In FIU explained calculation of work experience during service in army

The time of the urgent service in the army is read in the work experience, 1.8 pension coefficient is charged for each year. About this Agency RIA Novosti told in the press service of the Pension Fund of Russia (FIU).

They explained there that in some cases, when calculating the pension, the service in the army can be taken into account until 2002, but this option does not always give the greatest amount of payments.

Individual pension coefficients – an indicator on which the amount of pension depends. They are charged for each year of work or other activities taken into account for calculating the pension. The cost of one coefficient is revised annually.

June 11 reported that last year the number of applications of Russian citizens for the appointment of a storage pension from non-state pension funds turned out to be noticeably less than the expected level. One of the organizations has a decline in 20 percent, in another, which is among the ten largest, about 50. This forgetful market participants explain not only a pandemic, but also the unwillingness of the NPF to inform customers about the occurrence of pension grounds for the accumulative part of the pension. The trend itself is traced since 2019

previously became known that most Russians could not figure out how their future pension is formed. The fact that it is divided into insurance and cumulative, know less than 10 percent of citizens. It turned out that 89 percent of citizens are interested in the formation of a pension, but only 8 percent know the principles of its formation from the accumulative, insurance part and individual pension coefficient (IPC). More than half of the respondents – 51 percent – admitted that they tried to figure out in this topic, but faced with difficulties. 30 percent of respondents heard about pension points and two parts of the pension, but did not understand how it works. Another 11 percent of the survey participants admitted that they were not at all interested in this topic.

/Media reports.