The main purpose of the Pension Calculator is to explain how your pension entitlements are formed and your insurance pension is calculated, as well as to show how the size of your insurance pension is influenced by:
How many pension points
can you gain in 2019?
Enter your monthly wage before deduction of your personal income tax:
The result of calculation
- the size of your wage;
- the size of your income as self-employed citizen;
- your pension plan in the mandatory pension insurance system;
- years of employment (insurance record);
- military service by conscription, maternity leave and other socially significant periods of your life;
- pension claim filed after the standard retirement age.
The result of your insurance pension calculations is strictly demonstrative and should not be viewed as the actual size of your future pension. For the sake of simplicity, all calculations are done in permanent conditions of 2019. The calculations are based on the premise that all of your pension entitlements are formed in 2019 and you are “assigned” an insurance pension in 2019 on the basis of life plans declared by you and that you would be “paid” the wage declared by you throughout your career.
The actual size of the insurance pension is calculated by the Russian Pension Fund upon receiving your application with due account of all pension entitlements and benefits envisaged by pension laws as of the pension assignment date. For instance, persons with first-degree disabilities, persons older than 80, persons who worked or live in the Extreme North or similar territories, persons who worked in agriculture for at least 30 years, who are not currently employed and who reside in the countryside, will be receiving a higher insurance pension because of the increased fixed-rate payment.
For self-employed citizens (such as individual entrepreneurs, heads and workers of farm enterprises, lawyers, bankruptcy commissioners, notaries and other persons with private practice who are not listed as individual entrepreneurs), pension entitlements will not be calculated on the basis of their wage but on the basis of the fixed-rate payment and 1% of the sum exceeding 300,000 rubles, which they annually pay as mandatory pension contributions.
The Pension Calculator does not apply to servicemen and employees of law enforcement agencies who have no qualifying period as hired employees unrelated to military service.
The result of calculation
The insurance old-age pension is calculated by the following formula: the sum of your pension points is multiplied by the value of one pension point in the year of insurance pension assignment plus the sum of the fixed payment.
The calculation of the conventional size of an insurance pension is based on the following indices in effect in 2019:
- The fixed payment — 5,334 rubles 19 kopecks;
- The value of one pension point — 87.24 rubles;
- The maximal wage before deduction of personal income tax liable to insurance contributions — 95,833 rubles per month.