What is a funded pension and how to get it in 2025
When Russians go on a well—deserved vacation, they can claim not only an insurance pension, but also additional monthly payments from their retirement savings, the so-called funded pension. Izvestia tells us who has the right to dispose of this money, how to get it, and what conditions must be met in 2025.
What is a funded pension?
A funded pension is a monthly payment that complements the basic old-age insurance pension. Its difference lies in the source of formation. If the insurance pension is funded by current contributions from employers and is used to pay current pensioners, then the funded part is accumulated on the individual personal account of a citizen.
How savings are formed:
- at the expense of the employer's insurance contributions, which were paid as part of compulsory pension insurance before the introduction of the moratorium;
- voluntary contributions under the co-financing program;
- maternity capital funds aimed at forming a funded mother's pension;
- income from investing the listed funds.
It is important to note that since 2014, a moratorium has been in effect, according to which all insurance contributions from employers are allocated exclusively to the formation of an insurance pension. However, the funds already transferred to the funded part before this period continue to be in the accounts of citizens.
Who can receive a funded pension in 2025
Insured persons have the right to receive a funded pension if several conditions are met. The main one is the achievement of the generally established retirement age — 60 years for men and 55 years for women, and the appointment of an old-age insurance pension.
Citizens who have the right to early retirement (for example, workers in harmful and dangerous industries, residents of the Far North, teachers and doctors) can expect to receive a funded pension before the generally set age.
The type of payment depends on the amount of the pensioner's subsistence level at the federal level. In 2025, it is equal to 15,250 rubles. If the regional subsistence level for pensioners is higher than the federal one, then an additional payment is made to the pension, as, for example, in the Moscow region.
Where to contact to make a payment
To assign a funded pension to a citizen, it is necessary to submit an application of the established sample. There are several ways to do this. The main body that accepts applications is the Social Fund of Russia (SFR). You can also apply to a non-governmental pension fund (NPF) if funds were transferred there.
How to apply for a payout:
- through your personal account on the Gosuslugi portal;
- in the SFR customer service or in the NPF office;
- through the multifunctional center (MFC) "My documents".
When submitting an application, it is important to pay attention to the fifth section of the document, which contains information about the possibility of receiving funds in the form of a lump sum. If a citizen meets the conditions for such a format, he can immediately indicate his choice.
What documents will be required for registration
The main document for applying is the passport of a citizen of the Russian Federation. In most cases, no additional documents are required, as all information about seniority, pension rights and savings is already available to the SFR.
However, in some situations, the foundation may request additional certificates and supporting documents. This may be due to changes in personal data, the need to confirm seniority for early retirement, or other special circumstances.
The exact list of required documents can be clarified in the SFR customer service or in the section on payments on the fund's official website.
Procedure and terms of accrual of a funded pension
Payment of a funded pension is appointed from the date of application. However, this date cannot be earlier than the day when the right to receive payment itself arises, that is, the day when the age and other conditions were met.
The amount of the monthly payment is calculated based on the total amount of pension savings recorded in the insured person's personal account on the date of pension assignment and the expected payment period, which is approved annually by law.
The amount of the funded pension is determined from the total amount of pension savings recorded in the insured person's personal account on the date of pension appointment, by dividing by the expected payment period, which is established annually by federal law. In 2025, it is 270 months. Thus, in order to calculate the monthly payment amount, the total amount must be divided by 270 months.
What else you need to know about a funded pension
A funded pension has a number of characteristics that distinguish it favorably from other types of pension provision. These funds are not indexed by the state as an insurance part. At the same time, the state guarantees the safety of pension savings.
All funds transferred to the management of the NPF or located in the SFR are insured. In case of revocation of a license from a non-governmental pension fund or other financial problems, the amount of savings of up to 2.8 million rubles will be compensated.
In addition, unlike an insurance pension, the funded part of the funds can be bequeathed. In case of death of the insured person, the remaining funds may be inherited by the legal successors. Citizens also have the right to change their insurer at any time, but it is recommended to do this no more than once every five years, so as not to lose investment income, which is accrued based on the results of a five-year financial cycle.
Earlier, Izvestia told what risks pensioners may face due to errors in the workbook.
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