but the state establishes that it cannot be less than 10 years (120 months).
2. Payment of a funded pension. Every month until the end of life, the pensioner will receive cash payments determined based on the expected period. In 2019, the expected payment period is 21 years. The size monthly payments will be less than when they were appointed for a certain period, but they will be paid for life.
3. . This option can be used by those who have not acquired the right to a funded pension, or its amount will be 5% or less of the calculated amount of the insurance pension.

About payments under the pension co-financing program is described in this video:

Are the savings of a deceased participant in the pension co-financing program inherited, and how to get them

According to the law, the savings of a deceased project participant are not inherited, but transferred to successors. In fact, there are few differences in these 2 procedures. In advance, the participant can leave a statement on the distribution of funds between assignees, indicate a specific recipient, etc.

Depending on the situation, the savings of the deceased participant are transferred according to the following rules:

• If the participant dies before reaching pension benefits, then all funds are transferred to the assignees.
• If the participant was already assigned urgent payments before death, then the assignees receive only the remaining (unpaid) part of the savings.
• If the participant was assigned a life-long funded pension, then the assignees do not receive any funds.

To receive funds, the assignee must apply to the FIU or NPF with a corresponding application. The decision on payment will be made within the 7th month from the date of death of the citizen.

*The State doubles your voluntary contributions to the funded pension within 10 years from the year following the year of payment of the first contributions under the Program.

For example, if during the year you transferred 12,000 rubles to your funded pension, then by May 15 of the next year the state will add another 12,000 rubles to your contributions.

Thus, every year your pension account can be replenished by 24,000 rubles, which will be invested along with other pension savings.

The program is valid for 10 years for insured persons who applied for membership in the Program before December 31, 2014 and made the first installment before January 31, 2015.

Get a tax deduction

Do not forget that by paying voluntary contributions under the co-financing program, you are entitled to a social tax deduction. You can apply for it through the employer or the tax office.

Get a tax deduction

In the employer's accounting

If you pay additional contributions through your employer, that is, they are automatically deducted from your salary, you can apply for a tax deduction through your accounting department. To do this, you do not need to wait for the end of the calendar year, as it was before, it is enough to write a corresponding application to the accounting department at the place of work.

At the tax office

You can apply for a social tax deduction at the tax office in your place of residence. For this you will need the following documents:

Completed tax return form 3-NDFL.

Certificate of income for the reporting tax period in the form of 2-NDFL.

A copy of the TIN of the taxpayer and a copy of the passport.

Application for a social tax deduction in any form.

Payment details.

After accounting for funds on an individual personal account with the Pension Fund of the Russian Federation, the funds will be transferred to the FUTURE fund.

Pay a fee

As a reminder, the state co-finances voluntary contributions for 10 years from the moment you pay the first installment. You can also stop transferring additional funds to the funded pension at any time, while the funds already accumulated remain. You can also renew the payment of contributions at any time (within 10 years from the first installment).

Pay a fee:

On one's own

You can pay a voluntary contribution to the FIU yourself at any bank. Details for payment can be obtained on the website of the PFR pfrf.ru or in the territorial office of the PFR at the place of residence. To fill out a payment order, you will need:

SNILS number (insurance number of an individual personal account, which is indicated in the insurance certificate of compulsory pension insurance),

TIN and Address of the payer (optional)

Through the employer

Your employer may deduct your voluntary contributions from your salary. You choose the amount of contributions and the frequency of their payment yourself and can change them at any time. Contact your company's Human Resources department for a sample withholding application, fill it out, and your employer will begin to transfer your additional contributions to the FIU.