The economist shared a way to double the insurance pension

Residents of Russia can more than double their insurance pension if they apply for it in 10 years. About this on June 25, "Gazeta.Ru" was told by Igor Balynin, Candidate of Economics, Associate Professor at the Financial University under the Government of the Russian Federation.

"The Law on Insurance Pensions provides for the possibility of increasing the amount of an insurance pension when applying for it from one to 10 years. The later you apply, the higher the amount of the insurance pension. This is due to the application of the coefficients of increase to both the fixed payment to the insurance pension, and to individual pension coefficients — IPK...> If the right to appointment arose 10 or more years ago, then when applying in June 2025, the amount of the insurance pension will be 2.25 times higher, or 59.69 thousand rubles," Balynin said.

According to the economist, according to the ongoing reform, none of Russians will receive an old-age insurance pension in 2025, but in 2026, women aged 59 and men aged 64 will receive such a pension among the country's population. To receive an old-age insurance pension, they need 15 years of insurance experience and 30 PKI points.

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Earlier in the day, Igor Balynin spoke about benefits for Russian residents of pre-retirement age. The expert noted that such citizens of the country are exempt from paying personal property tax and land tax.