The Federation Council talked about ways to increase the size of the old-age pension

The amount of an old-age insurance pension can be significantly increased if you postpone its registration after the right to payments arises. This was announced on December 13 by the Head of the Federation Council Committee on Social Policy, Elena Perminova.

She explained that when applying for a pension a year or more after becoming eligible for it, a system of premium coefficients is applied. According to her, for each year of deferral, both the fixed payment and the insurance part of the pension increase, which "significantly improves the financial situation."

The senator noted to RIA Novosti that if retirement is postponed for five years, the amount of the payment can be about 40% higher, and the maximum period of such postponement is ten years. At the same time, Perminova stressed that the deferred pension mechanism is not mandatory and each citizen makes a decision on the timing of registration independently.

Pension indexation from January 1 and payday: important news for pensioners

The cost of one pension coefficient will also be increased.

Earlier, on December 12, it was reported that pensioners whose payment date falls on the first days of January will receive their January pension ahead of schedule — at the end of December. This measure applies to citizens who receive payments through banks, while for pensioners who receive pensions from the Russian Post, the schedule will remain unchanged.

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