How old-age pensions are assigned in 2020

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15 january 2020

The period of transition to a higher retirement age continues this year for persons entitled to old-age pensions. New parameters are taking effect step by step. Although the retirement age has grown by one more year in 2020 to a total of two years, pensions are still assigned six months earlier to women at 55.5 and men at 60.5.

This is the result of a special benefit, which applies to everyone who was supposed to retire in 2019 consistent with the former pension laws. These are women born in 1964 and men born in 1959. The benefit enabled their retirement in the second half of 2019 and the first half of 2020, depending on their birthday.

Period of transition to higher retirement age

 

Birth year

women

                                   Retirement terms

Age

Retirement year

Pension points

Length of employment

H1 1964

55.5

H2 2019

16.2

10

H2 1964

55.5

H1 2020

18.6

11

H1 1965

56.5

H2 2021

21

12

H2 1965

56.5

H1 2022

23.4

13

1966

58

2024

28.2

15

1967

59

2026

30

15

1968

60

2028

30

15

Birth year

men

                                   Retirement terms

Age

Retirement year

Pension points

Length of employment

H1 1959

60.5

H2 2019

16.2

10

H2 1959

60.5

H1 2020

18.6

11

H1 1960

61.5

H2 2021

21

12

H2 1960

61.5

H1 2022

23.4

13

1961

63

2024

28.2

15

1962

64

2026

30

15

1963

65

2028

30

15

 

The benefit also applies to those who were supposed to retire this year: women born in 1965 and men born in 1960. Their retirement was postponed by 1.5 years to the second half of 2021, when the retirement age will already grow by three years, and the first half of 2022, when the retirement age will grow by four years.

Notably, many Russians will retire as expected, primarily, people entitled to early retirements: miners, rescuers, public transport drivers, and other persons with hard, dangerous or harmful labor conditions. Their employers pay additional pension insurance contributions and most of such workers retire at the age of 50 or 55, depending on their gender, as before.

Early retirements also stayed in effect for teachers, doctors, and people of certain creative professions, whose pensions depend on the length of employment instead of the retirement age. In this case, pensions are assigned with due account of the period of transition to the higher retirement age, which begins as soon as they reach occupational seniority. For instance, a schoolteacher, whose required period of employment expires by April 2020, will be able to retire in 1.5 years, in October 2021, due to the transitional period.

Residents of the North retire five years before the general retirement age, but with due account of its gradual increase of the general retirement age. The minimal length of employment in northern territories, which qualifies for early retirement, is unchanged: 15 calendar years in the sub-Arctic region and 20 calendar years in similar territories. The length of employment remains unchanged: 20 years for women and 25 years for men.

Same as before, applicants must have the minimal number of pension points and length of employment. This year, the indicators stand at 11 years and 18.6 pension points. On general terms, a person can earn one year of employment and 9.57 pension points within 12 months unless special benefits apply.

The higher retirement age does not apply to disability pensions, which are fully preserved and assigned to disabled people irrespective of the age, as soon as the disability group is established.

Over 11 months of 2019, the Pension Fund assigned 1.4 million insurance and state pensions. Same as before, most persons were assigned old-age insurance pensions.

Read more about changes in the pension system.